WinStar Stablemates was established in 2018 as a way of providing an opportunity for affordable ownership experience. The concept is to let fans see what it’s like to own a racehorse without the buy-in being exorbitant.
Owning a racehorse is packed with adventure and excitement, however it is important to understand that racehorse ownership is far from a traditional investment and only a small percentage of racehorses will produce significant earnings. By joining a syndicate, you reduce your risk by pooling your money with other investors.
The way it works is WinStar Farm leases the racing rights of a selected group of fillies for a term of one year under the banner of WinStar Stablemates Racing. At the end of the term, the fillies will be sold, retired to the WinStar broodmare band or continue racing the subsequent year.
100 shares are available for purchase. Each shareholder puts up a designated amount to cover training costs plus an administrative fee. The buy in is projected by the number of horses offered, and is expected to cover all costs for the term of the lease. Therefor thier should be no need to collect additional fees during the year. The cumulative amount earned by the stable’s horses after fees is then divided up by shareholders at the end of the year.
“The Stablemates program offers value to fans while raising awareness of our beloved sport. We want members to feel involved in the horse’s career and have the opportunity to see what it’s like to own a race horse.” Elliott Walden