| How do I become an owner? How much of the horse will I own? How do I get my owner's license? How often will I see my horse? How often will I get bills for the care and maintenance of my horse? Who pays the bills for Flying Dutchman horses? When do I receive purse earnings? Owners' Awards? Who makes the training and racing decisions? What is the typical length of a racing partnership? What happens when the horse is retired from racing? What Should I expect from my relationship with Flying Dutchman? |
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How do I become an owner? If you are interested in becoming an owner but want more information on Flying Dutchman Thoroughbreds, please complete the contact form so that Rich Sorge, the Managing Member, can call you to discuss your interest and answer your questions. After speaking with Rich, and you want to move forward, the final step would be to put your partnership contract in place.How much of the horse will I own? The percentage owned per unit varies by LLC (particular horse), but can be as little as 5% and as much as 45%. Our different programs allow for different levels of investment, depending on the time of offers and age of the horse, as well as potential for return.How do I get my owner's license? Flying Dutchman Thoroughbreds will help you obtain your license and guide through each step of the process. Depending on your investment you may need to get licensed in more than one state.How often will I see my horse? You are welcome to visit your horse, and any other horse in our Program at any time. Ownership provides you with back of the track privileges. Morning workouts are often enjoyed by our partners and are a part of the overall experience. In our breeding program you may choose to visit your mare or yearling on the farm in Kentucky or while being broke and trained to run in Ocala, Florida. Regardless of the horse you are invested in, you will always be welcome to enjoy the sport and the team’s entire stable.How often will I get bills for the care and maintenance of my horse? On a monthly basis you will receive a financial statement from Flying Dutchman Thoroughbreds. Each statement will fully detail credits and debits. If you have a debit owed you will be asked to remit due funds within the 30 days billing cycle. If you have a credit you have the option of rolling your credit to the next billing cycle or cashing in the credit within the 30 day billing cycle.Who pays the bills for Flying Dutchman horses? Flying Dutchman Thoroughbreds manages the bookkeeping for each partnership. This includes invoice payments and detailed documentation of all expenses paid to trainers, vanning companies, veterinarians, blacksmiths, and other service providers. Each quarter, members are mailed a complete report that delineates each expense by provider and month of service which highlights for each member a financial 'snapshot' of the partnership throughout the year.When do I receive purse earnings? Owners' Awards? Purse earnings and related owners awards are documented in the quarterly reports. Net earnings are distributed to members monthly if a credit is due or if they choose not to roll over credits to the next month.Who makes the training and racing decisions? All training and racing decisions are really made by the advice of the trainer and the horse itself. We take that advice seriously and relay the information to our partners. We can discuss difficult decisions amongst the partners, but Flying Dutchman Thoroughbreds will be the final decision maker with regards to the training and racing of the horse.What is the typical length of a racing partnership? There is no set time frame or official length of time for a partnership to last. Depending on the type of program you join partnerships can last for years. If the horse is successful and goes onto a career after racing that can extend the partnership as well. It is possible that a horse can win a maiden race or two and an outside buyer makes a significant offer to purchase your horse. If the partnership decides to sell, the partnership would than be over upon the distribution of profits for that relationship. While we always hope for the best, it is possible for a thoroughbred to suffer career ending and life threatening injuries as well, which in turn would obviously have an effect on the partnership. Because of all the possibilities and different programs we offer you just can’t put a true period on the time frame the partnership will last.What happens when the horse is retired from racing? When a FDT horse is retired, sold, or donated the final invoices have been documented and the bookkeeping is complete, the LLC is dissolved and the LLC members are distributed any remaining monies, pro-rated in accordance with their ownership share.What Should I expect from my relationship with Flying Dutchman? Flying Dutchman Thoroughbreds operates on sound business principals, integrity and has and honest open door policy with its clients. From the beginning we make it clear to our clients that there are no guarantees in thoroughbred ownership. No monetary rates of return guarantees, no horse result guarantees. We work with first class trainers and breeding farms to try and produce the best product possible that will optimize your complete experience. Your greatest rate of return will be the thrill and excitement of ownership. If you are looking for fun, excitement, morning workouts, days at the track and watching your horse mature with time than Flying Dutchman is for you. | |||
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