One thing I have learned is you have to keep checking back on websites. Every group seems to have its own way of doing things. Checking back on Centennial I find they are offering two different partnerships.
Centennial has a long history in the partnership business. They have campaigned horses like Corinthian, Colonial Affair, Unified, Rubiano, and Wicked Strong. Jimmy Jerkens is usually the trainer.
The first is a one horse deal. 5% for $40,000 of a very nice Candy Ride colt they bought at the Saratoga yearling sale in 2019 for $500,000. This includes all expenses through 2020. i had not seen this offer before, maybe I just missed it.
So rather than make the offer when they first bought the horse, they make it available now. i will have to think about that approach.
The other offer is a 4 horse package
- Frozen Assets – Frosted $275,000
- Khafre – American Pharoah $500,000
- Orr – Nyquist $375,000
- Royal Realm – Empire Maker $250,000
The partnership is capitalized at $2,350,000. This is interesting because it includes all the costs since the horses were purchased. This includes a fairly large insurance cost that allows the partnership to not offer units until this summer. This is a different approach than the others.
These are 4 very nice horses with more traditional pedigrees than Starlight or Ten Strike. Centennial is asking $58,000 for a 2.5% share, it seems there is only one spot left. Obviously this is a big number, but it might be the best risk/return opportunity I have seen
If not for the fact that the upcoming yearling sales might yield better bargains, the Centennial deal would be a very serious offer to consider.
Buying A Race Horse 