Thoroughbred Racing Partnership FAQs

Ghost is Clear at Keeneland

We advise anyone getting into the "Sport of Kings" to learn as much as they possibly can before investing.  We have put together a few of the most frequently asked questions here.

Please do not hesitate to call or email.
We are happy to assist you. 
kim@twincreeksracing.com
(859) 873-0145

 

Frequently Asked Questions

 

What does Twin Creeks Racing Stables, llc. do?

We put together a stable of yearlings each year that are handpicked by our team and then offer them to the public for a one time initial fee with no mark ups or monthly fees. We provide investors with a chance of becoming  an owner of a standout performer.

Does Twin Creeks Racing offer portfolio management services?

Absolutely! We offer portfolio management to both new owners and to those that are already in the business. We can handle all the paperwork and finances as well as help recommend breeding and racing options. 

Who purchases the horses in the stable?

Randy Gullatt is at all major sales where he personally evaluates each horse. Both him and Steve Davison choose which horses are best suited for the racing partnership.

What is the selection criteria for horses purchased in the stable?

The selection criteria for all horses are conformation, athleticism, pedigree and value. All horses go through extensive veterinarian examinations and receive positive recommendations by the veterinarian prior to their purchase.

Do you insure each horse in the stable?

Yes. Each horse is covered by mortality insurance for 100% of the purchase amount. However, if a horse runs in a claiming race for a value less than the purchase price, the horse's insurance will drop down to that claiming price. The management reserves the right to change the amount of insurance on each horse as their values fluctuate. 

 
When are new partnerships formed?

We begin forming new partnerships at the end of the Keeneland September Sale after we have selected all the yearlings. However, we do offer new partnerships through out the year as we acquire new horses. All our available horses are listed on our roster page.

How long does it take to break a horse?

Each individual is different, but yearlings typically start in late September or October and are ridden for several months into their two-year-old year. Some two-year-olds will be turned out after that time to mature and others will continue training and progress to breezing 3/8 of a mile before being shipped out to their racing trainer at a major track.  Stable two-year-olds will not be rushed to the track; our trainers will decide when the respective horse in their care is ready for serious training.

How will the decision to retire a horse be made?

Stable horses will be raced as long as they are competitive at their highest level and in an effort to maximum their value. Most fillies and mares retire between four and six years of age.  Colts usually are raced until they are three to five years of age and geldings as long as they can compete and maintain soundness.

Will Stable horses ever run in claiming races?

Only if the trainer and racing management believe the horse's value is not higher than the claiming race and the claiming race presents the best opportunity for the respective horse to be competitive.

What happens after the horses are purchased out of the sales?

They come to Twin Creeks Farm for about a week to recover from the stress of the sales.  After that time, we send out horses to various trainers in the south where the weather is most favorable for training.

Does each Investor need an owner's license? 

Only if the investor owns 5% or more of the partnership. Those owners will need to obtain a racing license through the National Racing Compact. The cost for a three-year compact license is $225. Plus there will be fees for each specific jurisdiction in which a stable horse runs.  A representative of the Management team will assist Investors through this process and will advise those that need licensing.

What are the benefits of having a license?

Benefits include free admission and parking at the racetrack along with unrestricted access to the backstretch. 

What kind of interaction will Investors have with the trainer?

A Twin Creeks Representative will have weekly contact with Stable trainers and forward reports to all Investors.  The Representative can make arrangements for Investors to go to a barn area in the mornings to watch Stable horses' workout.  This process will limit the burden on trainers of having to communicate identical information multiple times and achieve the goal of keeping Investors apprised of the progress and significant events of Stable horses.

When will Investors know that a Stable horse is running?

Generally all entries are taken 48 hours before a race is schedule to run.  Some tracks take entries 72 hours in advance.  All Investors will be sent e-mail notifications of Stable entries the afternoon that they are entered.

How will Investors be kept informed on the status of Stable horses?

Investors can view the Stable Updates page in the Racing Client Area at any time on the website containing weekly training reports as well as racing updates. Significant updates will be sent to all Investors via e-mail.