VIP Stable - Frequently Asked Questions

Frequently Asked Questions about VIP Stable

How can I get involved as an owner with VIP?

There are two ways in which you can get involved as a racehorse owner with VIP:

1) Purchase a share in an individual horse offered by VIP. This is a great way to build your own stable of horses. VIP does not require members to purchase a minimum of 10% of a horse (as many partnerships do). Our goal is to make horse ownership fun and affordable for everyone. Keep an eye on our “Join VIP” page for our next opportunity. You can also stay up to date with what’s happening at VIP by adding your name to our emailing list. You can do this by simply sending an email to tomj@vipstable.com and ask to be added to our mailing list.

2) The second horse ownership option is to purchase a share of our VIP Empire Stable. As a member of VIP Empire Stable, you’ll own a piece of each horse that Empire purchases. Whether it’s a racehorse or a yearling, you’ll own a piece. As a shareholder, you’ll share in the expenses and profits associated with the stable’s horses. Remember, you’re an actual owner of the stable. VIP Empire will be limited to 100 shares. As a result, each share (once sold out) will represent 1% of the entire stable. No longer will you have to fret over not buying in on that yearling or missing out on that night’s winner. Join VIP Empire Stable and you’ll never be left out of the excitement. Each share of VIP Empire Stable can be purchased for $500. Please note that VIP Empire owns anywhere from 5 - 100% of a select group of horses that VIP manages.

Can I watch the horse train?

Definitely!!!! We encourage our owners to visit the track where our horses are stabled and meet our trainers, grooms and other owners.

Can I get in the winner’s circle when my horse wins?

Without a doubt!!!! That’s what we live for in this game…..

How much does it cost to take care of a racehorse?

Horseracing expenses vary by region of the country. However, a racing horse in training will generally cost in the range of $2000 - $3500 per month to care for. This includes training costs ($35-$50 per day), stable costs ($200 - $400 per month), transportation ($25-$150 per trip to the track), vet costs (which are generally $400 - $1000 per month), and equipment rental ($100-200 per month). There are also occasional miscellaneous costs that can add to the overall expenses. As you can see, horse ownership can be expensive. That’s why partnerships (such as VIP) are a great way to get involved as those expenses can be shared by the entire group.

When will I receive my bills or profits? VIP Stable's Crisis returning to the Meadowlands Winner's circle

VIP Empire Stable members will receive a quarterly operating statement. This statement will indicate whether the stable had a profit or a loss for the quarter. If there was a loss, each member would be told how much they need to remit. If there is a profit, VIP will remit a check to each shareholder. Both expenses and profits are calculated on a per share basis.

Monthly statements will be sent to those owners who own a percent of an individual horse. If the horse showed a loss for the month, the owner would be billed for their share of that loss. If the horse made a profit for the month, the owner would receive a check for their share of the profit.

How is VIP compensated for managing the stable?

We believe we should make money when our partners make money, so VIP receives 5% of the purse money that our horses earn and 10% of any appreciation in value when our horses are sold.

Does VIP insure their horses for mortality or major medical?

VIP Stable does not purchase Mortality or Major Medical insurance on our horses. Purchasing Life Insurance for a horse is a decision we feel each partner should make on their own. These policies can be expensive (usually 4% to 6% of the horse's value) and the odds of a racing horse dying is small. We also feel purchasing medical insurance is not a sound financial decision. This type of insurance is expensive (ranging from $700 to $1000 per year). Most injuries don’t require surgery and this type of insurance (along with life insurance) can really add costs to an already expensive sport.

How will I know when my horse is racing?

Each VIP member will receive our newsletter (usually 2-3 times per week). This will provide our owners with entries, results and reviews of our stable. We will also provide additional updates as needed depending on the situation (such as the purchase of a new horse).

Have more questions?

Just drop us an email at tomj@vipstable.com and we’ll be happy to answer your questions.