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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 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.
For with questions or comments about this web site,
please go to our comment page.
Copyright © 2007 VIP Internet Stable, LLC
Last modified: 3/13/07
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