Group ownership is a concept embraced by a lot of racing enthusiasts as it offers them the rare chance of becoming an owner of a stallion. However, the success of such a group ownership depends on the work of the managing partner or the people involved in taking care of the stallions and keeping in touch with the group owners. Usually, this managing partner is a company.
If you are interested in using this opportunity you have you should first understand what kind of a managing partner you should be able to trust. The best ones in the field are those who carry a set of specific qualities.
History of Wins
The best managing partner is a company which has a history of wins. They will be known for breeding the stallions that have scored wins in popular event such as the Melbourne Spring Racing Carnival. The history of wins shows you that they are capable of breeding good stallions and training them to be the best performers in any competition. Not every managing partner has the ability to score wins like that.
They are the best at what they do because of their dedication. They take this group ownership job quite seriously. This means they are going to use the money you give them to take good care of the stallion. At the same time they are not going to forget you. They take good care to maintain a good relationship with you too.
One of the common complaints you get to hear from those who are a part of such horse syndicates is that the managing partner of the group is not very friendly. They are not friendly enough to offer you information about the stallion until you ask them a thousand times. They are also not very keen to offer you your share of the wins as much as they are interested in taking your share of the expenses. A good managing partner showcases the complete opposite behaviour. Browse this website to find out more details regarding horse syndicates.
When it comes to getting your shares of the wins a good managing partner is going to deliver them to you as soon as they get them. They are not going to keep those wins for themselves.
They take money from you as they want to bear the expenses of stallions. They are going to use that money to take care of the stallions as promised.
Only get into a group ownership if the managing partner has these qualities. Such a managing partner will be good to work with.