Terminology:
Partnership Programs – There will be a Partnership Program for each major yearling sale in 2022:
- Ohio Partnership Program
- Lexington Sale Partnership Program
- Ontario Partnership Program
- Harrisburg Sale Partnership Program
Buckets – There will be one or more buckets in each Partnership Program. For example, there may be a $75,000 Bucket (buy-in is $750 for one lot) and a $150,000 Bucket (buy-in is $1,500 for one lot). There will be one or more horses in each bucket.
Lots – There are 100 lots in each bucket. When you buy one lot in a bucket, you will own 1% of each horse in the bucket. For example, if there are 3 horses in a $150,000 bucket and you buy one lot in the bucket, you will own 1% of each of the 3 horses for a total cost of $1,500.
How the Partnership Program works:
The horses purchased in this year’s yearling sales will be sold as part of Partnership Programs. (Any shares of lots not sold through the Partnership Programs will be offered firstly to clients who purchased lots in those buckets; any remaining shares will then be made publicly available.)
You can purchase lots in these Partnership Programs through your account at TheStableca.com well in advance of each sale. Lots will be offered for sale starting August 2 for the Ohio Partnership Program and the Lexington Sale Partnership Program. For the Ontario Partnership Program and Harrisburg Sale Partnership Program, buckets will be announced and lots will be listed for sale starting September 1.
There will be multiple buckets in each Partnership Program, and each bucket will contain one or more horses. There are 100 lots in each bucket. When you buy one lot in one bucket, you will own a 1% share of each horse in that bucket.
These are the Partnership Programs for 2022:
- Ohio Partnership Program – horses that will be purchased at the Ohio Selected Jug Sale on September 16, 2022
- Lexington Sale Partnership Program – horses that will be purchased at the Lexington Sale on October 3 – 7, 2022
- Ontario Partnership Program – horses that will be purchased at the Ontario Select Sale (Winbak) on September 25, 2022 and/or London Classic Yearling Sale (Western Fair) October 18 & 19, 2022
- Harrisburg Sale Partnership – horses that will be purchased at the Harrisburg Sale on November 7 – 11, 2022
The following are the buckets for the Ohio Partnership Program and the Lexington Sale Partnership Program.
Ohio Buckets
- Ohio A: $250,000 USD ($3175 CDN per lot)
- Ohio B: $75,000 USD ($950 CDN per lot)
Lexington Sale Buckets:
- Lexington A: $350,000 USD ($4,450 CDN per lot)
- Lexington B: $150,000 USD ($1,900 CDN per lot)
- Premium Horse (1 single horse): $150,000 USD ($1,900 CDN per lot)
How to purchase lots
Clients may purchase lots in a Partnership Program through their accounts at TheStableca.com
If you have an account credit, that credit will be automatically applied against your purchases.
People who are not existing clients but wish to become a client by purchasing a lot in a Partnership Program may do so by clicking BUY NOW on the profile of the bucket they wish to buy into at www.thestable.ca/the-horses
These purchases are binding. If you wish to sell your lot, you may do so on the Private Market at any point before the yearling sale begins.
Once the yearling sale has begun, Private Sale transactions for all horses purchased in that sale will be frozen for a period of 14 days after the yearling sale(s) concludes or until all public shares of that horse have been sold (whichever comes first).
After the sales
These Partnership lots represent a 1% ownership share in each horse in that particular bucket. Upon completion of the sale, that Partnership will be dissolved and shares of the horses assigned to the bucket will be distributed directly to the members of the Partnership.
In addition, participating members of the Partnership will also be able to purchase additional shares (should any remain) of the individual horses in the partnership before they are released to the rest of TheStable community.
Once the shares are transferred to the individual owners, the owners then control the shares and can sell (or buy more) as they please.
Frequently Asked Questions
Why are the budgets for
each bucket different from the lot prices?
Most of the yearling sales are in the U.S. so our budget to buy horses is stated
in USD. TheStable’s accounting platform is based in CAD. The price listed per
lot is stated in CAD and has been converted from USD.
Do I still have to pay
monthly fees?
Yes, you will have to pay monthly fees for each horse included in the bucket
for which you purchased a lot. These Partnership Programs only cover the purchasing
of shares, not the monthly costs associated with the horse.
Do I still have to get licensed?
Prior to the horse’s first qualifying start you will have to obtain a national membership (USTA or Standardbred Canada). Depending on the licensing rules in the jurisdiction where the horse will race, you might be required to purchase additional licensing.
I currently have an account
credit. Will that be applied to this purchase?
Yes.
Is there HST?
HST is not currently charged on any horse purchased from a U.S. entity. There
is HST charged on a horse purchased in Canada.
What happens if you don’t
spend the budget?
Any remaining funds will be credited to your account.
Who decides which horses go
into the buckets?
Anthony MacDonald will decide which horses are assigned to each bucket.
How many horses will be in
each bucket?
Anthony MacDonald will decide how many horses and which horses are assigned to each
bucket. Aside from the Premium Horse bucket for the Lexington Sale Partnership,
there will be 2 or more horses in each bucket.
When will I know which horses are going into which buckets?
Anthony will determine which horses are being assigned to each bucket after the yearling sale(s) for that Partnership have concluded. We will email all clients to advise them and transfer the shares you’ve purchased into your account.
Questions? For horse-specific questions, contact Anthony MacDonald (519) 400-4263 anthony@thestable.ca
For general questions about this program contact kelly@thestable.ca