Risks Of Getting Involved In A Group Ownership Of A Stallion
Group ownership of a stallion is a wonderful chance which offers the chance of becoming an owner of a stallion to most people who cannot afford to buy and take care of a stallion on their own. While it will give you the chance to have that wonderful experience you should also remember this opportunity also has a risky side.Your dream can be becoming the owner of a stallion which wins at the spring racing carnival Melbourne. However, that dream will never be realized if you are not careful with the decisions you make. Before you become such a part owner of a stallion you should be aware of the risks associated with the task.
Not Scoring Any Wins
If you make the mistake of choosing the wrong stallion you can end up not scoring any wins at all. After a certain time you will not even be able to sell your shares to someone else and find a way out of bearing expenses for such a stallion as no one will want to buy it. You can also not score wins if the company in charge of the stallion is not providing it with proper care and training.
Having to Bear Too Much of an Expense
Usually, anyone who is a part of good horse syndicates has to only bear the expenses which come with the shares they own. If you own ten percent of the stallion you will bear ten percent of the expenses. However, there are times when the expenses you have to bear are actually too much. This happens when the managing partner of the group is not honest with what they charge from you.
No Proper Management of the Group
If the company which is in charge of the group does not do a good job at managing it also you will have troubles. Poor management could result in only some group members gaining their shares of the wins and only some group members having to bear all the expenses. This could also result in poor care and training of the stallion.
Not Getting the Information You Need
As a group owner of the stallion you deserve to be informed about what is going on with your stallion, its health, its training, etc. If the managing partner is good you will be constantly updated with the latest information. If they are not good, you will have to beg to get the information.
You will have to experience all of this if you are working with the wrong company.