THE
VISION & CONCEPT BEHIND TRANS
by
Mike DeVita
Please allow me a few minutes to explain our
stable concept, our experience in horse racing and my vision for Trans Atlantic
Racing Stables.
The partnership is a Limited Partnership.
Shareholders risk is limited to their initial investment in the horse.
We are using this because we are looking to
bring in many people that will experience ownership for the first time. Each
horse we purchase or claim will be set up as its own unique partnership under
the umbrella of Trans Atlantic Racing Stables.
By doing it this way each owner will have a
choice to reinvest or not in another horse after the one they own is sold,
claimed or no longer able to race. No one is ever obligated to buy shares in
another horse with this type partnership. Therefore, if you decided you no
longer wanted to be a racehorse owner you just don’t have to purchase shares in
any future horses.
Once one horse partnership is sold out we start
selling shares on the next one. Partners can own shares in as many horses as
they wish.
I put together these Limited Partnerships
because my vision, my dream is to give many people the opportunity to be part
owner in a racehorse.
A very important factor in our concept is there
are no monthly or quarterly out of the pocket expenses for our partners. This
truly makes owning a racehorse affordable for almost any horse racing fan. Many
racing fans possibly including yourself would love to own a horse but do not
want to risk paying training and other monthly expenses especially if your
horse doesn’t make enough money to cover them. When you are a partner in our
stable you will never have to worry about expenses.
You can compare our stable concept to the same
type situation as when you place a bet. You put your money down and then you
wait to see the race. With our stable you buy a share or two and then you sit
back and wait for the results. Plus just like when you make a wager you get to
root your horse down the stretch and to the finish line, only now it is your
horse!
Since we started Trans Atlantic Racing Stables,
I have had people that own shares in other partnership stables come to us and
buy a share. Some people told me that they own only 1% of the horse in the
other stable but they have to pay a monthly bill and they are not allowed to be
licensed to enjoy the "perks of ownership" such as visiting the
backstretch and barn area, going to the paddock before your horse races except
on race days or special owner days. We allow all our owners to be licensed if
they want to. Of course, please remember some states require you to have a
license regardless of the percentage you own in a horse while others it is an
option depending on share amount owned.
But basically in Trans Atlantic Racing Stables, if you want to hold an
owners license even though the state doesn’t require it, we will let you!
Well, we are treating our partners different. So
when you visit the track where we race and are stabled you will be able to
experience the real thrill of ownership. We understand that because our
partners live in all different parts of the world not everyone will be able to
take advantage of those perks but our stable could very well be the only
opportunity in their lives to own a racehorse.
People are always looking for new and unique
things to own or do, remember pet rocks, hermit crabs and people naming stars
in the sky after themselves or relatives. What could be more exciting for the
horse player, the true racing fan than to own part of a horse? It doesn’t
matter where it races because you, your family, your friends and co-workers
will know that you are an owner in the horse. Please don’t be scared off by our
price per share. Many people can not believe they can really own part of a
horse for so little money.
I could have easily make the share price higher
and sold less shares but I want people to be able to not have to worry about a
large financial risk.
You can feel comfortable about this opportunity
because Trans Atlantic Racing Stables will only work with trainers that put
both the care of the horses and their owners first. Also, I have experience in this type racing
partnership and concept of NOT having partners pay out of the pocket expenses.
While Trans Atlantic Racing Stables made it
debut into thoroughbreds in 2004 starting at Charles Town. We are currently
expanding to Southern California, Southern Florida,
Even though we are relatively new in thoroughbred
racing please do not let that alarm you as I have been involved with horse
racing for 20 years.
My family and I have been involved with harness
racing since 1984. We have worked many a purse arrangement deal with trainers.
A purse arrangement deal is what allows for no out of the pocket expenses.
During the past 20 years we have owned or been partners in over 50
horses during this time period. We have always had an active role in
harness racing and will be doing that in the thoroughbred stable as well. We
still are active in harness racing on a small scale.
The purses are not large enough in
harness racing claiming races to put together these type partnerships for the
horse racing fan, horse player or the horse owner that doesn't want to worry
about monthly expenses. I have this passion to let people experience the thrill
of ownership plus the purses in thoroughbred racing are too good to pass up.
My family has always dealt mostly with
claiming and overnight horses with a little dabbing in the breeding
and yearling game. Horses such as Proper Petunia, Aspen Blue Chip, Ideal
Situation, Keystone Hylite, Keystone Switch, Globetrotter, Skleter, Electric
Storm and many other trotter and pacers. Proper Petunia won over $100,000 as
did Keystone Switch and Aspen Blue Chip over $65,000 with us.
As for our trainers, I choose them because of
their caring nature, passion for the sport and their knowledge as horsemen.
These are trainers that prior to claiming
a horse they have a plan for where we can go with it.
I look for trainers that are stabled right at the track and that is a BIG advantage when you want to claim or
buy a horse. The trainer gets to look, listen and learn. Clocking workouts
and listening to the backstretch buzz on finding the right horses for our
stables.
I know the horse racing game doesn't always work
to one's plan and dreams but what I really like about our trainers is that they
are willing to take the biggest risk of all of us. They don’t make any money
unless the horse earns money which provides much more incentive. These trainers
know what they are up against and one thing for sure no Trans Atlantic trainer
will NOT be advising us to claim or buy something just to collect a training
bill.
Trans Atlantic trainers and I can
afford few mistakes when there is no training bill being paid regardless
of performance. We get paid if we perform. Yes, we understand our partners have
the risk of their initial investment. I also will purchase a minimum of one share
in each horse, thus the 95% maximum. I am putting my money where my mouth is.
With our concept besides no monthly out of the
pocket expenses we are giving back 30% of the earnings regardless of what the
horse makes. It is not expenses first and then the partners. I really stress to
you that my vision is to give many people that can't afford the monthly
training bills the chance to be an owner. Our stable concept gives horse
racing fans an opportunity for them to really enjoy the game from the inside.
We are looking for the right horses to claim,
race them in where they can earn some money and have them claimed from us while
they are still good. Our goal is maximize everyone's return. Keep our partners
happy. But as a horse player or racing fan you know there is nothing that is a
sure thing. So we will try our hardest to make some money with each horse but
the only thing that is guaranteed is that you have the prestige of being a
racehorse owner and you will get a thrill each time your horse heads to the
finish line.
I realize some new owners won't understand why
we would want to have a horse claimed from us while still racing well BUT
when they are broken down and can't race any longer, it is too late. Buy low
- Sell high make a little money for all. Give thrills and prestige and
treat my partners like "kings and queens". This way they will be our
partners and friends for years to come!
Please consider joining us for a share or
two and give us a test run. Of course, when a horse is sold or
claimed from us we distribute 100% of the sale proceeds back to the
shareholders and as I stated before you can then decide to join us again or
choose not to if we weren't what you expected. There is never an obligation to
continue. Of course, if you own any other horses those partnerships would be in
effect until the horse no longer races for our stable.
So please consider giving us a test run. We know
our partners are taking an initial financial risk but we are putting it out in
the open. We make no money unless we make you some money.
Please contact me with any questions! I look
forward to working with you!
Thank you for the opportunity to
explain our concept and my vision to you.
Sincerely,
Michael J DeVita
Racing Manager
Trans Atlantic Racing Stable
TRANS
ATLANTIC RACING STABLES
Post Office
e-mail Mike DeVita
