Frequently Asked Questions

How are the partnerships formed?

We form a separate LLC for each partnership offering, whereas we act as the Managing Member.

How many horses are in each individual partnership offering?

That will vary from each offering. Generally with the flat racing partnerships they will contain one or two horses in each separate offering. With the steeplechase partnerships we will offer anywhere from one to three horses in each offering.

How many members are in each partnership?

We offer ten ownership shares of 9% each. We at Holston Hall retain a 10% equity interest in

every partnership offering. Partners are also encouraged to buy more than one share in each

offering if they desire to do so. Sometimes we will retain a larger portion of each individual horse ourselves and be financially responsible for that undertaking. With that being said there can be up to ten involved in each offering.

Who will manage the partnerships?

The partnerships will be managed by Russell Haynes, and he will be in charge of all the day-to-day decisions for the partner’s convenience. The ending of a partnership will be discussed by all partners thoroughly and a majority vote will be the ultimate deciding factor.

How do I find out about partnership shares offered by Holston Hall when they become available?

If you are interested in becoming an owner with Holston Hall now or in the future, we will add you to our partnership offering mailing list. All offerings will be sold on a first come first serve basis. We will always be happy to help advise each person as to which partnership may perhaps suit them best and fulfill their ownership goals.

When I join a Holston Hall partnership what am I paying for, and what financial obligations will I have?

The cost of a share will go toward the purchase price of the horse or horses as well as training and expenses associated with each partnership. With our yearling and two-year-old purchases, the share will cover all expenses until the end of the horse’s two-year-old year. After that, each partner will be billed quarterly in advance for their share of the partnership training expenses. With the steeplechase and older flat horses purchased, the share price will include training expenses for six months. After that, each partner will be billed quarterly in advance until the partnership is resolved. For our Steeplechase horses that will usually average between six to eight hundred dollars per share each quarter. Any excess money from the estimated expenses or prize money earned can be deducted from each partners total due when the quarterly advances come around. With our management of each horse’s racing career, our goal at Holston Hall is to have horses pay their own way with prize money from earnings. Since we cannot ultimately guarantee that, we have this model in place for everybody’s convenience.

How do I know what my money is being spent on?

We are happy to provide a detailed breakdown of the expenses involved with any partnership each Holston Hall owner is involved in.

Can I expect to make a profit on my partnership share?

The short answer is no. We pride ourselves in being very up front about the fact that every partner in Holston Hall should be joining for the sole reason of enjoying owning a Thoroughbred race horse and the lifestyle that comes along with it. We do our best to put partners in a position to be able to return a profit on their shares. It can—and does happen, but overall any shares purchased should be looked at as a lifestyle investment.

Are there any tax advantages?

There can be depending on your financial situation. We ask that you please consult your

accountant or financial advisors in regards to all tax matters involving your partnership shares.