For some, owning racehorses may be more about love of the game than making a lot of money--but that doesn't mean you can sustain that model over the long haul, owners said Dec. 6.
California Horse Racing Board Chairman Richard Shapiro and owner J. Paul Reddam are among speakers scheduled for "Ownership 101," a free workshop on racehorse ownership Jan. 21 at Santa Anita Park.
A Louisiana legislator said he and his partners received no income or preferential treatment through a deal in which Fair Grounds owners Bryan and Vickie Krantz paid their costs in connection with ownership of two Thoroughbred racehorses, the Times-Picayune reported.
The 2003 Tax Act, recently passed by Congress to stimulate the economy, has several very favorable provisions for the equine industry.
Three Thoroughbred organizations--National Thoroughbred Racing Association, Keeneland Association, and the Thoroughbred Owners and Breeders Association--have joined forces to fund and develop TheGreatestGame, a program aimed at identifying, recruiting, and retaining new owners for the horse industry.
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