What is Red Storm Stable?
Red Storm Stable, Inc. is a horse racing management company set up to allow individuals the opportunity to enjoy the thrill of Thoroughbred ownership by purchasing Units in quality racing prospects. Each horse, whether it is purchased as a yearling, two-year-old in training or as a horse of racing age, is owned by its own LLC consisting of Red Storm Stable, Inc. and the individual investors.

Why do you form a LLC for each horse?
The Limited Liability Company affords the perfect combination of liability protection for Red Storm Stable clients coupled with a mode of operation that allows maximum tax benefits.

Who selects the horses?
We have an excellent team, with proven success in the selection of top-quality racehorses. All members of our auction team have spent many years in the business and have enjoyed great success buying top level horses for mid level prices.

How much does a horse cost?
Of course, prices vary. Red Storm Stable has purchased horses for as little as $17,000 and as much as $235,000. Depending upon the individual horse and the horses athleticism and disposition we establish a value and remain discipline to this value. For our racing partnerships we believe the best value and opportunity for a profitable venture exists for horses that bring between $50,000 through $150,000.

What are the monthly expenses?
A Thoroughbred costs about $3,000 a month to keep in training at a major track in the United States and Canada. This is another reason why it makes more sense to invest in a higher end horse than an inexpensive claiming horse. The related expenses are the same at all levels but top quality Thoroughbreds run for much higher purse money. Lay ups and time off at the farm cost considerably less, roughly $800 a month.

How are expenses for training, etc., handled?
Partners pay expense costs proportional to their ownership in the LLC. Expenses for each member of the LLC will be billed in advance quarterly.

How are purses distributed?
Red Storm Stable will disperse any purse monies within 10-14 days of the race.

What are the risks involved in Thoroughbred ownership?
Equine athletes, like their human counterparts are susceptible to injury. Some of the risk can be alleviated through proper management but it is never eliminated.

Should I buy a large piece of one horse or smaller pieces of several horses?
Red Storm Stable strongly believes in diversification. We recommend owning smaller interests of more horses rather than a large percentage of a single Thoroughbred.

What are the benefits of Thoroughbred ownership?
Free admission and seating on race days are just the beginning. The pride of ownership begins with your first visit to the barn and swells to an incredible crescendo when your horse storms home to victory. There is really nothing comparable in all of sports.

Are there any tax advantages to owning a racehorse?
Yes. Recent tax law changes have made Thoroughbred ownership more attractive than ever. We recommend that you discuss the benefits with your tax adviser.

Are the horses insured?
Red Storm Stable does not provide insurance for your racehorse but each individual investor can insure their share. Contact our home office if you need assistance with insurance.

Does Red Storm Stable charge a monthly management fee?
Unlike some other partnerships Red Storm Stable does not earn any percentage of purse monies won.  Therefore for our efforts we are compensated by charging a monthly management fee of $500.