Since Zilla Racing Stables was founded in 2012, transparency has been the cornerstone of how we operate. We pride ourselves on providing our partners with timely, accurate information to maximize the ownership experience.
In offering fractional ownership, we are often asked how the price structure is set and, more specifically, why the total cost of the shares exceeds what we paid for the horse. As with anything you purchase, there are many reasons for that, which we will highlight here.
When ZRS buys a horse, we also incur acquisition expenses, such as bloodstock agent’s commission, veterinary expenses, including X-ray review and scoping on every horse on our short list, mortality insurance, and expenses related to working the sales. Once we complete the purchase, there are other costs related to marketing and promotion in order to acquire the capital necessary to fully syndicate a new purchase.
Our offering prices include a one-time management fee, which accounts for managing the horse’s racing career as well as maintaining constant communication with our partners. In addition to covering all the acquisition costs, assigning a reasonable mark-up on horses ensures that ZRS has the capital necessary to enhance and grow our operation.
We are committed to striking a balance between making ownership accessible to people with a wide range of financial capacity while striving to compete at the highest levels in this great sport.
Winning isn't easy. While the majority of racehorses lose money and many barely break even, we assure you our team prides ourselves in knowing what kind of performance we can expect our horses to deliver and we have a strong understanding of race placement. Our results have and will continue to prove that.
As of September 24, 2020