Finding The Right Syndicate For You-Part 2, Presented By Taylor Made Partnerships

The Midwestern sage, Mark Twain espoused, “The secret of getting ahead is getting started.” Nothing could be more apropos when considering joining a Thoroughbred racehorse partnership.

Getting started is the hardest part for most prospective owners. The world of Thoroughbred racing can seem as inaccessible as the Churchill Down's Turf Club on Derby Day. The good news is joining a partnership makes getting started easier.

In the first part of this series, we provided basic information such as investment levels, tax considerations and the entertainment value partnerships offer.

In Part 2, we will provide insights into the experiential considerations that can make your personal journey into ownership more valuable.

Owning More That 5%

You should always begin by considering what is going to be financially comfortable for you. If your investment level is below $1,000, your focus should be directed toward micro-share opportunities like MyRacehorse, Wasabi Venture Stables, or a racing club at your local racetrack. These vehicles offer participation for as little as a couple hundred dollars and generally offer less than 1% interest in a horse. Micro-share partnerships rarely present any financial windfalls, but do give you the excitement of participation and a friendly conversation starter at your next social event. They also make great gifts for a horse lover in your life.

If you are comfortable in investing $1,000 or more, look for an opportunity where you can buy in for at least 5%. Truth be told, percentages have their privilege in Thoroughbred ownership. We all know that 5% of a $10,000 claimer is quite a bit less than 5% of a $1 million yearling.

What you may not know, there are significant benefits of being at least a 5% partner. Owning 5% means that most racing jurisdictions will require you to become a licensed owner. Once you are licensed, you now have access, and access is where the real fun begins.

Trainer observing morning workouts | Coady Photography

With a state-issued owner's license, you typically will have access to the stable area and your horse. Watching morning workouts, spending time in and around a functioning training operation, and gaining insight into how the stable area operates are a handful of the most fascinating activities an owner can experience. Feeding carrots and treats to your horse can be worth the price of your investment alone.

On race day, you will have access to the paddock area to see your horse prepare to head out to the racetrack. The paddock is where you can interact with your jockey, trainer and other partners. Most racetracks also offer owner privileges like free admission, free programs, reserved seating areas and invitations to special events. These perks are part of your return on investment and an enticing incentive to own at least 5% of a racehorse and becoming a licensed owner.

The Partnership Personality

You are now at the point where you are hungry to get started. Do not make the mistake of buying the proverbial sizzle of a partnership… you want the steak. What a partnership portrays in advertising or by the general partner may not be what is served. You need to learn about the partnership's personality, in other words, where the meat is. How does the partnership communicate with its owners? How often does the partnership send out updates on horses? Do they use social media, e-mail, or other platforms? What level of input will you have?

Some general partners are great at taking input, others prefer to remain focused and rely on their own experience and skills. If you are a person that likes to socialize, do not hesitate to ask what events, or get togethers, are typically planned. Talk to current partners and get their feedback while simultaneously gaining a sense of whom you will be sharing the experience. Part of your return on investment are the relationships you develop. Simply make sure you get the steak and not just a bunch of sizzling mushrooms.*

Geography

Most partnerships run their horses at specific racetracks or on a circuit. You need to determine if you are ok with watching your horse race on the computer or if you want to go to the racetrack and enjoy watching your horse race live. There are racetracks that are great for bringing friends and family with you and others that do not make the greatest first impressions.

California racing | Benoit

Where you live or where you are willing to travel is important in how immersed you can get into ownership. Living in Missouri does not mean you should not own a racehorse, it just means you may have to travel more vs. someone that lives in Southern California. Conversely, if you are solely interested in a financial return on your investment or are allergic to hay and hate the smell of manure, seeing your horse in person may not matter. The bottom line is: know where your horses are most apt to race and determine it if falls in line with what you are seeking.

The Mission

There are partnerships for breeding, buying yearlings, pinhooking, buying two-year-olds, claiming, and everything in-between. What is best for you is a choice. Start by asking yourself if you like action or if you are willing to be patient and potentially end up with a Kentucky Derby horse. Most new owners benefit from getting involved in a claiming partnership first.

With these partnerships, you can make your investment one day and be at the races to watch your horse run within weeks. Typically, new owners start in a claiming partnership, move to buying into unraced younger horses, then yearlings and down the road becoming part of a breeding opportunity. All are available to you with partnerships and you will be learning and becoming more adept along the way.

The Cherry On Top

An area that has become especially important to new owners coming into the sport, and rightfully so, is aftercare. Prospective new partners should ask, “What will happen once our horse is done racing? Can we still follow our horse after it retires?” Do not hesitate to ask these questions about any partnership you are looking to get involved in.

Some partnerships have aftercare programs in place, some have aftercare organizations they work with, and others unfortunately have no answer to this question. When you buy a Thoroughbred racehorse, you will discover an intrinsic connection to the horse, it is inevitable. Making sure you participate in a partnership that cares for their horses after their racing career is over is to be applauded and supported.

Wonder Wheel | Sara Gordon

The path to becoming a Thoroughbred racehorse owner has never been easier. Partnerships have led the way in making ownership more accessible to everyone that loves horse racing or horses.

Finding the right partnership for you is a process, a process that hopefully has been made simpler by knowing what to ask, what to look for, and what really matters to you personally.

Note: a mushroom is a term in racing is often referred to an owner who is kept in the dark and fed manure.

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The Road Back: Joshua Franks, A Story Of Horses, Hope And Healing

Stable Recovery is a rehabilitation program in Lexington, Kentucky that provides a safe living environment and a peer-driven, therapeutic community for men in the early stages of recovery from drug and alcohol addiction. Along with going to 12-step meetings and support groups, residents attend the School of Horsemanship at Taylor Made Farm to learn a new vocation in the Thoroughbred industry. The School of Horsemanship is a project that was created by Taylor Made two years ago and has since seen over 100 men go through the program. Many of those graduates have gone on to pursue a career in an equine-related field. Spy Coast Farm, Brook Ledge, Hallway Feeds, Will Walden Racing, Rood & Riddle, WinStar Farm and Godolphin have recently partnered with Stable Recovery as the program looks to expand its reach throughout Lexington.

In this month's installment of TDN's series, 'The Road Back,' we introduce you to graduate Joshua Franks, now program coordinator for the School of Horsemanship.

When Joshua Franks speaks about horses and the impact they've had on his life, the passion reverberates through every spoken word.

But it was only a year and a half ago that Franks first laid a hand on a horse, a moment he remembers vividly.

“It was at Keeneland, in Barn 10, and the horse was Big Lake [American Pharoah]. It was like I touched a ghost. Walking up to that horse, it was just magical.”

It marked a turning point in Franks's life. A page was opening to the start of a new chapter, one driven by faith, purpose and passion, that would pave over a past marred by drug addiction and incarceration.

Taylor Made Stallion Complex sign | Sarah Andrew

“I was born in California, but my mom and dad separated at a young age and then my mom moved back to Kentucky, so I grew up in Boone County. I lived with a single mom and two younger brothers. We lived in poverty,” said Franks. “In my household, I didn't grow up with goals. My mom didn't know how to love, there wasn't a lot of love in the home, so growing up, I felt lost and alone. I got addicted to drugs at a young age and from there it spiraled out of control.”

His issues with drug use eventually led him to prison, where he served a 10-year sentence. After he was released in 2020, he entered Recovery Works, a comprehensive inpatient addiction treatment center in Georgetown, Ky. It was there that he heard about Stable Recovery and its partner, the Taylor Made School of Horsemanship.

At this point, according to Franks, God stepped in. Because though he'd fallen down a path that many don't come back from, the light that kept him going was a hope that one day he would end up working within the Thoroughbred industry in some capacity. And the inspiration behind that? It was none other than the queen herself, Zenyatta (Street Cry).

“I believe she kind of changed the whole direction of my life. I used to watch Zenyatta race and she was electric. She touched me in a way that I can't even describe. She would bring tears to my eyes. Every hair on my arm would stand up when I watched her, and when she lost her last race, it just captured my heart,” said Franks. “I always wondered how to get here, how to get to Lexington to work with horses, but I never had that outlet. I think God knew in the depths of my heart what I truly loved. He met me where I was.”

Franks came to Taylor Made to enter Stable Recovery and partake in the School of Horsemanship program in July of 2022, soaking up everything he could in the barn and on the farm, before graduating and heading out to join fellow School of Horsemanship graduate Will Walden at the track. He worked as the foreman of the young trainer's stable, a time highlighted by a first stakes victory for the Walden team when Kate's Kingdom (Animal Kingdom) took the 2022 My Charmer Stakes at Turfway Park.

Joshua Franks | Kelcey Loges/Taylor Made Farm

Though Franks did struggle with a two-day relapse while on the road, he returned to Taylor Made last December to continue to work on himself, his sobriety and his career as a horseman.

“I think God took my pain, with addiction and all of that, and gave me something that would really touch my heart. It's really special,” said Franks.

Things have come full circle for the 37-year-old, who now works full-time as the program coordinator for the School of Horsemanship.

“The biggest thing about this program is that we're trying to help people stay sober. It isn't necessarily about trying to change the horse industry, you know that comes with it along the way, but first and foremost we want to save lives,” said Franks. “The best advice I'd give people is to seek God and trust God. That's something I've done every day. I hit my knees, day and night, and throughout the day. He's developed something that's astronomical for a guy like me.”

Franks spends day in and day out with the men in the program that spans 90 days, teaching recovering individuals' life skills and employable skills through working with the horses on the farm, participating in support groups and attending 12-step meetings.

“When they come in, I try to lead them in recovery first and then into horses. I tell them all the time, 'This job will always be here.' When it comes down to it, I want them to stay sober and develop a good foundation,” said Franks.

One of the most crucial aspects of the program is instituting structure, something that a lot of the participants have never had in their lives. During the program they go to work daily, from 7 a.m. to 4 p.m., while also keeping up with a schedule throughout the week that includes Monday Motivation classes, School of Horsemanship meetings on Wednesdays, Community meetings on Thursdays and in-house meetings, called 'Off to the Races,' on Saturdays.

“A lot of us didn't grow up with that stuff, we didn't grow up with structure, so it's a really intense 90 days. This program is like no other. [CEO] Christian [Countzler] is very stern, he expects things to go a certain way, which I appreciate. I've been other places where as bad as it is, there's drugs filling these places, there's no accountability, while here, Christian demands that. All the outside issues, we don't have to deal with those. We're here to recover and to help each other recover,” said Franks. “It goes hand-in-hand with how detailed the horse industry is. From the way the blankets are folded, to bandages, to medical charts, to bringing your horses in in the morning and checking to make sure they're well, with no cuts or swelling. It all comes down to structure and accountability.”

As much as the program places an emphasis on the individual's well-being and progress in their journey to sobriety, it also helps them build comradery and a recovery network amongst their peers and the staff.

Joshua Franks | Kelcey Loges/Taylor Made Farm

“What I try to do in my barn is to gain momentum behind guys, find out what they're good at and team build around them, getting them pointed in the right direction. Getting them to work together, lean on each other, that's important. Sometimes throughout the day I might stop the barn, get them all together and rally them. I think momentum is key with recovery,” said Franks. “When they get out of treatment, most of them haven't seen the doctor, or maybe they have court stuff going on, so we try to get all of that taken care of in those 90 days. That way, when they gain full-time employment, they already have that foundation set.

“They come in here broken, they need to feel good about themselves, so I try to place them in good positions to help build themselves up.”

Franks, who is just days away from celebrating his one-year anniversary of sobriety on Dec. 24, admits that if he'd told his younger self that this is where he'd be at this point in his life, he would have never believed it. But when he looks back on the places he's been, a valley of lows and lower, Franks knows he has found renewed purpose and a true home in the presence of horses.

“I heard Will Walden say this and it's so true: the horse doesn't ask where I'm from or what I've done, they accept me as who I am. They are the heroes. They are the therapeutic value in this thing for guys like me,” he said. “What I've noticed is that most of your broken souls don't have any family support, just like myself when I came into this. My mother is deceased, my father is deceased, I never really had family growing up, that was nonexistent, so the horses became my friends. It was tough for me sitting here when they would have family days and I would have no one show or call, but the horses, they're the ones that were there for me.”

If you come out to Taylor Made and look around, you'll likely see someone working on the farm that is in recovery. But it's not until you've seen a man working with a horse, standing there with a glimmer of hope in his eye, that you understand the true impact of the program developed by Frank Taylor and Countzler.

A shining testament to that, Franks gives the utmost credit to the program, Taylor Made and the Thoroughbred industry as a whole for where he is today.

“Nobody could put this together but God. He takes our pain and he develops it into something magnificent,” he said. “I will say this. Though I loved her dearly, my mom and I weren't close and she didn't know how to express her love. But the only thing I knew about my mom was that her favorite animal was a horse. I'm not sure if that was passed on to me, but I do believe she looks over me every day on this farm.

“Everyone has been so supportive of Stable Recovery. This is a non-profit organization and to know that there are people around the world that care about us enough to help get us back on our feet and heading in the right direction, it's special. I'm very grateful.”

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What Was Your Favorite Moment Of 2023: Clay Scherer

As 2023 draws to a close, the TDN is asking industry members to name their favorite moment of the year. Send yours to suefinley@thetdn.com

Echo Zulu winning the GI Ballerina S. She put on an impressive performance. I've always been a fan of hers. She's a hell of a horse. Exceptionally fast and a generational defining talent.
–Clay Scherer, Bloodstock Agent

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NY-Bred Firster Looks To Give Arrogate Another Japanese Winner

In this continuing series, we take a look ahead at US-bred and/or conceived runners entered for the upcoming weekend at the tracks on the Japan Racing Association circuit, with a focus on pedigree and/or performance in the sales ring. Here are the horses of interest for this Saturday running at Nakayama Racecourse. The feature of the weekend is Sunday's fan-voted G1 Arima Kinen, the preview for which will appear in Saturday's TDN:

Saturday, December 23, 2023
6th-NKY, ¥13,720,000 ($96k), Newcomers, 2yo, 1800m
BLUE WHIRL (c, 2, Arrogate–Ignite, by Jump Start) is the first foal from a stakes-placed half-sister to MSP Instructor Kunu (E Dubai) and MSP Belial (Tritap) and looks to become the 15th winner from 17 Japanese starters for his sadly departed stallion. A $90,000 purchase as a weanling by McMahon and Hill out of 2021 Fasig-Tipton Saratoga Fall Sale, the dark bay colt was led out unsold on a bid of $140,000 at last year's Keeneland September sale. Takeshi Yokoyama, who will finish third in this year's Japanese jockeys' premiership, has the riding assignment. B-The New Hill Farm (NY)

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