Trojan Racing Stable

Below is an example of a five member LLC. Barber is owned by five different members. Each member owns 20% or 2 shares.

Value of the race = $52,318.00

Percentage earned by winning horse = 60%

Winner’s % @ 60%                                  $31,390.80

Trainer’s win %@10%                               $3,139.08

Jockey’s win % @ 10%                              $3,139.08

Trojan Racing  % @ 10%                         $3,139.08

                                                                      $9,417.24

$3,139.08 (3) = $9,417.24

Winner’s % = $31,390.80- $9,417.24 = $21,973.56

The total purse money after trainer, jockey, and TRS stable deduction = $21,973.56 divided between the five Members.

Each individual member's gross earnings are: $4,394.71

$85.00/day @ 30 days = $2,550.00 /5             $510.00

Veterinary $1,300.00/month /5                          $260.00

Blacksmith $150.00/month /5                           $30.00

Management Fee $10.00/day                         $300.00

                                                          Total= $1,100.00 for 1 month’s expenses.

Gross purse earnings@ $4,394.71 and monthly expenses @ $ 1,100.00 net earnings for one month @ $3,294.71

Below is an example of a financial report for a six Member LLC. The horse’s name is Tarlow. The horse cost $50,000.00 Two members originally purchased 2 units @ $10,000.00. One member purchased 3 units @ $15,000.00 and the three other member's each purchased 1 unit @ $5,000.00. Therefore, the ownership distribution is the following:

Two members @ $10,000.00 each own 20% or 2 units.

The one member @ $15,000.00 owns 30% or 3 units.

The three members @ $5,000.00 each own 10% or 1 units.

Value of the race = $250,000.00

Percentage earned by winning horse = 60%

Winner’s % @ 60%                                $150,000.00

Trainer’s win %@10%                              $15,000.00

Jockey’s win % @10%                             $15,000.00

Trojan Racing  % @ 10%                       $15,000.00

                                                                    $45,000.00

$15,000.00 (3) = $45,000.00

Winner’s % = $150,000.00- $45,000.00  

  $105,000.00

The total purse money after trainer, jockey, and TRS deduction = $105,000.00 divided between the six members according to their percentage/unit(s) of ownership of Tarlow.

First member who owns 20% of Tarlow will receive @ 20% ownership                                      $21,000.00

Second member                 // // // // // //                           $21,000.00

Third member who owns 30% of Tarlow will receive@ 30% ownership                         

$31,500.00

Fourth member who owns 10% of Tarlow will receive @10% ownership                                      

 $10,500.00

Fifth member               // // // // // //                                 

$10,500.00

Sixth member  // // // // //                               

$10,500.00

                                                                  $105,000.00

$85.00/day@ 30 days @ 20%                        $510.00

Veterinary $1,300.00/month @20%                 $260.00

Blacksmith $150.00/ month @ 20%                $30.00

Entry Fee 2,200.00 @ 20%                            $440.00

Management Fee $10.00/day                        $300.00

                                                          Total= $1,540.00 for one month’s expenses @ 20% ownership

Gross purse earnings @ $21,000.00 and monthly expenses @ $1,540.00 net earnings for one month @ 20% ownership     

(2 units) = $19,460.00

$85.00/day@ 30days @ 30%                         $765.00

Veterinary$1,300.00/month @ 30%                 $390.00

Blacksmith $150.00/ month @ 30%                $45.00

Entry Fee $2,200.00 @ 30%                          $660.00

Management Fee $10.00/day                         $300.00

                                                           Total=$2,160.00 for one month’s expenses @30% ownership

Gross purse earnings @ $31,500.00 and monthly expenses @ $2,160.00 net earnings for one month @ 30% ownership     

(3 units) = $29,340.00

$85.00/day@ 30days @ 10%                         $255.00

Veterinary$1,300.00/month @ 10%                $130.00

Blacksmith $150.00/ month @ 10%                $15.00

Entry Fee $2,200.00 @ 10%                          $220.00

Management Fee $10.00/day                         $300.00

                                                           Total=$920.00 for one month’s expenses @ 10% ownership.

Gross purse earnings @ $10,500.00 and monthly expenses @ $920.00 net earnings for one month @ 10% (1 unit) ownership = $9,580.00

Trojan Racing Stable

For more information regarding Two-Year-Olds in Training Sales please contact:

Director of West Coast Operations

Tom Specht

ph:707-889-2434