How and when is a partnership formed in Kensington Racing Partners?
Partnerships are formed when enough money is raised from investors to acquire 2 thoroughbred horses of specific value. An example; such as a $25,000.00 claimer racing at a major track or a $100,000.00 two year old in training at one of the horse sales. Kensington Racing will issue to the potential investor a registration agreement stating the offering at which time the investor will sign and return it. When enough investors have been acquired, a partnership agreement is sent to all investors who have sent their registration form in and the partnership is formed.
