How are partnerships ended?
Partnerships can be ended in multiple ways. The most lucrative of these is through a successful racing campaign culminated by a colt being retired to stud or a filly sold at auction as a broodmare. Other successful horses may be sold privately if a majority of the ownership interest in the horse votes to accept an external offer. Typically a horse is raced as long as it is competitive and able to provide returns to the partnership. If a horse fails to compete at the level desired by the partnership the manager may recommend that the horse be entered in claiming races. If a horse is claimed, the partnership is ended. Finally, if a horse fails to thrive as a racehorse, develops an ailment that prevents future racing, or injures itself to the point of halting its racing career, then the partnership will entertain selling the horse or simply giving it away to a good home. If the horse is to be given away, a member of the partnership can ask to take or place the horse.
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