your chance to experience the thrill of horse racing from a different
created the HorseHats racing club that will make being part of
horse racing an affordable dream. For your $130 you will receive
a membership in the HorseHats Racing Club and a certificate of
club membership. The HorseHats racing club will own 10% of Magical
Star, a two year old colt by Five Star Day currently in training
with Lynn Whiting at Churchill Downs. The majority owner
of Magical Star is John Paul Pucek, previous owner of Victory
Questions and Answers
How Much of the horse will I own?
The HorseHats Racing Club will own 10% of the Horse. Legal Ownership and racing
registration of the Club's horses are determined by the HorseHats Racing
Club’s management, the horse will be registered to HorseHats Racing
Club. Your ownership share is an agreement with HorseHats Racing Club. HorseHats
Racing Club members have no legal title to the business's property.
What are my obligations as a Club Member?
1. You declare that your main interest in being a Club member is the enjoyment
of horse racing and is in no way based on expected financial returns.
2. You accept that free race day privileges are limited in number and may not
necessarily be allocated to you.
3.You agree not to initiate communication with the horse's trainer or majority
owner, all communications should go through HorseHats Racing Club.
4. You understand and acknowledge that horse ownership is a financially risky
proposition, and that you can comfortably afford to potentially lose all money
associated with club membership.
5. You acknowledge that you will have no say in the training of the horse or
the races entered. All decisions related to the management of the horse will
be made by the majority owners. In the event that HHRC's 10% ownership has
a say in the management of the horse, all members will be polled and we will
vote as one unit.
When and where will Magical Star run?
Magical Star will most likely debut in Kentucky. His
trainer, Lynn Whiting, is based in KY. Magical Star is a
New York bred horse so there is a chance that he may run in that
state in the future. Like everything else involved in horse
racing, there are no guarantees about where, when and how he will
Will I earn money if the horse wins?
Yes, purses (if any) will be distributed quarterly to the Club members. The
HorseHats Racing Club will receive 10% of the purses that Magical Star wins
after the Trainer and Jockey have received payment. As an example, if Magical
were to win, the trainer would receive 10% of the purse, the Jockey 10%, and
the HorseHats Racing Club would receive 10% of the remaining money.
Can I buy more than one membership?
Yes, you can.
Is the Horse insured?
The Horse will be covered by mortality insurance which is included in the cost
of the club share.
What happens if the horse is sold ?
The HorseHats Racing club would receive 10% of the sale price and that money
would be returned to its Club members. Again, we must stress that horse ownership
is financially risky and there are no guarantees or promises made or implied
that the Horsehats Racing Club will profit from owning a percentage of Magical
What about training and insurance expenses?
Included in the club membership is approximately one years worth of training
and insurance expenses. If the horse is still in training after that date,
the club will be required to contribute more towards training and insurance
expenses. Each club member will be required to pay additional money to cover
these costs should they occur.
Do I get free admission to the racetrack when Magical Star
No. However, the HorseHats Racing Club will allow up to 10 people access to
the paddock prior to the race, and of course all are welcome in the win pictures!
Certain racetracks may restrict the number allowed in the paddock prior to