New Mojo Partnership!
April 15, 2012
Mojo Racing Partners announces an easy and affordable opportunity to own part of a racehorse for only $500!
forming a new general partnership to raise funds to claim and run a
thoroughbred racehorse at
the 2012 Lone Star Park Meet.
excited to offer this opportunity,” said Fred
Managing Partner. “We
set up this new partnership to clear a path to help
people get into
the game without all of the financial hurdles. Mojo’s friendly boutique partnership
structure provides racing fans of all walks of life an opportunity to
own part of a racehorse when they may not otherwise be able to afford the initial cost or
don’t want the burden of the monthly fees."
Mojo’s new general partnership will offer 4%
shares for $500 (each). There
are no monthly fees
subscription price is paid. The only things each
person may have to pay based on their vested percentage are any
additional medical, insurance (if purchased), and expenses incurred
related to racing this horse (not to exceed the value of the horse)
that aren't covered by purse money earned. You
can pay with cash, certified check,
or credit card. (See additional
Participation Rules* below.)
Visit Become A Partner to learn more about this opportunity.
Mojo Racing Partners was founded in 2006 to prove that having fun; enjoying all the aspects of ownership; and upholding the highest standards in the Thoroughbred Racing Industry can be done for a fraction of the cost. "We don’t pretend to be everything to everyone, and we aren’t trying to compete against the ‘Big Boys’ racing syndicates,” Fred says. “We want to give people an easy, affordable, fun, and low risk (financially) alternative to experience this great sport. And, our Concept and Mission are designed to, first, provide the best care for our horses—before, during, and after their racing careers; set a good example for the industry; and provide a unique/educational experience for our Partners. By offering this type of service, we believe there can be win/win memories that will last a lifetime."
prospective general partners are encouraged to read, understand, and
ask questions about
the Partnership Info
and Partnership Conditions
before joining. This
new partnership’s term is scheduled to last through the end of
the 2012 Lone Star Meet (July 8, 2012), if the horse is claimed, or if
the horse is unable to race. If
the horse's ability merits racing beyond the term of this general
partnership, then the term may be extended; additional Capital
required (in accordance with each Partner's respective percentage); and
a new subscription document will be issued. A maximum number of 25
shares will be offered for this new general partnership (no controlling
interests). If 10 general partners are not
obtained by May 15, then the Managing Partner will decide if this
partnership proceeds or is discontinued. All funds received from
partners will be refunded in full if this venture is discontinued. If the new partnership moves forward, there
will be no refunds for the subscription payments--this is to protect
the interests of the other general partners. A
prospective partner can pay in cash (U.S.
Dollars), by certified check, or by credit card. There is a 2%
transaction processing charge to use a credit card. To participate, each person
must fill out a fully completed Subscription Document and submit it
their payment to the Mojo Racing Partners Headquarters.