Mojo News and Notes

  • New Partnership!
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New Mojo Partnership!

April 15, 2012

Photo by Fred Taylor

Mojo Racing Partners announces an easy and affordable opportunity to own part of a racehorse for only $500!

Mojo is forming a new general partnership to raise funds to claim and run a thoroughbred racehorse at the 2012 Lone Star Park Meet.

"We are very excited to offer this opportunity,” said Fred Taylor, Mojo’s 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 actually 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 once the 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 Background

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."

Participation Rules*

All 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 Contributions will be 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 prospective 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 along with their payment to the Mojo Racing Partners Headquarters.

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