Of Horse

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Emerald Downs Now Lets You Own Part of a Racehorse for $500 a Year
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Emerald Downs Now Lets You Own Part of a Racehorse for $500 a Year

Emerald Downs is a thoroughbred racetrack in Auburn, Washington. It was started in 1996 replacing the Longacres Racetrack which was closed in 1992 after sixty seasons of racing. It has a one-mile oval racetrack which is made up of washed rock, geotextile fabric, course sand, and one-component track material. It has various other facilities ranging from a grandstand to an equine hospital.

Drawbacks of Owning a Racehorse

A major drawback of owning a racecourse is the expense of maintenance which is very high. This requires investments and unfortunately, the number of people keen on spending a large amount of money on racehorses is slowly diminishing.

The problem to this lies in the fact that with the arrival of motor vehicular innovations, horses just aren’t an integral part of the human culture anymore. Sadly, people find it more exhilarating to watch cars do laps around a track than to sit and watch horses races around it these days. People invest more heavily in racecars than they do on racehorses.

We are slowly phasing horses out, from our culture. And this is what Emerald Downs is preparing to take on.

Emerald Racing Club

Emerald Downs started The Emerald Racing Club as a first step to reviving interest in horse racing and gives them a share of the experience of owning a racehorse to make them feel like they are a part of it.

The concept of what the club offers is simple to understand. For $500 a year, a person can own a portion of a racehorse. They get admission to the entire season for free along with paddock access on race day. They all get access to the backstretch area to watch their racehorse train. The winnings of the racehorse are evenly split among the shareholders. The clubs aim is to get a minimum of 50 people to join in and will accept only up to 200 members. The horse will be trained by Emerald Downs’ trainers Larry and Sharon Ross.

The good thing about this is that people from middle-class families with low to moderate incomes can now be a part of an experience which was usually only shared by the rich and the elite. Through this Emerald Downs hopes to make horse racing more inclusive to all the sections of the society and seeing as things are going, they probably will.

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