Page 5 - The Greatest Two Minutes Neat
P. 5
“DON’T BE AFRAID”
Goodwood Racing, a for-profit Limited “Buying into the partnerships is a
Liability Company (LLC) founded in 2010 very good way to diversify your
and is headquartered Odessa, Florida risk and diversify the expense,”
is the syndicate arm of Cibelli Racing. Flynn says. “It’s also a really good
Jane is fully vested in every partnership way to learn about the business
of Goodwood Racing and prepares and in the beginning for those a little
works with the yearling purchases through tentative about getting involved in
all stages of their career and retirement. horse racing and learning all the
details. You have to have a group
Clients have comprehensive access of horses to be successful; you can’t
to information, guidance and services. just do it with one.”
When a horse is racing, Goodwood
Racing provides past performances, Cibelli typically purchases yearlings in the
direction for accommodations, reserved range of $20,000 to $100,000, (the yearly
seating, or a box. The company controls Goodwood budget is $150,000). “We are
its own vans, so Goodwood’s horses value shoppers”, continued Flynn.
have great flexibility in where and when
they race.
The program, with its specialized
personnel, is designed for optimally
efficient management and care of horses
on a daily basis. Through sound business
practices, strong relationships, honesty,
and good humor, clients know the
progress of their horses at all times.
The Goodwood partnerships typically
start at 10% ($15,000) with any partner
having the ability to purchase more shares
if available. Jane always purchases one
share for herself and Margo as managing
partner. Goodwood Partnerships always
consist of three horses.