New York Claiming Partnership
New York Claiming Partnership
Trained By: Steve Klesaris
To race in New York
- Horse to run at Aqueduct/Belmont/Saratoga unless strategically need to ship
- Steve Klesaris to advise, train, and partner
- Steve Klesaris to partner 50-50 on all claimed horses sharing equally in expenses and purses
- Partnership limited to four shares at $5,000 each (4 x $5,000 = $20,000 plus Steve Klesaris participation of $20,000 equals $40,000 claiming price)
- Training estimated $500 per month per share (partner pays his share of ACTUAL expenses)
- Payment needs to be in hand BEFORE horse can be claimed
- Initial partner investment will be held on account until partnership is filled with five partners
- Initial partner investment will be returned 100% in full if partnership can not be filled with five partners
Details
Why this makes sense: Purses in New York are at historical highs. Horses racing for $40,000 claiming races will be running for $60,000 purses. Because of this trainers notoriously drop better horses in for claiming prices well below their natural level in hopes of winning a lucrative purse. As such New York races continue to be ripe with excellent claim opportunities. Trainers are willing to trade horses for wins. Steve Klesaris is an expert horseman and knows the claiming game as good as anyone on the backstretch. He’s a lifelong horseman and he knows the claiming game inside out. The primary goal of any claiming partnership is to turn a profit and Steve fully understands this. Steve believes in his skills so much that he's eager to partner with us.
Vastly different from a yearling or 2-year-old partnership where we acquire a young unproven horse and then develop it, the claiming partnership is for those that have an interest in instant immediate action. A claimed horse can be running back as quickly as a few weeks for the new partners.
We consulted with our #1 trainer, Steve Klesaris. Steve is fairly active in the claiming game and he frequently claims horses for himself. We’ve known him for 10 years and he has partnered with us on many horses over the years. He personally likes to claim around the $40,000 level in New York. The horses running at that level run for $60,000 purses and, if one can be improved to an Allowance horse, the purses can be over $80,000 to $90,000.
In claiming races the racetrack requires that the cash be in the bookkeeper's account BEFORE the claim slip can be dropped. As such we are required to raise the capital in advance of the claim.
How it works: Hibiscus Stables assembles the claiming partnership. When the partnership fills we notify the trainer. He and Hibiscus Stables scour the entries each day looking for ideal claiming candidates. We drop a claim ticket only on horses that we believe are the best candidates. Upon successful claims we run the horse back in future races with an eye toward purse generation. Partners are kept updated every step of the way.
