Since we were founded in 2007, Funky Munky Stable has offered the unique opportunity to participate in both thoroughbred racing and harness racing through fractional ownership, all under one roof. Funky Munky Stable invites you to join our racing family and become a partner in one (or more) of our thoroughbred and/or harness racing partnerships. By partnering with Funky Munky Stable, you can experience all the excitement and thrills of horse racing at a fraction of the cost if you were to purchase and maintain on horse on your own. We race our thoroughbred partnerships primarily in New York on the NYRA circuit (Aqueduct, Belmont, and Saratoga), while our harness partnerships race predominantly at New York, New Jersey, and Pennsylvania tracks.
Partnerships Offered
Traditionally, Funky Munky Stable offers two types of partnerships throughout the year on an annual basis.
Yearling Partnerships are formed beginning in August of each year where we will look to acquire a yearling (preferably a New York bred) at one of the predominant Fall sales in September or October.
Claiming Partnerships are formed throughout the year where we will look to acquire a horse in the $25,000-$40,000 range, that is already racing on the NYRA circuit that we believe has more untapped ability or upside than what is currently coming through in their previous results.
If partner demand calls for it, we would look to add additional partnerships (claiming, two-year old, or yearling) depending on the time of the year.
Communication
Funky Munky Stable prides itself on providing consistent communication to our partners regarding their horse. Partners will receive regular updates via email regarding workouts, entries, and result information for their horse. Partners are also encouraged to follow us on social media on our Facebook, Twitter, and Instagram pages for additional information, updates, photos, and videos.
Additionally, FMS management will gladly help you set up a Virtual Stable on Equibase which will notify you each time your horse is entered, records a workout, or has new race result. Our goal is to keep our partners informed and aware of the latest developments regarding their investment.
Partners receive expense reports quarterly. This enables our partners to see exactly where their money is going and how much money is in the partnership account. All of the partnerships are operated as separate LLC’s (Limited Liability Company) with their own bank accounts. Funky Munky Stable DOES NOT commingle partnership accounts with one another.
Overview
Partnerships have become the premiere way to racehorse ownership, giving ownership opportunity to those who never had access to it and to those who never though it was possible. Whether a partner owns 2.5% or 100% of a racehorse, the excitement that one feels when your horse comes driving down the stretch towards the finish line is the same, and unmatched.
Our management team along with our trainers, are committed to placing our horses where they have the best chance to be competitive and earn significant purse money, all with the goal of winning the race.
Partners pay their ownership percentage of the ongoing training expenses. Every three months (each quarter) we will invoice for the training expenses so there is money to cover expenses in the partnership’s account. However, we take into account how much in purse earnings the partnership’s horse earned in the previous quarter, to determine how much is will actually be billed for in the next quarter. If the horse earned more than is necessary for the next quarter, then the partners will receive a check for their percentage of the overage.