FAQs
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What is Don’t Tell My Wife Stables?
We form and manage Thoroughbred horse racing partnerships that have NO MONTHLY BILLS, and where Members participate within a Limited Liability Company.
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Why Limited Liability Companies?
As an LLC, the liability is limited for each individual Member, and the Member's assets are protected. The LLC also prevents double taxation.
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What is your track record?
We have a proven track record of success, and partner with industry expert Keith Desormeaux who is our in-house trainer and bloodstock agent. Don’t Tell My Wife Stables management team and Mr. Desormeaux have over 45 combined years of racing experience.
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Who bears the operating expenses?
Our trainer is responsible for all expenses, and we revenue share purse money won with him.
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Where do your horses race?
Our horses primarily compete at racetracks throughout the State of Louisiana. Tracks such as Louisiana Downs, Fair Grounds, Delta Downs, and Evangeline Downs. However, there may be occasions where horses may run at tracks in other States.
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How much does it cost to enter a race?
Claiming races and Allowance races are free to enter. The only costs are jockey fees and the pony to post fee. Stakes races typically have nomination fees, entry fees, and starter fees.
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Who selects the horses and makes the racing decisions?
Since our trainer is responsible for all the monthly expenses, he selects which horses to acquire and decides which races to enter. The trainer confers with the DTMWS management team on all of these decisions.
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What type of horses do you acquire?
For our claiming partnerships we acquire horses that are race ready and fit. For our yearling partnerships we buy one year old colts and fillys at public auction then break and train them up to start racing as a 2 year old.
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Are the horses insured?
We buy mortality insurance on all of our yearlings, but we typically do not take out mortality insurance on the claiming horses we own.
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Does Don’t Tell My Wife Stables deduct any of the purse monies won as a management fee?
No.
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How do you communicate and keep members informed?
We provide email communication to all members pertaining to the acquisition of horses and activities of horses owned by the partnership. We also provide audio, video, replays, web cams, and photographs related to these activities.
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When are purse earnings distributed to Members?
Earnings are distributed at the discretion of the Managers, after saving sufficient reserves for fees or taxes.
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What happens when a horse owned by the partnership is sold or claimed?
When a horse is sold or claimed the money will be deposited in the horseman’s track account. Each member will receive their pro rata share of the full proceeds up to the original investment amount. For our claiming partnerships any proceeds above the original investment are split 50/50 between the trainer and the members. For our yearling partnerships our trainer receives 10% of any proceeds above the original cost of the horse.
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What is the breakdown of purse percentages at the race track?
The winning horse receives 60% of the purse. Second place receives 20% Third place receives 11% Fourth place receives 6% and Fifth place receives 3%. Some race tracks may distribute a variation of the above percentages.
