The day has finally arrived – The Wasabi Ventures Canterbury Racing Club and the Next Level Canterbury Group are open to new members!!
To briefly recap (you can get more details from a previous post here or the contact people below)
Wasabi Stables Canterbury Club ($250): Wasabi raced at Canterbury last year for the first time and hit the board in five out of six starts racing out of the Tony Rengstorf barn. Wasabi currently has racehorses competing throughout the Midwest and on the East Coast. They have major expansion plans outlined for Canterbury in 2021. Wasabi has over 600 partners who have created a community that is both social and educational. They will be partnering with our club with a 25% stake in all club horses. This means more horses, more opportunities, and more fun for all involved.
As in past years, there will be absolutely no bills or other payments to be made after the initial one-time payment. When the horse ends its club racing career or is sold, the bills come out of the initial payment you made, but you will never be required to pay any additional funds. Any profits, or gains from the disposition of horses, will go immediately and directly into your very own Wasabi account for your personal use to buy more horses or withdraw.
Next Level Canterbury Group ($1000): The group’s horse acquisition budget will be based upon the total balance less three months expenses (approximately $7,500) on hand. For example, if 20 people sign up, our horse budget will be $12,500.
As part of being actual owners, should the cash balance become insufficient to cover expenses, members will be required to contribute additional cash to cover three months of bills. If the balance exceeds three months expenses, the overage can be returned to members at the end a quarter based upon a vote so there is potential for return on your investment as well as the risk.
The group does not automatically disband at the end of the calendar year and we can let the horse take us as far as he or she can.
Members will be licensed by the Minnesota Racing Commission at a cost of $50 for license and $25 for fingerprints (required of all owners). The group will most likely be organized as an LLC.
For more information or to sign up:
Wasabi Ventures Canterbury Club: click here or email Joe Scurto (firstname.lastname@example.org). They will be looking to close up on April 15, 2021.
Next Level Group: email Ted at email@example.com. You can join the email discussion group with no commitment and get all the details and get to know the folks that’ll be in your group before deciding! Next Level will be buttoning things up by March 31 and start shopping on April 1. LIMITED TO THE FIRST 40 PEOPLE.