Pinhook Group

Circle 8 Pinhook Group

Circle 8 Ranch — a wholly-owned subsidiary of Tropical Racing Inc. — is pleased to announce the opportunity to be part of our exclusive Circle 8 Pinhook Group. Many of today’s racehorses were “pinhooks,” meaning they were bought as yearlings, then trained and sold the following year as two-year-olds. At Circle 8 Ranch, we specialize in pinhook investments for our partners with the goal of providing investors with a targeted return on investment (ROI) of at least 25%.

It doesn’t matter if you’ve been to the racetrack many times in your life, or if you’ve never experienced the thrill and excitement of the Sport of Kings first hand, there is a place for you to invest in this amazing game! You don’t need to understand every nuance of the sport, and you’re not at the risk level a newcomer on their own would typically encounter because you are not going it alone!

At Circle 8 Ranch, our experienced team has deep roots in the Thoroughbred industry. Our full-service operation, in the heart of Kentucky’s horse country, and our connection with top horsemen in every aspect of the business, give our investors an edge that individual owners simply don’t have.

As part of the Circle 8 Pinhook Group, you can trust that your investment is carefully managed every single step of the way. You’ll experience the passion of Thoroughbred racehorse ownership, without making the hard decisions and shouldering all the risk on your own.

As an investor, we invite you to participate as much as you want while you continue to learn throughout the process, or you can stay engaged from a distance — the choice is up to you. Either way, we will keep you fully informed with regular updates, videos, and photos on your horse’s progress.

When it comes to investing and wealth enhancement, we know investors have an array of avenues to consider. At Circle 8 Ranch, our investors are our partners and we take their investments seriously.

When you’re ready to consider alternatives to standard investment opportunities, Thoroughbred investing opens the door to a whole new experience ­— it’s the ride of a lifetime! With Circle 8 Ranch and our Pinhook Group, you’re investing in a lifestyle, not merely an asset.

Pinhook Group Brochure

Download our exclusive Pinhook Group Brochure. Just complete the simple form below to view or download the pdf brochure.

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What is Pinhooking?

In one way, pinhooking can be compared to “flipping” houses, in that the goal is to turn a profit by taking an unpolished asset and turning it into a desirable commodity. Pinhookers do much the same with horses. Using their hard-earned expertise and knowledge, they identify young Thoroughbreds, based on pedigree, appearance and potential, and knowledge of the market. Buying a future racehorse as a yearling avoids the much longer time and risk involved with breeding a mare and raising the foal to the same age.

After purchasing a yearling, the pinhooker typically has an approximate six-month turn-around time to prepare and train the young horse so that it can bring the greatest return as a two-year-old. Yearlings are most often purchased between July and October, and then offered for sale as two-year-olds in training between February and June of the following year.

Circle 8 has the added advantage of being able to pinhook weanlings, when it makes more financial sense, and can target them for the yearling sales, or hold onto them and aim for the two-year-old market. Either way, we can utilize Circle 8 Ranch, our full-service, state-of-the-art facility in Versailles, Kentucky, located at the pulse of Bluegrass Horse Country.

The Process

Our Circle 8 team is active at all major Thoroughbred yearling sales, including the Keeneland September Sale, Saratoga Yearling Sale, and OBS Yearling Sale. With our extensive connections, we also purchase individuals privately when it makes economic sense for the team and investors.

Once purchased, the yearlings are immediately received at Circle 8 Ranch in Versailles, Kentucky. The farm covers 200 acres, while the yearling complex is perfectly suited to young horses with spacious stalls, turn-out paddocks, and large pastures for abundant grazing and room to relax before their racing careers commence. Next, yearlings enter into breaking and training, which takes place at top facilities in the ideal fall/winter climate of Ocala, Florida.

The main sales venues for two-year-old Thoroughbreds include Ocala Breeders’ Sales Company (Florida), Keeneland (Kentucky), Fasig-Tipton (Florida, Maryland, California), and Barretts (California). The Circle 8 team sells at the nation’s most prominent training sales: OBS March, Fasig-Tipton March at Gulfstream, and OBS April.

Tax Benefits

Investors should be aware that the potential tax benefit of utilizing bonus depreciation could be substantial for Thoroughbred owners. Yearlings and two-year-olds in training are common equine assets that may qualify for 100% write-off. Persons claiming bonus depreciation are not limited by taxable income. The deduction may be used to create or increase a net loss and there is not a specific dollar amount limitation on an annual basis.

This makes bonus depreciation much more valuable than the Section 179 depreciation, which is limited to net income and to a fixed annual dollar amount. The 100% write-off option offers planning opportunities for those looking to reduce taxable income. You should always consult with your tax advisors regarding your specific situation prior to making any purchases, but the potential tax benefit of utilizing bonus depreciation could be substantial.

The main sales venues for two-year-old Thoroughbreds include Ocala Breeders’ Sales Company (Florida), Keeneland (Kentucky), Fasig-Tipton (Florida, Maryland, California), and Barretts (California). The Circle 8 team sells at the nation’s most prominent training sales: OBS March, Fasig-Tipton March at Gulfstream, and OBS April.

Adrenaline. Excitement. Thrills!

Are you ready for racehorse ownership? We are ready to show you why partnering with Circle 8 Ranch is the answer!