Disclosures
Legal & Disclosures
Securities Disclosure
Icon Racing offers membership interests, or "Units," in individual partnership LLCs (e.g., Icon Racing: Affirmed, LLC) to "accredited investors" that satisfy the definition under SEC Rule 501 of Regulation D. The Units are offered under exemptions from registration under the Securities Act of 1933, as amended, and applicable state securities laws. The Units have not been registered with the SEC or any state regulator and may not be transferred except as permitted by the operating agreement and applicable law.
Nothing on this website constitutes an offer to sell or a solicitation of an offer to buy any security. Any such offer or solicitation will be made only via formal offering documents furnished to qualified prospective investors.
Accredited Investors
Under SEC Rule 501 of Regulation D, an individual generally qualifies as accredited if:
- Annual income of $200,000 ($300,000 jointly) in each of the last two years, with the same expected this year; or
- Net worth exceeding $1,000,000, individually or jointly with a spouse or partner, excluding the value of the primary residence; or
- Holds a Series 7, 65, or 82 license in good standing.
Various entities (banks, registered investment advisers, family offices, certain trusts, and entities owned entirely by accredited investors) may also qualify. Prospective partners will be required to confirm and, where required, verify accredited investor status before subscription.
Risk Disclosure
Thoroughbred horse racing partnerships involve substantial risk, including the risk of loss of the entire investment. Horses can be injured, fail to develop, or fail to win purses sufficient to cover costs. Returns depend on factors outside any party's control, including horse health, racing performance, market conditions for bloodstock sales, and broader industry conditions. Past performance of any horse, partnership, or principal of Icon Racing is not indicative of future results. Prospective investors should consult their own legal, tax, and financial advisors before committing capital.
Tax Treatment
Each Icon Racing partnership is structured as a Delaware limited liability company taxed as a partnership for federal income tax purposes. Partners will receive an annual Schedule K-1. Icon Racing does not provide tax advice; partners should consult their own CPAs regarding the tax consequences of an investment.
Privacy
Information submitted via our forms (name, email, phone, message) is used solely to respond to your inquiry and to provide partnership materials. We do not sell or share your information with third parties for marketing purposes. If you'd like your information removed from our records, email membership@iconracing.com.
Contact
Icon Racing
membership@iconracing.com