about 20 years ago
”Fractional ownership in boats is a very young industry,” says May, president of American Yacht Share Management. “As it becomes more popular and more known, it will become a major way to purchase a yacht.” The concept of fractional shares, which has already gained some traction in Europe, is to div
”Fractional ownership in boats is a very young industry,” says May, president of American Yacht Share Management. “As it becomes more popular and more known, it will become a major way to purchase a yacht.”
The concept of fractional shares, which has already gained some traction in Europe, is to divide the enormous costs of owning a boat among a group of owners and to eliminate the chores of the pastime by providing a management company.
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