Choosing to become a racehorse owner can feel like a daunting task, and choosing the right trainer with whom you feel comfortable and happy with can be tricky. However, you can feel assured your racehorse(s) is always given the best care and attention, and that you can discuss with John where and when your racehorse(s) run so that you get the most enjoyment from your racing. You will always receive a warm welcome from John and his team at the yard when you visit. During your time there you can watch your horse(s) galloping and discuss your horse’s training and progress. Have a read of our testimonials to see what current owners and other industry insiders say about John.
Your days out at the races will be great fun and watching your racehorse run is a whole new experience that is hard to match. Whilst racing, ownership also gives you full access to the owners’ and trainers’ bar, the parade ring, the winner’s enclosure, excellent viewing positions during racing and other race-day privileges. Other benefits of being an owner include the VAT Scheme, sponsorship opportunities and appearance money.
Apart from buying a racehorse, becoming an owner (as a Sole Owner, Partnership or Company) requires you to register yourself as an owner, register the racehorse (if not already registered), choose and register your colours/silks and register the horse’s name (if not already registered) with the British Horseracing Authority (BHA) through Weatherbys. Third party liability insurance is essential and is covered when you become a member of the Racehorse Owners Association (ROA).
Types of Racehorse Ownership
Sole Ownership where you own 100% of the horse and take full responsibility for all of the costs involved in purchasing and training your racehorse. You will receive all winning should your horse win or be placed and any profit made from selling your horse.
There are five types of co-ownership.
- A Partnership is for two or more people who want to share the ownership of one or more racehorses. All members of the Partnership are registered owners. A Partnerships allows you to decide the percentage of ownership you have and therefore, split the costs and winnings in accordance with ownership share.
- A Syndicate is for people who want to share the ownership of one or more racehorses. The Syndicate is managed and administered by the syndicator(s). Only the syndicator(s) must register as a Sole/Company owner. One bonus to being in a Syndicate is that it is not necessary for members of the Syndicate to register as an owner.
- A Racing Club is for people who want to pay a subscription to experience racehorse ownership. A Racing Club is managed and administered by the Club manager(s). The Club owns the racehorse(s) rather than the club members. Members pay a fee to be part of the club and to enjoy some of the benefits of racehorse ownership. Only individuals who want to set up or administer a Racing Club must register as a Sole/Company owner. It is not necessary for members of a Racing Club to register as owners.
- Leasing involves ownership of a racehorse for a set period of time. Costs that the racehorse incurs become the responsibility of the lessee for the lease period and in return the horse will run under the ownership of the lessee. At the end of the lease agreement the ownership of the racehorse returns to the lessor/the legal owner.
- Company Ownership is where a company can register as an Owner, owning 100% of the racehorse. The racehorse will be in the sole ownership of the company and the company’s shareholders. Companies can also be an entity within a Partnership or Syndicate. The company must appoint a registered agent to act on its behalf where the racehorse is owned by the company’s shareholders. It’s a great way to promote your company!
Give John a call on 01325 374366 if you would like to have a racehorse with us either as a new owner or as an existing owner. We have great opportunities for co-ownership or full ownership with both Flat and National Hunt Racehorses. Please visit the British Horseracing Authority, Weatherbys and the Racehorse Owners Association websites and read through them thoroughly as they provide all the information you need to register as an owner. However, if you are having difficulty registering as an owner please contact John who will be happy to help you complete the process.