Owning a racehorse can be a thrilling experience. There really is nothing quite like watching your horse go past the post first – especially if you have been lucky enough to have a penny or two on your galloper.
The following bullet points have been listed in order to give you a better idea of how it works when you have a share in a horse.
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An owner can own their horse outright or they can purchase a % of a horse.
There can be ten listed owners in any one horse. Syndicates of up to 20 owners can
race one of the allotted ten shares available in any one horse.
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On average a racehorse costs $3000 a month to maintain when the horse is in
full work and around $1000 per month when the horse is spelling in a paddock.
Your monthly bill will depend on what % of the horse you own.
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If an owner wants to be guaranteed of having their name listed in the racebook
as an owner they must own a minimum of 10% of the horse.
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Owners are always welcome to offer input as to where they want their horse to
race and which jockey they want to ride their horse but owners have
selected a trainer to do a job and the trainer should be left to make
the final decision on what is best for your horse.
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A trainer receives 10% of all prizemoney earned and the jockey receives 5% of all
prizemoney earned in races they ride in. This is a requirement for all prizemoney for all
horses throughout the industry.
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Horses are finely tuned athletes and owners must be aware that horses encounter
setbacks and occasional injury. It is important that an owner understands that
part of the immense joy that comes from winning is knowing that it is
never easy to win a race. It takes a lot of care and planning.
If you would like to own a share in a horse or you would like to own a horse outright give us a call. If we don’t have a horse currently available to suit your needs we will happily discuss with you your criteria and then seek out and purchase a horse for you that best suits your requirements.
