There are many different ways you can become involved in racehorse ownership. The main thing to remember is that owning a racehorse (or at least part of one) does not have to be expensive! Racehorse ownership can turn a thrilling hobby into something much more special as you experience the thrill of a first class racing day out with a ‘vested interest’ – not just a bet.
The ownership option most suitable for you will vary depending on your budget and the amount of involvement you would like to have.
The different types of racehorse ownership are listed below. For further details, the British Horseracing Association website is very helpful and has loads of information for new owners.
This is a form of ownership where you are the sole owner and are therefore responsible for all costs and profits. You have sole choice of names and colours and will be in direct contact with the trainer.
Co-ownership of a racehorse involves more than one person. There are 4 different variations of co-ownership which are listed as follows:
- Company Ownership
This is a way of using your company to own a horse. It is a great way of advertising your company or perhaps a way of bringing company members/employees together. You can name the horse after your company (although you may have to pay to rename it). The horse will run in your company name and is owned by the shareholders, consisting of between 2 and 12 individuals.
- Joint Ownership
This type of ownership can consist of between 2 to 12 people. The horse or horses can run in a joint ownership name or a name of a joint owner. It is a very popular method of ownership.
- Racing Partnership
This form of ownership can consist of between 2 to 20 people (of whom 2 must become, or perhaps are already registered owners). It’s great fun coming up with a name; ‘The Pub Partnership’ is an example. Although it costs more to register a partnership with Weatherbys, it has the bonus that you can add horses and people in and out of the partnership without having to keep registering new Joint Ownership forms.
This form of ownership avoids a capital outlay for a racehorse. It can be set up for a certain period of time, perhaps one year or season, sometimes for even longer. This involves the owner paying for a horses cost of training for whatever period but you also enjoy the prize money.
Here at Charlie Mann Racing we can tailor your ownership experience to suit you, be it to becoming a sole owner, setting up a partnership amongst your friends or joining some of our existing partnerships. Charlie has a wealth of experience and knowledge to assist with buying a horse. Accompanying him to the sales can be an exciting start to ownership – why not hand pick your own horse with Charlie’s guidance? We also have a selection of horses for sale at Neardown that you can see being put through their paces at first at home on the gallops.
We offer a few options for the payment of the training fees. Some of our owners pay an upfront training fee for a set amount each year to cover all the cost involved with owning a racehorse. This completely cuts the risk of any unforeseen and extra payments. Other owners are invoiced monthly for the training fees which are made up of a daily charge and extra costs incurred, such as vets fees and travel expenses to the races.
Please don’t hesitate to contact Charlie on 01488 73118 or firstname.lastname@example.org to discuss options to suit you.