Becoming a Racehorse Owner
Horse racing may be known as the 'Sport of Kings' but now ownership is not only reserved for the elite. There are many different ways to own a racehorse, however it should be noted that racehorse ownership must not be seen as an investment but as a source of recreation and entertainment.
You will be the sole owner of the horse, and will have to register as an owner at Wetherby's. It is entirely up to you on how closely involved you are with Brian and the decisions made regarding the horse. You will receive all the owners' prize money and trophies; however, any costs and profits will be yours alone.
Other benefits of becoming an owner include:
- The initial purchase of your horse (Brian would be happy to assist or point in the direction of a bloodstock agent)
- If un-named, choosing a suitable name for your horse
- Choosing your own personal racing colours
- Visiting the yard to see your horse
- Liasing with the trainer to discuss your horses' future plans
- Watching your horse working on the gallops
- Complimentary owners' badges when your horse runs
- Attending the paddock area when your horse is running and discussing their race with the trainer and jockey
- Photographs and videos if your horse wins
This is a great way to get involved in first time racehorse ownership. Up to 20 people can form a Partnership. It is a very popular way for a group of friends to get involved and only 2 partners need to become registered owners. A Joint Ownership can consist of up to 12 people, all of whom must be registered owners. Separate registration is required for each horse within a joint ownership.
When you join a partnership, you will be responsible for paying your share of the racehorse. For example if there are ten people in a partnership then you will be responsible for paying ten percent. The same applies with any prize money.
Company Ownership acts as a powerful promotional tool and you can even name your horse after your company, a great advertisement. Most companies who own racehorses use the whole experience to boost staff morale and entertain clients by taking them to the races and enjoying some of the great corporate hospitality packages that most racecourses offer.
if you do not want to pay the full cost of purchasing a horse, lease agreements are available for certain time scales or even just for one race. This could be a powerful tool if you had a company day out at the races to entertain your clients with the added interest of owning a runner on the day.
Cost of owning a racehorse
- Each month you will be sent a training invoice. The daily training fees includes ordinary veterinary fees and blacksmiths fees.
- In addition to the training invoice, racing expenses are charged out per horse and this is dependent on the race meeting.
- Gallop fees, entry fees and jockey fees are all paid through a Weatherby's bank account
If you require more information on racehorse ownership, please telephone or email via our contacts page.
More information is also available at www.weatherbys.co.uk
Also take a look at our horse sponsorship page.