Ownership can be a complicated business. I have set out below details of the types of Ownership, courtesy of the British Horseracing Board. If you require further information please refer to the BHB website.
If your enquiry is about having a horse trained by me, then please either telephone me or click on the email link below.
You will be the owner of the horse and no one else. As such, any costs and profits will be yours alone. You will also have a close involvement with any of the decisions regarding the horse. You will be able to choose the name of your horse and which colours will be worn in your name.
Co-ownership of a racehorse involves the participation of more than one owner. It is effectively any type of racehorse ownership other than sole ownership. Entering into co-ownership of a racehorse can lead to a number of different variations in how you the owner are involved.
Types of Co-ownership
There are 4 types of co-ownership:
- The company’s shareholders own the horse.
- The company must appoint a Registered Agent to act on its behalf.
- Can consist of between 2 and 12 individuals.
- The horse(s) can run in either a joint ownership’s name or the name of a joint owner.
- Avoids a capital outlay for a racehorse and involves ownership of the racehorse for a designated period of time.
- You can lease a racehorse for a single race or the whole racing career of a horse.
- Can consist of between 2 and 20 individuals of which at least 2 must become, or already be, registered owners.
There are a number of ways in which partnerships are set up and managed. You must decide upon how much input you would like as a co-owner and then choose the type of co-ownership to suit you. The 3 types of partnership are as follows:
This involves a trainer setting up and running a co-ownership. The trainer will usually become a co-owner himself or herself. This means the trainer thus providing ‘hassle free’ racehorse ownership carries out all the admin of running the co-ownership.
This involves a group of friends deciding to start up a co-ownership and share the costs accordingly. One co-owner or more will have to set up and run the co-ownership and deal with the administration of the co-ownership.
Professionally run co-ownership
There are a number of professional co-ownership organisers who work on a commercial basis and charge a management fee to set up and run co-ownerships. This means the co-ownership organiser thus providing ‘hassle free’ racehorse ownership carries out all the admin of running the co-ownership.
Racing Clubs are not an independent form of co-ownership. Therefore by joining or becoming a member of a Racing Club you receive the benefits of that Club but are not entering into racehorse ownership yourself.
- Will involve the ‘leasing of an ownership interest’, but does not involve ownership of any racehorses. The Club itself may own any number of horses, which will run under the colours of the Racing Club.
- Involves registering as a member of a club by paying a joining fee and/or a membership fee for a specific period. Re-registration will normally be necessary after this period.
- There may be some ownership benefits including a share of prize money. A Racing Club should not be just the use of a premium rate tipping service.
For detailed guidelines on setting up co-ownership groups and what’s involved, either contact John, or go to the BHB website at http://www.britishhorseracing.com/
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