A day out at the races is great fun and very exciting, but imagine how much more exciting it would be if you owned the racehorse that made it through the finishing posts first! There are actually several straightforward ways that people can get involved with racehorse ownership, depending on the depth of their pockets and how much they want to be involved with the training / decision making. In our latest blog we highlight the different options available and the benefits of each…
The very first Racing Club that allowed ‘ordinary’ people to be involved in Racehorse ownership was the Full Circle Racing Club which was started in the 1980’s. Since then clubs and syndicates have flourished, over 60% of racehorses in the UK are now owned in some form of joint ownership!
A Racing Syndicate involves all members owning a small part of the horse or horses, and sharing the cost of purchase and all of the associated training fees allowing them to enjoy all the benefits of ownership at a much smaller cost.
In Racing Clubs however, the members still get all of the benefits of racehorse ownership without having to worry about having large training fees to pay. The benefits include visits to the stables to chat to the trainer and see your horse working on the gallops, going to the races when the horse runs, and hopefully being in the winner’s enclosure when your horse wins!
Some racing clubs have as many as 100 horses trained all over the country, and one of the best known is the Elite Racing Club who last year sold one of their horses, Lady Marsha who was trained by Sir Mark Prescott, for a record 6,000,000 gns at Newmarket Sales!
Some people prefer to belong to a smaller group, which is where Partnerships come in. This is simply a small group of people (often friends) who get together to share the cost of owning a horse which they otherwise couldn’t afford to do.
A great example of this is the Newstart Partnership which was started by Suzzanne France in 2011. The partnership has a choice of 4 horses, and each member pays an all-inclusive fee for a minimum of 6 months which gives them all of the benefits of owning their own horse such as Owners Badges for the races, visits to the yard, a monthly newsletter and a share of any prize money won by their horse!
Because the partnership is fairly small, all of the members become friends, and more importantly get to know ‘their’ horses really well, watching them develop from when they arrive as Yearlings or 2 year olds, and learning all of their likes and dislikes. Most owners will come armed with packets of mints to feed their horses, but the owners of Stamp Duty know to bring him his favourite treat of strawberries instead!
All of Newstart Racing partners are made to feel part of the yard, chatting to the trainer regularly, coming to the annual coffee morning, and cheering on each other’s horses as well as their own. As all of the horses currently in the partnership have either won or been placed they have had plenty of opportunity for cheering!
As you can see, whatever sort of Syndicate, Club or Partnership you choose, they really are a way for everybody, not just the wealthy, to become involved in Racehorse Ownership.