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Your Involvement
Racehorse ownership is no longer just reserved for the elite. Many partnerships and syndicates are available to help spread the costs but still enable you to enjoy the full involvement of owning a racehorse.
Benefits of owning a racehorse
- Picking your horse's at the sales
(although it is advisable to get assistance from a bloodstock agent)
- Choosing your racing colours
- Naming your horse
- 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 owner's badges when your horse runs
- Attending the paddock area when your horse is running and discussing the race with the trainer and jockey
- Photographs and videos if your horse wins
- A percentage of the prize money if your horse wins
There are 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 entertainment and recreation.
Sole Ownership
You will be the sole owner of the horse. You will be closely involved with the horse and will be required to make decisions regarding the horse. However, any costs and profits will be yours alone.
Racing Partnership
Up to 20 people can form a Partnership and therefore share the costs and profits. This is a very popular way for a group of friends to get involved and only 2 partners need to become registered owners. The Partnership will get to choose the horse's name and the colours you wish your horse's to race in. 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.
Company Ownership
Company Ownership acts as a powerful promotional tool and you can even name your horse after your company. This is great for company morale and provides team spirit and involvement for you and your staff.
Leasing
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.
Costs of owning a racehorse
- 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.
- Each month you will be sent a training invoice. The daily training fees includes ordinary veterinary fees and blacksmith's fees.
- In addition to the training invoice racing expenses are charged out per horse and this is dependent on the race meeting.
Sponsorship in racing
Why not use the Racing Industry as a means of advertising.
Sponsoring a horse provides commercial opportunities for business' to promote their company and products. The Sponsor can advertise their products in a number of ways to ensure promotion at the racecourse.
There are a number of options available for the promotion of businesses:
- Branded attendant's clothing - Jackets, sweatshirts, pullovers, shirts / blouses
- Branded horse clothing - Rugs and sheets
- Branded jockey colours - On the chest, collar and breeches
The above will be in full view of the public and television cameras in the following areas of a racecourse:
- In any stabling area or horse box
- In the pre-parade and parade ring
- On the race-track
- In the winners enclosure and any other saddling area
A contract has to be signed by the owner and the sponsor agreeing the terms and conditions. This must then be registered with Weatherbys. The contract can then proceed 28 days after it has been published in The Racing Calendar. The sum of this sponsorship is agreed between the Owner and the Sponsor. The sponsor is asked to pay for the logos and the attendants/horse clothing. Owners will already have their own set of colours.
If your business or any of your friends businesses would be interested in becoming involved in sponsorship, please feel free to email us via our Contact page.
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