Types of Ownership
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.
The ownership option most suitable for you will vary depending on your budget and the amount of involvement you would like. The different types of racehorse ownership are listed below. For further details, the BHA ( British Horseracing Authority) has produced a very helpful online ownership brochure which has loads of information for new owners.
This is the form of ownership when you are the sole owner.
You are responsible for all costs and profits. You have sole choice of colours and names ( if the horse is not already named).
Co-ownership of a racehorse involves more than one person. The four different types of co-ownership are listed as below :
- Company Ownership
- This is the way of using your company to own a horse. It is a great way of advertising your company or perhaps bringing company members / employees together. You can name the horse after your company, providing you buy a horse that is un-named. You can also run a horse that is already named but owned by your company.
- This type of ownership can consist of between 2 to 12 people. The horse or horses can run in a joint ownership name.
- This form of ownership can consist of between 2 to 20 people of whom 2 must become or perhaps are already registered owners. It is fun thinking of a name ; 'The Pub Partnership' is an example.
- This form of ownership avoids a capital outlay for a racehorse. It can be setup for a certain period of time, perhaps one year or season, sometimes even longer. This involves the owner paying for a horses cost of training for whatever period but you also enjoy the prize money.
These have become a very popular way of dipping your toe in to the water. There are several different Clubs at varying entry prices.
They are not an independent form of co-ownership, therefore by joining or becoming a member of a racing club, you receive all the benefits of that club but you are not entering into racehorse ownership yourself.