There are ownership options for just about everyone!
It is advisable to seek guidance from someone who has experience in horse ownership or someone experienced in purchasing Thoroughbred horses like a trainer or a bloodstock agent. Below are a few of the types of ownership options available.
You are the only person involved in the ownership of the horse. Any fees, costs or profits will be yours alone. The horse will run with your name as the owner and you will have your own colours (silks) worn by the jockey.
A partnership would consist of two or more people sharing the ownership of one or more horses, and all members of the Partnership are registered owners. Members of the partnership would decide the percentage of each horse they own and split fees, costs and profits according to the share percentage.
Corporation or Racing Stable
A registered corporation can register as an Owner, owning horses 100%. The horse will be in the sole ownership of the corporation and the corporation’s shareholders. All fees, costs and profits will be directed to the corporation. Depending on the size of the corporation, specific directors, officers, employees and/or shareholders may need to be individually licensed. Refer to Chapter 32 of the Thoroughbred Rules for specific requirements in this respect.
Horses can be owned by a registered Racing Stable name. The Stable name, including a list of the persons included in the Stable must be registered with The Jockey Club Registry Service before obtaining a license with the AGCO.
An excellent way for people to get involved in horse ownership. With a syndicate you will share the ownership of one or more horses for either a set annual fee or a set monthly fee shared by the members of the syndicate. The syndicate would be managed and administered by the syndicator/s who would be listed as the registered sole/corporation owner however the syndicate members own a share of the horse/s and the sharing of the fees, costs and profits as pre-determined by the syndicate manager.
Racing Clubs offer a terrific way to experience racehorse ownership. For a set annual subscription fee, a Club subscription takes the risk out of racehorse ownership while experiencing all of the thrills and excitement of owning a racehorse. A Racing Club is managed and administered by the Club manager/s and it is the Club itself, and the Club owns the horses. Some Clubs will also share profits with the Club members.
Members pay a fee to be part of club and to enjoy some of the benefits of racehorse ownership. It isn’t necessary for members of a Racing Club to register as owners as the Club itself is the registered owner of the horse/s.
Leasing is a less common option which involves ownership of a racehorse for a set period of time. Costs that the horse incurs become the responsibility of the lessee for the lease period and in return the horse will run under the ownership of the lessee.
At the end of the lease agreement the ownership of the horse returns to the lessor/the legal owner. It is important that an agreement is made between the lessor and lessee with regard to the lease period, prize money split, if any, and any exceptional costs that may remain the lessor’s during the period.