Being a racehorse owner brings with it many benefits. In years previous, racehorse ownership was reserved for the wealthy and privileged. By owning a racehorse you can enjoy the rich tradition of horse racing. There are numerous perks which come with owning a racehorse. The enjoyment you get out of seeing your horse develop is a joy in itself. For many, it is a life long dream to own a racehorse. Involvement in this side of racing brings great satisfaction. Also, the excitement of seeing your horse come charging down the stretch is simply incomparable. Few other sports can compete with the adrenaline rush that horse racing brings to the owner.
Owning a thoroughbred is made easier these days by different ownership avenues available to racehorse owners such as horse racing partnerships. They can choose between sole ownership or co-owner of the horse. Owning a share of a racehorse is far more affordable than sole ownership which means more people can enjoy the benefits which come with racehorse ownership.
Racehorse ownership can also bring other benefits. One is the huge amount of cash prize the winning horse stands to receive. Some competitions award prize money to the first six. However, the prize money could also only be awarded to the first three. The owners also receive commemorative trophies for their winning horses.
The second benefit of racehorse ownership comes on the race day itself. When your horse is racing, you will get entry badges for easy access to the course, use of exclusive facilities, access to viewing areas, entry to paddock and an enclosure for the winning horse.
The third advantage is the appearance money. It is not unusual for you to be paid appearance money to encourage you to run your horse in certain races or on certain racedays. In 2008, appearance money amounted to £1.5m.
Racehorse owners can enjoy the benefit of VAT reclamation on certain fees incurred through the upkeep of the horse.
The Racehorse Owners Association (ROA) Badge Scheme provides 2500 racehorse owners with free entry to 800 race fixtures each year, so even when your horse isn't running you can enjoy a day at the races for nothing.
The sixth benefit of racehorse ownership is sponsorship. You are allowed to seek sponsorship for your horse. In return for publicising the logo or business which sponsors your horse you will receive money.
Naming your racehorse is the seventh benefit. Most weanlings, yearlings or two year olds in training are unnamed. The owner has the privilege of coming up with a name for the unraced horse. Including spaces, the name can not be any longer than 18 characters. The name must not be used before.
Lastly, the selecting your racing colours or “silks”. Every horse must race carrying the distinctive colours of their owner. Your racing colours should not duplicate anything which is currently registered. This will allow race watchers to distinguish the runners. The racehorse owner must register the colours with the British Horse Racing Authority.
Owning a thoroughbred is made easier these days by different ownership avenues available to racehorse owners such as horse racing partnerships. They can choose between sole ownership or co-owner of the horse. Owning a share of a racehorse is far more affordable than sole ownership which means more people can enjoy the benefits which come with racehorse ownership.
Racehorse ownership can also bring other benefits. One is the huge amount of cash prize the winning horse stands to receive. Some competitions award prize money to the first six. However, the prize money could also only be awarded to the first three. The owners also receive commemorative trophies for their winning horses.
The second benefit of racehorse ownership comes on the race day itself. When your horse is racing, you will get entry badges for easy access to the course, use of exclusive facilities, access to viewing areas, entry to paddock and an enclosure for the winning horse.
The third advantage is the appearance money. It is not unusual for you to be paid appearance money to encourage you to run your horse in certain races or on certain racedays. In 2008, appearance money amounted to £1.5m.
Racehorse owners can enjoy the benefit of VAT reclamation on certain fees incurred through the upkeep of the horse.
The Racehorse Owners Association (ROA) Badge Scheme provides 2500 racehorse owners with free entry to 800 race fixtures each year, so even when your horse isn't running you can enjoy a day at the races for nothing.
The sixth benefit of racehorse ownership is sponsorship. You are allowed to seek sponsorship for your horse. In return for publicising the logo or business which sponsors your horse you will receive money.
Naming your racehorse is the seventh benefit. Most weanlings, yearlings or two year olds in training are unnamed. The owner has the privilege of coming up with a name for the unraced horse. Including spaces, the name can not be any longer than 18 characters. The name must not be used before.
Lastly, the selecting your racing colours or “silks”. Every horse must race carrying the distinctive colours of their owner. Your racing colours should not duplicate anything which is currently registered. This will allow race watchers to distinguish the runners. The racehorse owner must register the colours with the British Horse Racing Authority.
