Racing Clubs
This is the best choice for newcomers to racehorse ownership. You would pay a one-off yearly fee and a manager is responsible for the care, training and health of your racehorse. Also, you will have most of the advantages that a solo owner enjoys such as cheering for your animal and spending time at the stables. You will be able to ease up and allow the manager to handle any daily decisions involved in your racer's success.
Leasing Your Racehorse
With this option, you will own a racehorse on a non-permanent basis. The terms of a lease may vary, so your options may be ownership of the horse for just a season or a horse's whole racing career. In that way, you would be entitled to a portion of the horse's earnings. You would also have the responsibility for payments related to the cost of training.
Racing Partnerships and Syndicates
If you have a group of friends, associates or family members with an interest in owning a racehorse, then you can combine resources to make this dream a reality. This way you can enjoy the exciting sport together. You may select the colors for your stable and apportions the total expenditures related to racehorse ownership. With more people involved, the cost of ownership is reduced. A general partnership consists of anything from 2 to over 20 individuals. That being said, two partners have to be registered as the designated associates.
Being The Sole Owner
Making the decision to buy a racehorse of your own is certainly the most expensive of the choices. However, owning your horse is perhaps the most thrilling and empowering way to go. This will allow you to have a part in every aspect of horse racing You'll be choosing which horse to buy, who your trainer will be, and the races in which your horse will compete. Furthermore, only you will be entitled to the horse's takings, and there is no doubt that a winning horse is an extremely profitable asset. You may be able to charge stud or foaling fees for a horse with a large number of winning races. However, you will be solely responsible for racing fees along with the expenses that are incurred for your horse’s care.
Corporate Ownership
This option allows enables you to promote your company and increase your brand visibility through your horse carrying your company’s name. The greater success your horse achieves, the more your company name will be viewed.
As you consider the various racehorse ownership options available, you are sure to learn how you can be involved in this pastime you love.
