Many punters often dream of owning a racehorse, its a common topic of conversation after a few beers with our mates on a Saturday afternoon at the pub, however, most don’t realise just how achievable it can be!
we can all be forgiven for assuming that ownership is reserved for the upper echelons of society, arriving at the track on race day and watching the elite flashing members badges and ownership passes as they waltz into the members enclosure and owners area, later watching on as the luckier of the suited and booted are presented with trophies, ribbons, flowers and oversized cheques.
Fortunately for us the industries regulatory bodies want to make ownership possible for everyone, offering ownership privileges to owners that hold a 5% stake or more. They have approved several forms of ownership that are tailored to suit a variety of budgets and allow anyone who is interested to take part in the exhilarating sport of thoroughbred racing.
Sole Ownership
The most expensive option… and can be the most rewarding! You will own the a horse outright, receive 100% of the prize money, have direct communication with the stable, be able to name the horse whatever crazy name you want (pending approval by Racing Australia) and make the lucky jockey race in your favourite colours. The downside is you will pay 100% of the expenses.
Partnership
Less risk more rewards! You will own the horse with up to twenty family members, friends or other clients of the stable, share in the thrill of ownership for a percentage of the cost and prize money. One owner will be appointed as a manager to handle communications with the trainer. As each member will generally own 5% or more they will be entitled to all the privileges of racehorse ownership.
Syndicate
Registering a syndicate with your friends and family (up to 20 people), and the Syndicate then owns a share in the horse. For example you and your workmates might form a syndicate called ‘Men at Work Syndicate’ which has a 10% share in a horse. The nominated Syndicate Manager would be responsible for all communication to the syndicate members from the racing manager or stable directly, and in charge of the distribution of the syndicate’s share in prize money.
Lease
Leasing a horse can be a cheaper option to experience horse racing. You can lease a horse with your friends and family without purchasing or owning the horse. The Lessee pays for all of the training fees and associated costs, keeps a percentage of any prize money won, and returns a percentage back to the owner (typically 25-30%).
Want to know more…
At Ollerton Racing we are on a mission to grow our stable, we are on the lookout for new owners wishing to join us in the exhilarating world of thoroughbred racing. Our rates are very competitive, your horse will be well catered for and trained by Rodney Ollerton on-course at Broadmeadow Newcastle. To register your interest with us simply head over to the Contact Us page of our website and send us quick message.
