Types Of Racehorse Ownership and Costs

Before you register your ownership you will need to decide what sort of ownership you intend to embark upon.

Sole Ownership

You will own 100% of the horse and it will run in your name and in your colours. You pay all the costs and all the prize money and proceeds from any future sale of the horse will be yours alone.

Did you know?

Owners that secure sponsorship for their horses can register for and reclaim VAT on training costs. If 100% of a horse is owned by a Racehorse Owners Association (ROA) member then the ROA will arrange sponsorship of your horse allowing you to reclaim VAT.

Joint Ownership

This form of ownership can consist of between 2 and 12 individuals. Each person will need to be a registered owner. The percentage of the horse(s) owned will be registered against each individual's name. The horse(s) can run in either a joint ownership's name or in the name of one of the owners.

Did you know?

If you are part of a Joint Ownership and a ROA member then you will automatically be covered by their Third-Party Liability Insurance for your share of the horse(s) owned.

Racing Partnership or Syndicate

A partnership or syndicate can consist of any number of individuals of which at least 2 must become, or already be, registered owners. The two registered owners will be known as the Nominated Partners or Syndicators and they will be responsible for the administration for the partnership.

Did you know?

If you are one of the two Nominated Partners/Syndicators and you join the ROA, you may be eligible to join the Racecourse Badge Scheme for Owners which allows free entry to over 1,200 fixtures each year.

Company Ownership

The horse will be in the sole ownership of the company and the company's shareholders. The company must appoint a Registered Agent to act on its behalf.

Leasing

Leasing involves ownership of a racehorse for a set period. 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.

An agreement should be made between the lessor and lessee covering the lease period, prize money split if any, and any exceptional costs that may remain the lessor’s during the period.

Racing Club

If you would like to be involved in ownership but leave all the administration to someone else, then why not consider the Neil Mulholland Racing Club?  Full details can be found on the racing club page.

Training Fees At Neil Mulholland Racing

• All-In-One Fee - We offer an all-in-one fee that includes all routine veterinary work, farrier, and transport. The only costs to expect are racing administration costs and race entry fees, plus any major veterinary work i.e. an operation. The all-in-one fee is £60 per day.
• Standard Fee - We can provide a standard fee to cover training only, with veterinary work, farrier and transport costs separately charged if this is preferred.
• Stable Fee - If your horse is in the stables but not currently in full training, then the fee payable is £31.50 per day.
• Grass Keep Fee - If your horse is "on holiday" in the paddocks at Conkwell Lodge, then the fee is £16 per day.

All fees are subject to VAT