Costs and Prizemoney

Charges

Our charging structure is simple:

   You pay a single fee up-front for your share of the horse;
   You pay a monthly set fee for all the training and running costs of the horse.

If the horse is sold at the racetrack, claimed, or sold at sale or auction then you will receive your percentage of the proceeds less any statutory sales fees.

This system ensures that you know exactly what your monthly outlay will be and there will be no surprises in store.  We allow for all transport, vets and blacksmith fees within the costs so you will never be asked to contribute more than your standard monthly fee.

We sell most of our shares in 2.5% or 5.0% shares, which means you will pay an upfront fee starting at £250 for your share, and then from £55 per month for your training fees.  All our charges include VAT.

Both the upfront fee and the monthly fee may be paid by credit or debit card, although we place a 2% surcharge on credit card payments. Monthly fees are paid on a recurring basis via credit or debit card.

Please note that if you decide to lease one of our horses you will not receive any proceeds from a sale of the horse, but will benefit from your share of prizemoney.


Prizemoney

Once you purchase your share we will open an account for you online which will report on every aspect of the horses preparation and training, but also hold all your share details and report on your prizemoney allocation. 

Your prizemoney is directly proportioned to the share you own.  So for example, if you have a 5.0% share in the horse:

  - Your horse runs and earns £1000 in owners prizemoney.
  - We allocate £50.00 in prizemoney to your ownership account.

Your winnings are always reported on an ongoing basis so that you know exactly what your are able to collect.

At the end of the racing season (always November) we disburse all prizemoney to owners via a cheque payment.