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 all of our shares in multiples of 5% and 10% shares, which means you will pay an upfront fee starting at £250 for your share, usually paid by cheque, and then from £90 per month for your training fees, paid by card or standing order.  All our charges include VAT.

Both the upfront fee and the monthly fee may be paid by standing order, credit card or debit card, although we place a 3% surcharge on credit card payments. Monthly fees are paid on a recurring basis via one of the payment methods.

The only requirement we have is that you remain a part of the syndicate for a minimum of one year from joining.  If after that period you wish to cancel your ownership, you may do so, but you will forfeit your share of the horse.  Each season we canvass the shareholders to determine the future with the horse.  If more than 50% by share volume wish to sell the horse, the syndicate will cease after the horse has been sent to the sales.

Please note that all shareholders who become a syndicate member through the racehorse company benefit from prizemoney - this is full ownership, not a lease or membership to a racing club.


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 10% share in the horse:

  - Your horse runs and earns £1000 in owners prizemoney.
  - We allocate £100 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.