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When you enter ownership with The Racehorse Company you own your share of the racehorse
in perpetuity. All our horses run in our well known blue and
yellow colours, (Ownaracehorse Ltd) and you are the full proprietary
owner of your share of the horse.
We will charge you an up-front fee for your share of the horse and
then a set monthly cost for all training and racing fees.
There will not be any further costs charged.
By conducting the management of the racehorses in this way, the
client enjoys the ownership of the horse with a specific budget for
its costs. All winnings accrued to a shareholder account and
paid at the end of each season - always November.
Benefits
As a proprietary shareholder you will benefit from the following:
A free*
Owners badge every time the horse runs;
Unlimited
access to your own online 'Horse Management' system;
Ability to
visit your horse on a regular basis at the training yard;
A share of
prizemoney directly proportioned to your share;
A named
Syndicate Manager with whom you can converse on a regular basis;
Full race
tactics and trainer information always available for every run;
You may
contribute to the horses race plans if you wish;
Benefit or
proceeds from the sale of the horse are paid according to your
percentage;
*10% shares guarantee a free owners badge, 5% shares are guaranteed
an owners badge, but it may be discounted rather than free every
time the horse runs.
We are full-time syndicate managers, so to successfully profit from
our business we have to select decent bloodstock at the right price.
With all of our horses we aim to not only provide fun and excitement
at the racecourse, but also to improve them.
Payments
We ask for a credit/debit card payment for the up-front
cost of the share, followed by a recurring monthly payment, usually
a standing order, but can be a credit or debit card payment.
The monthly payment will be a set amount taken from your bank
account, a credit or
debit card once a month. Please note that we will charge a 3%
handling fee on all credit cards, but debit cards and standing
orders are free from this
surcharge.
Also see our more detailed section on
charges.
Prizemoney
Prizemoney is accrued to your winnings account throughout the season and then paid by cheque
at the end of the season - always November 1st. Your prizemoney
will not be subject to any deductions other than a small percentage
if your horse wins in top flight races - you will receive the exact
amount as provided by Weatherbys in relation to your percentage
owned.
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