Horse racing is a sport that has been contested for centuries and now racehorse ownership is open to everyone, from those with large bank rolls to individuals of modest household budgets. If you love the sport of horseracing and have always wanted to participate as an owner, then you have several options available to you.
Racing Clubs
This option is ideal for the first time you enter racehorse ownership. You would pay a one-off yearly fee and a manager is responsible for the care, training and health of your race horse. Also, you will have most of the advantages that a solo owner enjoys such as cheering for your animal and spending time at the stables. You can step back and let the manager take care of the day to day decisions needed for a successful racer.
Leasing A Racehorse
This selection will give you ownership of a racehorse for a temporary amount of time. The terms can vary, so you may have the option of owning the animal for only one season or for the horse's entire racing career. You would receive a share of any winnings that the horse may achieve. Additionally, you would be responsible for paying training costs.
Racing Partnerships and Syndicates
If you have a group of friends, associates or family members with an interest in owning a racehorse, then you can combine resources to make this dream a reality. Together, you'll be able to be a part of this exciting sport. You can choose your stable colours and distribute the total costs of racehorse ownership. With more people involved, the cost of ownership is reduced. Generally partnerships are comprised from at least 2 to more than 20 individuals. However, two of the partners must register as designated associates.
Sole Ownership
Deciding to purchase your own racehorse is the option that will cost you the most. However, this decision will give you the greatest amount of power and is possibly the most exhilarating option. You will get to be a part of everything involved with horseracing. Additionally, you'll get to choose and buy your horse, decide who you'd like to train your animal and what races your horse will compete in. Also, you will be the only one to receive the winnings from your horse and a successful horse is a valuable commodity. You may be able to charge stud or foaling fees for a horse with a large number of winning races. However, you will be solely responsible for racing fees along with the expenses that are incurred for your horse's care.
Corporate Ownership
This option allows enables you to promote your company and increase your brand visibility through your horse carrying your company's name. The greater success your horse achieves, the more your company name will be viewed.
When you contemplate the different options available to you with today's racehorse ownership, you will find the best way to become a part of the sport you love.
Have you considered horse racing partnerships as a way of becoming a racehorse owner? This type of racehorse ownership enables you to own a share of a racehorse with the added benefit that the cost of the horse's upkeep is split amongst all the members.
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