Own a Racehorse without Breaking the Bank

By Caroline On December 19th, 2008 in Horse Racing /

If you love horseracing and have always fancied the idea of owning your own why not consider joining a syndicate?

You don’t have to worry about losing your possessions to a debt collection company coming for payment of those expensive training fees. You just choose what you can afford to pay and buy your share accordingly.

There is a usually a one off initial payment that covers the purchase cost of your share then a fixed monthly payment to cover expenses.

The monthly fee covers all expenses such as training fees, livery and vets fees. There are no hidden or unexpected bills. You know exactly what it is going to cost you from the day you sign up.

Apart from the obvious excitement of watching your racehorse run there are often other benefits such as helping choose the name for the horse, stable visits to watch the horse being trained on the gallops, photographs of the horse and monthly news letters.

Shares in a racehorse can range from as little as 1% though 5% and 10% shares are common.
The horses are normally bought as yearlings then raced as 2 to 4 year olds. The four year olds horses are then generally sold with the proceeds of the sale being split between the owners.

A share in a racehorse can make an unusual and exciting gift for a friend or why not just buy one for yourself?

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