Owning a racehorse can be a great way to get involved in the sport of horse racing. The thrill of winning races is unmatched, and you’ll enjoy watching them run at full speed and crossing that finish line – hopefully quite frequently in first place!

 

You may be wondering, however, just how you can go about becoming a racehorse owner, and whether it is really as easy as it looks. So, we’ve put together all you need to know about becoming a racehorse owner, and how to take your first steps to success.

 

What Is A Racehorse Owner?

 

A racehorse owner owns horses who compete in races. They may also be known as jockeys or trainers, depending on their occupation. In some cases, they may even own more than one horse, and may also act as the trainer for their chosen racehorse.

 

Owners have two main roles:

 

• As trainers, they train their horses to become better racers.
• As an owner, they pay money to enter their horses into races.

 

British horseracing has five types of racehorse ownership, and these are:

 

• Sole Owner

Owning your racehorse as a Sole Owner will give you complete control over its training and racing career. You will not only be responsible for paying for any costs associated with owning the horse, but you will also be liable for any losses incurred by the horse during its racing career.

 

• Company

You can also choose to own a racehorse as part of a company – this is where a horse is leased or owned under the name of the business or company, rather than an individual.

 

• Partnership

If you want to share the responsibility of owning a racehorse with another person, then you could form a partnership. This means that both partners will contribute equally towards the running costs of the horse, and each partner will be liable for any losses sustained by the horse during its career.

 

• Syndicate

This type of racehorse ownership involves a group of people pooling their funds to buy shares in a particular horse. Each member of the syndicate contributes money to purchase a share of the horse, which entitles them to winnings if the horse wins races.

 

• Racing Club

Finally, there is the option of joining a Racing Club. These clubs offer memberships to individuals who wish to participate in the sport of horseracing and essentially allow you to pay a subscription in return for the experience of owning a racehorse. The horse will be managed by the Club and the manager, rather than the individual members, and the former will take ownership of the horse.

 

Which Is The Best Option For Me?

 

The best option for you depends on what you’re looking for from owning a racehorse. If you’re interested in having fun and don’t mind taking risks, then being a sole owner might be the right choice for you. However, if you’re looking for something with a little less commitment, then you should consider partnering up with others in a partnership or syndicate.

 

Final Thoughts

 

Learning how to become a racehorse owner is not as elite and overwhelming as it may initially seem, and once you’ve taken the plunge, you may find that owning a racehorse is a great way to enjoy yourself. In the meantime, however, why not check out our easy-to-use horse racing calendar to discover the most exciting upcoming races here at Newbury?