How To CHOOSE Racehorse

It comes down to how much you want to get, you can buy a whole equine or a share. Buying can be considered a huge expense outright, with a racehorse priced at from a few thousand to a huge number. Generally National Hunt horses are cheaper than smooth racers. The Racehorse Owners Association says it costs around £20,000 to teach a racehorse for a year. And there may also be race entry fees, veterinary insurance and costs. Figures from the UK’s largest racehorse auctioneers, Tattersalls, show that in its autumn horses in training sale, the common sold for 22,839 guineas, or £23,980.

Guineas will be the traditional money for selling horses: one Guinea equals £1.05. While exclusive ownership might be only for the richest, syndicates (or partnerships) are away to find yourself in horse-racing for less. Today The first racehorse syndicates were setup by Highclere Thoroughbred Racing 20 years ago and, it’s the largest manager of syndicates in Europe, with celebrity owners including Sir Alex Elizabeth and Ferguson Hurley.

Indeed, Highclere’s horses are chosen by John Warren, the Queen’s bloodstock buyer, and are positioned with top trainers. Mr Herbert says a good flat-racing equine would cost about £100,000 and training would be around £20,000 a year. The syndicates are usually made up of two horses and generally have 20 shareholders, with the typical cost of the share around £14,000-£15,000. This is actually the first-year cost: becoming a member of a syndicate is a three-year dedication.

In the second and third years, the cost would be around £3,000-£4,000. In June and are fully subscribed quickly, New syndicates come up. After three years, the horses in the syndicate are usually sold (often to continue their racing careers in Hong Kong or Dubai). Then the syndicate is finished up and shareholders are paid out.

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If the equine has sold for more than it was bought for and has gained races, they could get more than they invested back. But this is rare. National Hunt race is a lower-cost alternative to flat racing. The horses are cheaper – males are usually gelded so there is no chance of selling on to stud – but the prize money is also lower.

Nick Brown of Nick Brown Racing, who operates two syndicates, one membership with 25 members and two partnerships. He’s presently offering eight stocks in five-year-old gelding Smart Exit – who received on his last outing – for £2,000 plus £175 per month training fees. Or for £400 plus £20 weekly for training fees you could be one of the 25 shareholders in Omaruru, an Oaks is roofed by whose lineage winner.

Mr Brown said his owner’s range between company directors to plumbers. Prizes at racing are taxes free but if you buy into a syndicate and get out at a loss, you can’t offset that against capital benefits tax. Among the cheapest methods for getting a feel of what it is to possess an equine is a race club.

The largest racing club in the UK is Elite, which has 10,750 associates who pay £185 for a fixed 12-month contract. Associates of the club aren’t owners of any right part of a racehorse. Top notch has 18 horses in training and 10 brood mares currently. Award money is distributed among members but any profits are held by the golf club from selling the horses. Members pay their own costs of going to the races.

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