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 …
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