Types of Racehorse Ownership
There are many options to be involved in owning a racehorse. Below are some of the variants that are available. Though anyone interested will have their needs met on an individual basis.
This is when you are the only person involved in the ownership of the horse and you have a 100% share in the animal. The horse will run in your name and colours. Any costs or profits will be yours alone.
A company can register as an Owner, owning horses 100%. The horse will be in the sole ownership of the company and the company's shareholders. Companies can also be an entity within a Partnership or Syndicate. The company must appoint a registered agent to act on its behalf.
For two or more people who want to share the ownership of one or more horses, and where all members of the Partnership are registered owners. Partnerships allow owners to define the percentage of each horse they own and split costs and winnings in accordance with ownership share.
For people who want to share the ownership of one or more horses. A Syndicate is managed and administered by the Syndicator/s. Only the syndicator/s must register as a Sole/Company owner. It isn’t necessary for members of the Syndicate to register as owners.
For people who want to pay a subscription to experience racehorse ownership. A Racing Club is managed and administered by the Club manager/s and it is the Club itself, as opposed to its members, that owns the horse/s.
Members pay a fee to be part of club and to enjoy some of the benefits of racehorse ownership. Only individuals who want to set up or administer a Racing Club must register as a Sole/Company owner. It isn’t necessary for members of a Racing Club to register as owners.
Leasing involves ownership of a racehorse for a set period of time. Costs that the horse incurs become the responsibility of the lessee for the lease period and in return the horse will run under the lessee. At the end of the lease agreement the ownership of the horse returns to the lessor/the legal owner.ownership of the