Owning a Race Horse
With Anthony Honeyball, owning a racehorse is straightforward, great fun and very exciting. There are lots of different options available, depending on the depth of your pockets, and how involved you want to be with making decisions. We believe that our strength lies in being able to source young unproven horses that go on to have good potential.
Syndicates and Partnerships Costs and ownership are shared between a group, and this is a popular way of getting involved. Typically between 2 and 12 people share costs and winnings, and this can be a very sociable and enjoyable experience. We set up and run the Partnership. This means all the admin of running the co-ownership is carried out by us so you get ‘hassle free’ racehorse ownership. The different interested parties come to us, interested in buying a share in a racehorse, but not wanting to buy a whole racehorse.
Company Ownership The horse is owned by the company’s shareholders, and is an ideal way to promote your company, and to build your brand. Your horse can carry your company name – a great way to promote a business.
Sole Ownership You are the single owner of the horse. As such, any costs and profits will be yours alone. You will also have a close involvement with any of the decisions regarding the horse. You will be able to choose the name of your horse and which colours will be worn in your name, and you get to keep all the prize money!
Decimus Racing is a syndicate formed and run by 2 of our existing owners - Gill Langford and Martyn Chapman.
-Shareholding of 10 - ensures close involvement.
-Full Ownership, sharing in prize money and sales proceeds.
- Each Syndicate has a single Weatherbys account "owned" by all the shareholders.
- Lump sum payment on buying to be proportion of cost of horse, plus any associated aquisition costs, plus proportion of first periods insurance.
- Monthly standing order, once horse is in full training, of £190 which includes keep, gallop fees, training fees, entries and jockey fees, shoes and routine vets bills.
-Whole arrangement operated at cost, with no management fee but a small disclosed admin fee to cover minor incidents.
-Speedy Cash distribution once avaliable excess in account goes over £10,000
-Registered for VAT allowing reclaim of VAT on expenditure.
-Annual accounts shared with all shareholders.
-Rules for selling and termination.
-Any major exceptional expense, which may or may not require an extra contribution, to be decided on majority vote.
- Ballot for any trophies whether attending meeting or not, and rules for subsequent trophies.
-Rules about Owners badges, guest badges, winners rostrum, winners enclosure, etc.
-One administrator, or designated representative, to attend for each run.
-Fortnightly emailed newsletter to cover all syndicated horses.
- Specific emails on running plans.
-Two planned stable visits- Spring and Autumn. Additional visits by arrangement.