Games of Knowledge | Sports and Exercise

Games Guy | November 18, 2011

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Games Guy | August 16, 2011

Racehorse ownership is a very exciting and fulfilling endeavour. Thoroughbred horse racing was a privilege reserved for royalties in the past. Racehorse ownership provides you with access to directly experience the rich tradition of horse racing. The benefits that come with being a racehorse owner are countless. The enjoyment you get out of seeing your horse develop is a joy in itself. For many, it is a life long dream to own a racehorse. Fulfilling their childhood fantasies provides them great satisfaction beyond what money can provide. Also, the excitement of seeing your horse come charging down the stretch is simply incomparable. There aren’t many sports that can compete with this is the same way.

It is easier than ever to be a racehorse owner due to the various ownership options which are now available like racing partnerships No longer do you have to be sole owner Being a co-owner puts racehorse ownership within reach of people who cannot otherwise afford to buy and maintain one.

Racehorse ownership can also bring other benefits. There is the potential to win a serious amount of prize money if your horse is any good. In some cases, prize money is awarded to the first six that cross the line. Others would reward the top three only. Trophies are available for winning owners.

Another great perk of racehorse ownership comes on race days. When your horse is racing, you will get entry badges for easy access to the course, use of exclusive facilities, access to viewing areas, entry to paddock and an enclosure for the winning horse.

It is not unusual to receive appearance money. Appearance money is paid to encourage horses to run in particular races and is paid to the racehorse owner. In 2008, appearance money amounted to £1.5m.

The fourth benefit is the VAT reclamation for certain fees such as capital costs of acquiring the horse, racehorse training, veterinary, upkeep fees and so many other fees that the racehorse is eligible for.

The ROA Badge scheme gives 2500 raceday passes to racehorse owners every year which is another benefit of being a racehorse owner.

Sixth, sponsorship for racing. You are allowed to seek sponsorship for your horse. In return for publicising the logo or business which sponsors your horse you will receive money.

Naming your racehorse is the seventh benefit. If you buy a racehorse 2 yrs or younger then it probably won’t have been named. Providing the horse hasn’t been raced, you can have the enjoyment of coming up with a name for it. The name has to be limited to 18 characters or less. The name must not be used before.

The final aspect of racehorse ownership is choosing your racing colours or ‘silks’. Racing colours indicate who owns the horse and should be unique. The colour you select must not be similar to other silks. Race goer’s will want to clearly see who’s horses are running. All racing colours must be registered with the British Horseracing Authority.

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