If you own a racehorse trained here at Park House Stables, you can expect to gain an insight into the training of your horse and the running of the yard as a whole, and to feel a part of the team. You will be kept up to date with the progress of your horse via phone, email and/or written reports (whichever you prefer) and you are welcome to come and visit the yard and see your horse exercise on the gallops. You can be involved in decisions as to when and where the horse will run, and on race-day will be entitled to all the owners’ privileges offered by the course (usually complimentary entrance badges and racecards, access to the parade ring and dedicated Owners and Trainers’ facilities, and celebratory hospitality if your horse comes home the winner!). If your horse wins prize-money you will be entitled to the owner’s share of that (around 75%), but most people own racehorses for the fun and enjoyment that such close involvement with the sport can bring – prize-money levels are such that few people make money out of owning racehorses.
“Our involvement at Park House started with Kingsclere Racing Club and it didn’t take us too long to have our own horse. Ownership at Kingsclere is great fun and a super way to get into the game. We thoroughly enjoy our visits and other aspects of having a horse in training – indeed we feel part of the huge racing family that is Kingsclere.” Martin & Valerie Slade
“What we love about Kingsclere is that every member of the team, whatever their role, is focused and professional but also very approachable. We are always made to feel very welcome. We always look forward to those summer mornings on the top gallops – the views are spectacular and it is a joy to be up there in the morning sun to watch the horses doing their work.” Mick and Janice Mariscotti
If you are interested in getting involved in racehorse ownership at Kingsclere, there are a variety of ways to do this:
If you purchase a racehorse on your own, the horse will run in your name and colours, and you will receive the owner’s share of any prize money and bonuses won. Of course, you will also be solely responsible for all of the racing and training expenses!
There are two options for sharing the ownership of a horse with others.
In a joint ownership arrangement, between two and 12 people are registered as owners of the horse. The joint owners must declare upon registration the percentage of the horse that each of them own – they will receive that percentage of any owner’s prize-money and bonuses, and will be liable for that percentage of the costs associated with training and running the horse.
A joint partnership arrangement involves a group of between two and 20 people. Only two of them need be registered owners, and these nominated partners are officially responsible for the setting up and administration of the racing partnership. They will also be ultimately responsible for the costs associated with the horse, and for receiving any prize-money and bonuses won by the horse, although a partnership agreement between the members of the racing partnership will set out how these costs and benefits are dealt with in practice.
There are a number of commercially run joint partnerships or syndicates where managers deal with administration in return for a management fee, but we are also happy to help you set up your own joint ownership or joint partnership arrangement with friends or family, or to put you together with other like-minded Kingsclere owners in a co-owned horse.
It is also possible for the shareholders in a company to own a racehorse, and for the horse to run in the name of the company and in colours registered to the company.
One way of reducing the costs of racehorse ownership is to lease a horse for a period of time. This avoids the cost of purchasing the animal. During the period of the lease the lessee will be responsible for all costs connected with the training and racing of the horse, and will receive the owner’s share of any prize-money and bonuses won by the horse. The lessee registers as the owner of the horse during the period of the lease and the horse will run in the lessee’s name and colours.
Another option is to join a racing club. Membership does not involve actual ownership of a racehorse, but enables you to be involved with one or more horses owned by the club and to experience many of the benefits of ownership for a lesser financial outlay.
The Kingsclere Racing Club has 25 members and leases shares in between 12 and 17 horses in training at Park House Stables – for more detail please see here.
Buying a racehorse
Most racehorses are bought through public auction at bloodstock sales. They can be bought as foals, as yearlings, as young two year olds which have not yet gone into training (known as ‘breeze-up’ horses as they gallop or ‘breeze’ in public before the sale), or as older horses which are already in training and in many cases have a race record.
Most of the horses Andrew trains (aside from those bred by their owners) are bought as yearlings, and Andrew and his team attend all of the major yearling sales, which happen from August to October each year. They will buy horses specifically for owners but also usually buy a few horses they like ‘on spec’ which will then be available for purchase from the yard.
If you buy a yearling in the autumn it will not race until the late Spring the following year at the earliest, and many take longer to develop sufficiently to be ready to run. It can be both interesting and fun to watch young horses progress and to dream of future glory(!), but Andrew also buys older horses from the major horses-in-training sales in July and October, and/or from the breeze-up sales in the Spring. There are also other horse sales throughout the year, and horses may often be purchased privately.
If you are interested in getting involved in racehorse ownership at Kingsclere, please contact Andrew via the office on 01635 298210 (or firstname.lastname@example.org).