Being a racehorse owner brings with it many benefits. In years previous, racehorse ownership was reserved for the wealthy and privileged. 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. A lot of owners have this lifelong dream of owning a horse. Fulfilling their childhood fantasies provides them great satisfaction beyond what money can provide. There is nothing quite like the thrill of see your horse racing. 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 You can choose between being sole owner of a racehorse or part owner through a racehorse syndicates. Being a co-owner puts racehorse ownership within reach of people who cannot otherwise afford to buy and maintain one.
Aside from the intangible benefits, there are various visible advantageous attached to racehorse ownership. One is the huge amount of cash prize the winning horse stands to receive. Some competitions award prize money to the first six. Others would reward the top three only. The owners also receive commemorative trophies for their winning horses.
The second benefit of racehorse ownership comes on the race day itself. Race day perks include access to exclusive areas and facilities.
There is also the perk of appearance money. Appearance money is paid to encourage horses to run in particular races and is paid to the racehorse owner. Appearance money totalled approximately 1.5 million in 2008.
By owning a racehorse you become eligible to reclaim VAT paid out on the horses upkeep which includes training and vet fees.
The Racehorse Owners Association (ROA) Badge Scheme provides 2500 racehorse owners with free entry to 800 race fixtures each year, so even when your horse isn't running you can enjoy a day at the races for nothing.
Sixth, sponsorship for racing. You are permitted to seek a sponsor for your horse to help with costs. In return for publicising the logo or business which sponsors your horse you will receive money.
Naming your racehorse is the seventh benefit. Most weanlings, yearlings or two year olds in training are unnamed. So long as the horse is unraced, you will have the privilege of coming up with a name for it. The name has to be limited to 18 characters or less. Also, the name can't have been registered before.
And finally, there is the privilege of choosing your own racing colours. Racing colours indicate who owns the horse and should be unique. Your racing colours should not duplicate anything which is currently registered. This will allow race watchers to distinguish the runners. All racing colours must be registered with the British Horseracing Authority.
It is easier than ever to be a racehorse owner due to the various ownership options which are now available You can choose between being sole owner of a racehorse or part owner through a racehorse syndicates. Being a co-owner puts racehorse ownership within reach of people who cannot otherwise afford to buy and maintain one.
Aside from the intangible benefits, there are various visible advantageous attached to racehorse ownership. One is the huge amount of cash prize the winning horse stands to receive. Some competitions award prize money to the first six. Others would reward the top three only. The owners also receive commemorative trophies for their winning horses.
The second benefit of racehorse ownership comes on the race day itself. Race day perks include access to exclusive areas and facilities.
There is also the perk of appearance money. Appearance money is paid to encourage horses to run in particular races and is paid to the racehorse owner. Appearance money totalled approximately 1.5 million in 2008.
By owning a racehorse you become eligible to reclaim VAT paid out on the horses upkeep which includes training and vet fees.
The Racehorse Owners Association (ROA) Badge Scheme provides 2500 racehorse owners with free entry to 800 race fixtures each year, so even when your horse isn't running you can enjoy a day at the races for nothing.
Sixth, sponsorship for racing. You are permitted to seek a sponsor for your horse to help with costs. In return for publicising the logo or business which sponsors your horse you will receive money.
Naming your racehorse is the seventh benefit. Most weanlings, yearlings or two year olds in training are unnamed. So long as the horse is unraced, you will have the privilege of coming up with a name for it. The name has to be limited to 18 characters or less. Also, the name can't have been registered before.
And finally, there is the privilege of choosing your own racing colours. Racing colours indicate who owns the horse and should be unique. Your racing colours should not duplicate anything which is currently registered. This will allow race watchers to distinguish the runners. All racing colours must be registered with the British Horseracing Authority.
About the Author:
If you have a love for horseracing and want to have further involvement then a racehorse trainer can supply you with the essential next move towards racehorse ownership.
