BECOME AN OWNER
Frequently Asked Questions
Please see below a list of the most frequently asked questions regarding racehorse ownership. For more information, please get in touch!
1. How much does it cost to purchase a racehorse?
Racehorses cost from around £5,000 to over £100,000, depending on what they have achieved in their career to date, their pedigree and their conformation. Whatever your budget, we always look for value for money and focus on ensuring you purchase a horse that can get you to the winners’ enclosure.
2. How do I choose my horse?
We spend a lot of time researching form and pedigrees for every horse in each sale we attend. Those on the shortlist will then be viewed at the sales and, if necessary, vetted before going into the sales ring. As a prospective owner, you are very welcome to join us at the sales and buy your horse on the day, though most owners prefer to wait and choose from the horses we purchase.
3. How much does it cost to keep a horse in training?
Our training fees and the overall cost of keeping a racehorse (raceday fees, transport, vets etc.) can be viewed by clicking here. We would recommend budgeting around £15,000 + VAT for the year, though all VAT expenses can be recovered through Racing’s VAT Scheme.
4. Should I insure my horse?
This is entirely up to you and there is roughly an even split between owners that do and those that don’t. The cost is roughly 10% of the insured value of the horse per year. If you would like to insure your horse, we recommend Weatherbys Hamilton.
5. Can I name my horse?
All UK-bred foals, yearlings and store horses (unraced, National Hunt-bred three and four year olds) are unnamed when sold, so you can choose the name for these. French horses are named at birth, but providing they have not raced, you can usually change the name should you wish. Names are registered with Weatherbys and we can easily check if your preferred names are available.
6. How do I enter and declare my horse?
Entries, declarations and jockey bookings are all made through Weatherbys. The entry stage is usually 6 days before the race, while declarations take place at 10am the day before the race (48hrs before for flat races). Owners are always consulted before their horse is entered and declared.
7. What privileges does an owner receive on racedays?
When your horse is running, you will receive 6-10 complimentary Owners badges, which can be collected on arrival at the racecourse. Many racecourses will also offer a complimentary lunch, whilst winning connections are always invited for a glass of champagne after the race by the racecourse management, a great way to celebrate while watching a replay of the race!
8. Can I come and see my horse in training?
Absolutely! Owners are always welcome at the yard, as seeing your horse in action on the gallops is such an enjoyable and informative part of being an owner. We also have a dedicated owners’ room at the yard for when you visit, so you can watch the latest racing news and replays in comfort before heading to the gallops.
9. Can I bring friends and family to the yard?
Owners are very welcome to bring friends and family along at any time – the more the merrier!
10. How many times a year will my horse run?
National Hunt horses develop later than those on the flat and they don’t tend to start their careers until the age of four or five, though there are juvenile hurdle races for three year olds. From that point, most would race between 4-8 times a season.
11. What happens if my horse gets injured?
Horses are elite athletes and unfortunately, as in any sport, they do suffer injuries. We use the hugely experienced team at Summerhill Equine Vets in case of any issue. Time is the best healer for horses and, in most cases, they will return from an injury-enforced break as good as ever.
12. Is it possible to make a profit as an owner?
Prize-money in the UK is improving, but in most cases it is not on a par with the cost of keeping a racehorse and ownership certainly should never be treated as an investment, as is the case with most hobbies!