For further information, the Racehorse Owners Association (ROA) has produced an online Guide To Ownership which provides a variety of detailed information for new owners. If you would like to know any more or would be interested in becoming an owner with Charlie Longsdon Racing, please contact the office.
You will be the sole owner of the horse and any costs and profits will be yours alone. You will have a close involvement with any of the decisions regarding your horse and you will be able to choose your own racing colours name your horse (if he is not already named at purchase). The horse will run in your own name.
Co-ownership of a racehorse involves the participation of more than one owner and can be an extremely cost effective way to get involved.
The following types of co-ownership are available:
The ROA strongly recommends that owners involved in co-ownership sign up to a Syndicate Agreement. Template agreements can be found on their website.
Leasing involves ownership of a racehorse for a set period of time. Costs that the horse incurs become the responsibility of the lessee for the lease period and in return the horse will run under the ownership of the lessee. At the end of the lease agreement the ownership of the horse returns to the lessor/the legal owner.
It is important that an agreement is made between the lessor and lessee with regard to the lease period, prize money split, if any, and any exceptional costs that may remain the lessor’s during the period. A template lease agreement can be downloaded from the ROA website.
The Racehorse Owners Association (ROA) has over 7,800 members and promotes and protects the interests of racehorse owners in Great Britain, making members' racehorse ownership more cost-effective and enjoyable. For an annual subscription of £230, just 63p a day, ROA members receive important and exclusive benefits, often easily paying for the membership fee:
More information is available on the ROA website or call the Association’s London office on 020 7152 0200.