0845 052 5264

Horses for Sale
Charlie Longsdon Racing

Racehorse Ownership

There are a variety of different types of racehorse ownership. The type that is most suitable for you will vary depending on your budget and the amount of involvement you would like. The different types of racehorse ownership are listed below.

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.

Sole Ownership

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

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:

  • Joint Ownership (2-12 people)
    Each joint owner is required to be a Registered Owner and percentages owned are specified for each horse registered. The horse can run in either a joint ownership name or in the name of one of the owners.
  • Racing Partnership (2-20 people)
    At least two partners must be a Registered Owner. The two registered owners ('nominated partners') are ultimately responsible for the setup and administration of the Racing Partnership.
  • Racing Club
    There are many different Racing Clubs in operation with varying membership fees. By joining or becoming a member of a Racing Club you receive all the benefits of that Club but you are not entering into racehorse ownership yourself.
    We currently have two Racing Club's in the yard, The Charlie Longsdon Racing Club is limited to 45 members and is run with the members owning part of the horse where as The Henacre Racing Club leases horses with 100 members.
  • Company
    A company can register as an Owner, owning horses 100%. The horse will be in the sole overship of the company and the company's shareholders.Companies can also be an entity within a Joint Ownership or Racing Partnership. The company must appoint a registered ageny to act on its behalf.

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

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.

Racehorse Owners Association (ROA)

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.

back to top