Owners can expect to have a fun and friendly experience at Felstead Court Stables. Joe's open-door policy means his clients are encouraged to visit at their leisure and, importantly, feel part of a sociable and successful winning team.
Large and small syndicates are available to suit every budget and clients are offered competitive and affordable training rates. Joe uses the services of proven bloodstock agent Steve Hillen to help source every owner's perfect horse.
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.
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:
Partnership (2-12 people)
Each partner 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.
Syndicate (2-20 people)
At least one person must be a Registered Owner. The registered owner ('Syndicator') is ultimately responsible for the setup and administration of the Syndicate. Joe often undertakes this role, or acts as one of two Syndicators, in a yard syndicate such as our own Felstead Court Flyers.
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.
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.
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.
Have a question?
Joe is always happy to answer any questions from prospective owners, and will be happy to help you decide on the right type of ownership to suit you.
Please contact us with your enquiry.
Alternatively, the Racehorse Owners Association (ROA) has produced an online Guide To Ownership which provides a variety of detailed information for new owners.
Racehorse Owners Association (ROA)
The Racehorse Owners Association (ROA) has over 8,000 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 £242, just 67p a day, ROA members receive important and exclusive benefits, find out more here.
More information is available on the ROA website or call the Association’s London office on 020 7152 0200.