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 Apart
from the excitement, involvement and expectation you get when
owning your own racehorse, there are a number of other benefits
that owners receive:
- Prize Money. Prize Money. Prize money in Britain
reached some £103.1 million in 2006, compared to £84
million in 2002. Some races offer prize money to the first
six horses, others to the first three or four.
- Raceday Privileges. When your horse runs you will
receive the following benefits: Entry badges to the racecourse
(between two and six badges, depending on the course, often
with more available to those belonging to partnerships).
Exclusive use of special owner’s facilities such as
restaurants at many courses. Most courses have special viewing
areas set aside for owners and all but a few have an Owners
Bar. Winning owners are often presented with a trophy. If
it is an optional trophy, the owner will have the choice
of retaining the trophy or taking the cash equivalent.
- ROA Badge Scheme. The Racehorse Owners Association
Owners Badge Scheme allows a maximum of 2,500 owners, who
have at least one horse in training, or the equivalent shares
in several horses, the opportunity to gain free entry to
over 800 race fixtures per year. Membership of the scheme
is free to members of the ROA, and the association membership
fee is £165. For more information please contact the
ROA Office on 020 7408 0903 or info@roa.co.uk.
- Appearance Money. The Appearance Money fund paid
out just over £3m in 2006. This money is distributed
according to certain criteria and all registered owners
are eligible. The Appearance Money Scheme will continue
in 2007. Make sure you ask your trainer about which races
are eligible to gain appearance money for your horse.
- The VAT Scheme. . Racehorse owners are able to
register for Value Added Tax and as such reclaim their outlay
on VAT for their racehorse interests. The costs eligible
for VAT reclaim include: Racehorse purchase, Training fees,
Veterinary and blacksmith fees, Horse transport, Livery
fees, Upkeep costs whilst the horse is at the owner’s
premises, Gallop fees, Jockeys riding fees and retainers.
To find out more about this scheme and how to register click
here.
- Sponsorship opportunities. Owners are able to seek
sponsorship for their racing activities. Sponsors can place
their logos on a number of available logo sites and gain
financial reward for this. For a copy of the guidelines
about racehorse sponsorship click
here.
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Ownership
Buying a racehorse
