The ownership of a thoroughbred racehorse must be registered with the Agency before the horse can race. Once ownership has been approved, you can then apply for approval to race a horse.
There are a variety of ways you can register your ownership. This includes:
- Sole ownership: where you take full responsibility for the horse
- Partnership: where you race the horse with up to twenty people and share ownership for a percentage of the cost and prize money
- Syndicate: where you register a group of up to twenty people, and the syndicate then owns a share in the horse
- Promoters and Syndications: where you own a race horse purchased through a licensed promoter. You will own a share in the horse with a group of people and share ownership for a percentage of the cost
- Lease: allows you to race a horse without owning or purchasing the horse
You are advised to contact the Agency in the first instance to discuss which ownership option would best suite your situation. The registration and approval process will vary depending on the type of ownership you choose.
