The ownership of a thoroughbred racehorse needs to 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, including:
- Sole ownership: you take full responsibility for the horse.
- Partnership: you race the horse with up to twenty people and share ownership for a percentage of the cost and prize money.
- Syndicate: you register a group of up to 20 people, and the syndicate then owns a share in the horse.
- Promoters and Syndicates: you own a race horse purchased through a licensed promoter and own a share in the horse with a group of people and share ownership for a percentage of the cost.
- Lease: you 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.
Please be aware that you need to comply with the specified rules and your registration may be subject to conditions.
