Should I get into ownership? Is it right for me? What will I get out of it?
These are big and important questions as you contemplate whether ownership is right for you.
Well, ask yourself this:
Do you love being a part of something meaningful? Something with ups and downs that can produce amazing rewards, challenges and opportunities, which you can drive or share with your friends?
If so, you’ve very likely come to the right place. Let’s learn more about trots ownership and whether it’s right for you. There are many ways to experience owning a harness racing horse.
First things first….
WHICH PATHWAY’S RIGHT FOR ME?
As a sole owner you’re entitled to the entire owners’ prize if your horse places or wins. You’re also responsible for the expenses associated with the horse, such as training fees, transport, farrier and veterinary costs. You can also create your own legacy by naming the horse and having their driver race in your personal silks.
A part-owner has the same privileges as a sole owner, however, you get to share costs as well as the rewards. Why not enjoy the moment with a close friend or family member?
Buying a share in a syndicate horse can be a cost-effective way to own a percentage of a racehorse, with shares starting from as little as $10 a week! Syndication allows you to invest in a racehorse and share the costs and potential rewards of ownership. As a member of a syndication, you will be part of a team that manages the horse’s racing schedule and financial decisions. Syndication members can attend races, visit the stables and experience being part of the exciting world of harness racing. It’s a great way to meet new people and enjoy all aspects of racing.
Leasing a horse can reduce your buy-in costs and can be a more economical way to get started. A lease involves entering into an agreement with the horse’s owner, where you typically pay a fee to race the horse for a specified period while the owner retains ownership.
Click here to examine the next steps in your ownership journey.