Can We Sell Our Horse ?

If a racehorse is performing well it often leads to unexpected offers to purchase the horse.

In this case Race A Horse.com in consultation with the trainer of the horse would form a view as to the offer's reasonableness and then circulate the offer and their views on selling to all partners.

A decision to sell would then be based upon the majority wishes and Race A Horse.com would act upon the group decision therein.

What Happens When Our Horse Finishes Racing ?

Unless otherwise requested, the thoroughbred Race Horse is normally sold without reserve through a bloodstock auction with the sale proceeds distributed to syndicate members pro rata to their shareholding.

Who Will Manage My Horse ?

As we select and take an interest in all the thoroughbreds we syndicate we prefer to manage them through their racing career.

We will keep you informed through our OWNER LOGIN area of our website of your horses progress weekly when it is in training and unlike other Syndication Firms, we also update you weekly even when your Horse is spelling at Ferny Glen

What Are My Horses Colours ?

In most cases we race in Race A Horse.com colours, which are Gold body, Gold Sleves with Race A Horse.com Symbol and Gold Cap

How Do I Get Info About Horse ?

Racing is both a sport and service industry. As an owner in our team you are constantly updated by e-mail, fax or telephone as to the progress of your horse. We use the latest software that tracks all movements and activities that your hors will undertake. These are updated daily and can be viewed weekly by logging into the OWNERS LOGIN page and viewing all updated information about your horse.

We also have live support on our website so please feel welcome to send any questions you may have about your horse to our live support team and if they are online, they can answer your question immediately.

When racing - this includes keeping you fully informed with nominations, Trainer updates, acceptances & jockey information, etc.

How Do You Value Shares ?

All shares we offer for sale to the public reflect:

Purchase Price, GST, Breaking - In & Education, Race Series Nominations (where applicable), Vet Reports, Agistment, Transport, Farrier, General Veterinary Costs, General Holding Costs, etc. from date of purchase to the present time. 

Can I Sell My Share

A share in a racehorse is a re-salable commodity. However, it should be viewed as if selling a house or car. It may take some time until a buyer can be found. Seldom is a buyer immediately available. Under Australian Partnership Law, there are various mechanisms in place to dispose of share. In our partnerships (refer to our specific PDS), we require the partner wishing to sell their share to contact the Administration Manager and put the share up for sale to the other partners first. During this period the seller may also attempt to find a buyer however existing owners and the trainer have a pre-emptive right to the share.

Basically, partners want to sell their share for a couple of main reasons :
(a) Change in personal circumstances – e.g. Financial Hardship (bankruptcy, loss of job, illness etc.), Job re-locations in different countries, etc. or
(b) The horse is not showing enough promise as a successful racing prospect.

In part (a) above, if the horse is showing racing promise, it is never difficult to find a buyer from within the existing partnership structure. Should the horse not be showing enough ability then this relocates the situation into clause (b).

The clause (b) situation is unfortunately encountered in horses through injury, illness or lack of ability. They fail to reach their owners dreams. Should this be the case, the Racing Manager and the Administration Manager shall call a meeting or make formal contact with all partners with the view of dissolving the partnership. Should this be decided upon, then the preferential way of disposal of a horse is to sell it at a tried horse public auctions which are conducted each quarter at the Magic Millions or William Inglis sale yards.

Also Private Treaty sales may be negotiated.

Should I Insure My Horse ?

We insure the racehorse whilst syndication is being completed, however once this has been done and all shares have been sold it then becomes each syndicate member's resonsibility to insure their share of the racehorse.

We can refer you to an insurance agent who specialises in racehorses and current rates are in the order of 3.5% of the insured value.

You should be aware however that insuring your racehorse only covers destruction by death or theft and will not protect you from non fatal injuries which prevent ongoing racing.

What Are The Holding Costs

We advise our clients to budget $250 per month per 10% share ($3,000 per annum) to have a horse trained at the Gold Coast Race Track.

How Does The Prize Money Work ?

All prizemoney is distributed in proportion to your share in the syndicate after deducting standard trainer, jockey and stable percentages.

You can expect a cheque to be received about 30 days after successful race day performance

Can I See The Horse ?

As an owner you are always welcome to visit your stable with your family and friends to view your horse. A simple telephone call to arrange a suitable time would always be appreciated.

When the horse is not in training, you will be invited to our monthly B.B.Q.s at Ferny Glen Thoroughbred Stud at Canungra where you can see the horse and meet your fellow owners, your trainer and management staff in a friendly and family oriented environment. You will be sent an invitation to these special days by email notifying you of the of the next BBQ and the horses that will be available for showing. You will always be welcome to bring your family and friends to these days as they are designed to be enjoyable and friendly.