Single shares of 5% or more do not require a syndicate to be formed and can be purchased outright.
All 5% & 10% shares get their owner’s name in the racebook plus associated owner’s privileges on race day.
If you want to be assured of mounting yard tickets at the races, especially on feature race days at the big tracks like Flemington and Caulfield, then a share of 5% or more is the way to go.
Owners of 5% or 10% racehorse shares are responsible for the full ongoing monthly costs of their share, unlike horse racing syndicates, who share all costs between syndicate members.
From our experience owning 5% & 10% shares with Australian Thoroughbred Bloodstock we can use the following guidelines for ongoing costs.
5% share: $200 per month (training) $50 per month (spelling)
10% share: $400 per month (training) $100 per month (spelling)
The figures will vary on occasion but we have found the average monthly cost for a 10% share in an ATB horse will be around $300, with a 5% share half that figure.
Use the above figures as a general guide and it won’t be far off the mark.
Looking to get involved in racing your own horse? Talk to the the best in the business, Darren Dance, and he’ll put you on the right track.
Call Darren on 0417 616 666 and start racing your very own racehorse today!