The ups &amp; downs of being a racehorse owner

gregbucks
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Re: Re: The ups & downs of being a racehorse owner

13 years 4 months ago

#196667

Craig Eudey Wrote:

> Original colours application R2400 renewal R870
> and Authority to act R575 all including vat.

Why apply for colours is you own the tail of a horse, after all if you own 10%, the horse will most probably not run in your colours... Not worth it imo....

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RACING GURU
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Re: Re: The ups & downs of being a racehorse owner

13 years 4 months ago

#196669

craig ,i think i can afford about R3000/month.........and it would be nice if i could be a partner with other clansman in a few horses that are possibly leased...from the breeders...i think that would be great fun....and u be our trainer..

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Craig Eudey
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Re: Re: The ups & downs of being a racehorse owner

13 years 4 months ago

#196680

Rg that would be great. Will keep an eye out for something to lease and let you know. Gregbucks if you want your name in the racecard you need to get colours.Eitther Individual or you can have partnership colours. If I charge you for a share in a horse you must have colours otherwise you are racing "under the lap" and I could loose my licence. You probably going to say just dont charge you!

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rob faux
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Re: Re: The ups & downs of being a racehorse owner

13 years 4 months ago

#196681

I rest my case............potential new owner for Craig's yard......a little bit of info and the hook is baited........lol

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Dave Scott
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Re: Re: The ups & downs of being a racehorse owner

13 years 4 months ago

#196682

Also keen Craig will be in touch

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Bob Brogan
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Re: Re: The ups & downs of being a racehorse owner

13 years 4 months ago

#196685

So if there is any breeders out there looking to lease us a few horses to be placed with Craig,give us a shout

or contact me

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bad company
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Re: Re: The ups & downs of being a racehorse owner

13 years 4 months ago

#196694

I'd also be keen craig, I'd like to buy a small share rather than lease, I find that more often than not lease horses have plenty problems and the vet bills shoot up

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Craig Eudey
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Re: Re: The ups & downs of being a racehorse owner

13 years 4 months ago

#196698

Thanks guys would love to train for and own horses with you. BC both ways have their pro's and con's. The lack of outlay with a leased horse helps some people and all you pay is the transport to the stable. The transport back is paid by the breeder. Another pro is if the horse is useless you just send it back. If you have a good horse then obviously you would rather own it.Just wish the horse could tell us first how good they were!

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soodum
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Re: Re: The ups & downs of being a racehorse owner

13 years 4 months ago

#196708

For a 10% share will i have all the benefits as a full owner on course? Whatever that may be

And what documentation will i be required to provide to become a share holder ?

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Craig Eudey
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Re: Re: The ups & downs of being a racehorse owner

13 years 4 months ago

#196735

If you a registered owner you will have all the benefits. Except in only the biggest feature races you dont even need to have a runner on the day to reap the benefits of owning a horse. I would suggest you also become a member as the facilities are also much better.

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soodum
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Re: Re: The ups & downs of being a racehorse owner

13 years 4 months ago

#196742

Whats the costs of becoming a gold circle member? And if im a membeer of gc will i also enjoy the benefits if i have a horse running up here or not on racedays ?

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gordo
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Re: Re: The ups & downs of being a racehorse owner

13 years 4 months ago

#196743

This is a great topic, and thanks to all especially Craig for his comments.

Excuse my ignorance, but only been in the game for about 2 years and have NO idea on owning a horse, but how does the distribution of stakes work? Not necessarily for a syndicate, but what percentage of the stakes does the owner get? In both a leased horse and an outright owned horse?

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