No, the fee is a flat, one-off cost for the term. The only additional costs you may incur are in terms of travel, and food and drink at stable visits.
No, there is no monthly fee. All of the costs are covered by the initial one-off cost. There is no further commitment.
Initially, you will receive a welcome pack and share certificate. During your time as an owner, benefits include regular updates, a share of race prize money won, free stable visits, the chance to apply for free owners’ badges, and more.
Given that a racehorse is a living being, anything can happen and quite often does. Therefore, there can never be any guarantee that any horse will make it to a racecourse. Whilst we only buy horses that we believe will win races, there are no guarantees that a horse will reach our expectations. We keep owners fully informed throughout the journey.
Race prize money (the sum paid by HRI in accordance with the rules of horse racing) is distributed amongst the Members of the syndicate concerned at the end of each syndicate term, where a sum in excess of £200,000 accrues, in which case distribution shall be made within a reasonable period from the date of the company’s receipt from HRI. See terms and conditions for further information.
Yes, we arrange organised stable visits to all of our trainers. More information will be announced to all owners. Although we are unable to offer bespoke visits, we hope that all owners will be able to attend one of our organised visits. We will also be providing the opportunity to see your horse when it is on a summer break.
We give away the owners’ badges (some free and some at a reduced price) via a ballot. This is a truly memorable experience, particularly if your horse is a winner! Even if you are not lucky enough to receive an owners’ badge, lots of our owners still choose to attend the racecourse to watch their horse from the stands.
Yes, you will receive one chance in any ballot for every share that you own in that horse.
Given that a racehorse is a living being, anything can happen and quite often does. Therefore, there can never be any guarantee that any horse will make it to a racecourse. The horse still requires lots of care and attention when injured (sometimes with large vets bills). Therefore, no refund can be provided if a horse doesn’t make it to the racecourse. If the syndicate is ended early, then a pro-rata refund will be provided of all costs, excluding any capital costs.
No, a share purchase cannot be changed to a different horse after purchase.
All Elite Owners horses are covered for mortality insurance, with a theft extension. Therefore, the Club would be able to make a claim in the event of the death or theft of the horse, at any point during the club term. In the event of a claim, all funds received would be distributed amongst the club owners, in accordance with the number of shares held.
Racehorse welfare is our top priority. We are extremely passionate about the welfare of all of our horses, and will always ensure that any horse retired from Elite Owners is given a loving home when they retire from racing.
THERE REALLY IS NO OBLIGATION AT ALL AFTER THE INITIAL ONE-OFF PURCHASE!
All horses have a set syndicate term, which usually lasts for approximately 12 months, although this can vary.
Towards the end of the term, owners will receive a report from the trainer and the team, specifying the horse’s prospects going forward and a recommendation on whether we believe the horse should continue into a further term, giving everyone the chance to renew for a further term.
Owners are not obliged to renew their share(s) if they don’t wish to, it’s completely their choice. Once the syndicate term ends, any relinquished share(s) will automatically be released for sale and if those share(s) sell elsewhere, owners will receive the relevant share capital value of the horse, credited to their account.
If a low number of owners decide to renew their shares, the syndicate may be re-structured (see Terms and Conditions), or the horse may potentially be sold. If a horse is sold, the net sale price will be divided by the number of shares in the syndicate and all owners will receive their share of the net sale price to their account. If the syndicate does not continue into an extended period, any renewal payment for that new period, will be refunded.
Racehorse welfare is our top priority. If a horse has a setback in training or is deemed not to be fit enough to race for any reason, then the horse will rest until fit and ready. We are extremely passionate about the welfare of all of our horses, and will always endeavour to ensure that any horse retired from is given a loving home, when they retire from racing.
You can read the Terms and Conditions here.