This involves purchasing the horse or horses, and then paying a monthly fee, dependent on the proportion of the horse owned.
Obviously sole outright ownership is possible, and all sorts of syndicate numbers are permitted - the minimum ownership that can be registered with Weatherbys is 5%.
The Secret Circle offers a racing club, where members share in a lease on a team of horses, both flat and jumps. Payment is by fixed monthly subscription.
It also has a branch where horses are offered for purchase in syndicates. This involves an initial outlay plus a monthly fee that is dependent on what percentage of the horse the syndicate member owns
This method is similar to the purchase method, with monthly fees in proportion to how much of the horse is owned. The difference is that instead of being bought outright, the horse is leased for an agreed term.
Again the minimum ownership that can be registered on a lease with Weatherbys is 5%.
10 year old grey gelding: Martaline - La Gaminerie
A handful of shares (30%) have become available in this promising chaser - a winner this spring. They are available in either 10% shares at £1,000 down payment, plus £200 per month all in, or 5% shares of £500 plus £110 per month, all in. Contact Tony Waters on 07462 860 408 for complete details.
11 year old bay gelding: Pierre - Sabbatical
The winner of his last two races of Spring 2018, he is lightly raced for a nine year old, having taken on four point-to-points and only fifteen races under Rules. He is part of the Lump O'Clock syndication, and 20% of him is still available. The prices are £750 for 5% or £1,500 for 10%. Monthly costs are £75 for 5% and £150 for 10%
Anyone wishing to get involved with ownership in the yard can contact Zoe on 07812 007554 (alternatively Andy on 07970 839357) at Shovelstrode Stud Racing Stables. There are a variety of options available, including on horses bred at Shovelstrode, from dams that raced for us.
With sole ownership and syndication, all costs and all prize-money goes are for the registered owner(s), but for the other options the terms are subject to agreement at the time of lease or joining. Please also note that training and racing fees are all subject to VAT, but the British Horseracing Authority do have an established scheme by which the VAT can be deemed recoverable.