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%.
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
8 year old bay gelding: Oscar - Montys Mist
A 125-rated chaser who was a winner over fences as recently as August 2020, he is available at £1,800 for a 10% share, plus £150 per month to cover all monthly costs. Greater share holdings can be accommodated. The purchase price covers all fees until the end of October 2020. Email corvid_consulting @ yahoo.co.uk for more info, or call Simon on 07341 127576.
11 year old bay gelding: Pierre - Sabbatical
The winner of two chases, he is lightly raced for an eleven year old, having taken on four point-to-points and only twenty-five 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%
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%.
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.