Fractional ownership makes racehorse ownership accessible to a wider group of people. By owning just a small share, the cost is divided into manageable amounts (this could be as little as a few hundred rand per month). However, as a part owner you still get 100% of the excitement and enjoyment. And, of course, you share in the horse’s earnings.
- There are a few important points to note with respect to our syndicates:
- we retain a share ourselves, so our money is committed alongside yours
- we often include the racing careers of fillies at no cost, which is massive added value
- depending upon the horses, the initial purchase price of the colts could be well below production cost
What’s the deal with the fillies?
The fillies are included in the stable on the basis of a no-cost lease. This means that you benefit from their racing careers, but they revert to Normandy Stud for breeding at the conclusion of their racing careers.
Do colts get sold?
Yes, it may happen that we get a crazy offer for a colt that is showing exceptional ability. It is also possible that average horses are sold when they appear to have reached the limits of their potential. The sales proceeds are distributed to part owners according to shareholding, after the deduction of any commissions or sales costs.
What happens when horses race?
You attend the races as if you owned 100% of the horse, in that you have access to the parade ring before the race, and space permitting, you will lead in the winners. We undertake to make hospitality bookings (cost for your account), so that the social aspect of the racing can be enjoyed.
What about stake earnings?
The prize money for a race is divided amongst the first five finishers, with the majority going to the winner. The trainer, jockey and groom all get a share of the stakes. In the event of a win, the trainer will levy an additional percentage. We credit the earnings to your monthly costs account.
Who makes the decisions?
The syndicate nominee, Oscar Foulkes, in consultation with the trainer. However, as far as is practical, these will take into account the wishes of the majority of shareholding.
How will I know what’s happening?
You will receive a monthly update, bearing in mind that it could take six to 12 months before a horse has its first race. Pre- and post-race reports are distributed.
What are the monthly costs?
Training fees and routine veterinary care cost approximately R12500 per month per horse. You will pay a pro rata share of that, determined by your shareholding.
What about NHRA?
The National Horseracing Authority is the body that polices horse racing. You would need to register as a fractional owner, which is a simple process with a nominal charge.