Racehorse ownership is a very exciting and fulfilling endeavour. Previously, only the rich and privileged could afford to own a racehorse. Racehorse ownership provides you with access to directly experience the rich tradition of horse racing. The benefits for the owner are numerous. Being involved in your horses training and development is a thrill in itself. A lot of owners have this lifelong dream of owning a horse. Fulfilling this dream brings with it great satisfaction. Also, the excitement of seeing your horse come charging down the stretch is simply incomparable. Few other sports can compete with the adrenaline rush that horse racing brings to the owner.
Owning a thoroughbred is made easier these days by different ownership avenues available to racehorse owners such as racing partnerships. No longer do you have to be sole owner Being a co-owner puts racehorse ownership within reach of people who cannot otherwise afford to buy and maintain one.
Racehorse ownership can also bring other benefits. If your horse is any good you could stand to win a fair amount of prize money. Some competitions award prize money to the first six. However, the prize money could also only be awarded to the first three. In 2008, the estimated amount of accumulated prize winnings of the horses reached a staggering ?106 million. Owners also receive trophies if their horses win.
The second benefit of racehorse ownership comes on the race day itself. When your horse is racing, you will get entry badges for easy access to the course, use of exclusive facilities, access to viewing areas, entry to paddock and an enclosure for the winning horse.
The third advantage is the appearance money. Some races provide appearance money for the horse. In 2008, appearance money amounted to ?1.5m.
The fourth benefit is the VAT reclamation for certain fees such as capital costs of acquiring the horse, racehorse training, veterinary, upkeep fees and so many other fees that the racehorse is eligible for.
The ROA Badge scheme gives 2500 raceday passes to racehorse owners every year which is another benefit of being a racehorse owner.
The sixth benefit of racehorse ownership is sponsorship. Sponsorship can provide the owner with financial help towards the upkeep of the horse. You will get monetary rewards if you place the logo of the sponsor for advertisement purposes such as in the racecards.
Naming your racehorse is the seventh benefit. Horses under the age of 2yrs are generally unnamed. So long as the horse is unraced, you will have the privilege of coming up with a name for it. The name has to be limited to 18 characters or less. The name must not be used before.
Lastly, the selecting your colours or ?silks?. Racing colours indicate who owns the horse and should be unique. Your racing colours should not duplicate anything which is currently registered. Those people watching the race will need to be able to identify who?s horses are running. The racehorse owner must register the colours with the British Horse Racing Authority.
Tags: benefits of racehorse ownership, day at the races, horse racing, racehorse ownership ?
Source: http://www.balease.com/503/8-benefits-of-racehorse-ownership/
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