Types of Ownership
Whether it is for the excitement and fun of owning a racehorse or as an investment, as a Standardbred owner you will also be joining a diverse ownership group. Successful businessmen, sports stars and people from all walks of life enjoy the competitive nature that Harness Racing offers. Imagine the thrill of watching your horse race at Addington Raceway or Alexandra Park, hearing the roar of the crowd as your horse thunders down the home straight, in front.
You may choose to buy, breed or lease a racehorse, spending from as little as a few hundred to a few hundred thousand dollars, in pursuit of finding the right one. History has proven that elusive champion can come from the smallest country paddocks through to the “blue blooded” breeding barns, but of one thing you can be sure, once involved you will be hooked!
From one to ten people can be named as individual owners, sharing the costs and the rewards. This is the most common form of ownership.
Syndicates are a popular form of ownership, enabling the costs to be shared between two to fifty people. The syndicate will have a manager that will report on the progress of the horse. This can be the most economical way to race a horse. It is also a great way to break into and learn about the sport. HRNZ has a list of registered syndicators should you wish to join. A syndicate with more than 50 shares is possible, but must be approved by the HRNZ board.
For more around syndicates and frequently asked questions - click here
You may want your business to own a horse, thus creating a fun team building or social opportunity.
Family Trusts may also own a racehorse, subject to terms and conditions set out by HRNZ.