Ownership

Ownership

Marco Botti & The Team will be delighted to welcome your horses for training at Prestige Place. Marco is happy to train for individual owners, racing partnerships, clubs and syndicate owners; at Prestige Place all owners are assured of a warm welcome and a high level of service.

Marco & Lucie are familiar faces at all the major sales during the sales season, including Arqana, Doncaster Bloodstock Sales, Baden Baden, Tattersalls Ireland, Goffs and Tattersalls UK.
See our horses for sale page for our current list of horses available for purchase.

If you haven’t been involved in racehorse ownership before, you may like to navigate through the paragraphs below, which detail the different entries into ownership and the typical costs involved. At Prestige Place we can provide affordable involvement in horse racing, whatever your budget.
If you are an existing racehorse owner and already know your requirements, why not contact us by email or calling the office direct, and let us know what you require. If you are looking to purchase a horse Marco will endeavour to find the right horse for you at the forthcoming sales.

Sole Ownership
You will be the owner of the horse and no one else. As such, any costs and profits will be yours alone. You will also have a close involvement with any of the decisions regarding the horse. You will be able to choose the name of your horse and which colours will be worn in your name.

Co-ownership
Co-ownership of a racehorse involves the participation of more than one owner. It is effectively any type of racehorse ownership other than sole ownership. Entering into co-ownership of a racehorse can lead to a number of different variations in how you the owner are involved.

Types of Co-ownership
There are 4 types of co-ownership:

Company Ownership
The horse is owned by the company’s shareholders.
The company must appoint a Registered Agent to act on its behalf.

Joint ownership
Can consist of between 2 and 12 individuals.
The horse(s) can run in either a joint ownership’s name or the name of a joint owner.

Leasing
Leasing a racehorse involves ownership of a racehorse for a set period of time, perhaps for one race or for its racing career.

Costs that the horse incurs become the responsibility of the lessee for the lease period and in return the horse will run under the ownership of the lessee.

At the end of the lease the ownership of the horse returns to the lessor/the legal owner.

It is important that an agreement is made between the lessor and lessee with regard to the lease period, prize money split, if any, and any exceptional costs that may remain the lessor’s during the period.

The ‘Free Lease Exchange’ is another option for owners to consider. The scheme is restricted to members of the TBA & ROA with British consigned/owned horses. It is a joint initiative by the ROA and the TBA to put breeders of available horses in contact with prospective owners, by allowing breeders and vendors to offer their horses on a free lease.

Racing Partnership
Can consist of between 2 and 20 individuals of which at least 2 must become, or already be, registered owners.