Racehorse ownership with Ed de Giles
It is very important that owning a racehorse is an enjoyable and rewarding experience for all and we believe that it is essential that our owners are kept up to date with all aspects of the training progress of their horses. Not only is Lilly Hall Farm a top class racing yard, it is also our home, in which owners are very welcome at anytime. After an early morning start watching the horses on the gallops, we would be delighted to discuss the progress and future plans for your racehorse over a hearty breakfast!
Through our invaluable contacts and knowledge we will always be able to find a racehorse that suits all your requirements.
Please check our horses for sale page and feel free to call Ed at anytime to discuss further.
There are many ways of owning a racehorse:
- Sole Ownership - whereby you will be the owner of the horse and no one else. As such, any costs and profits will be yours alone.
- Co-ownership – co-ownership involves more than one owner and is a great way of enjoying all aspects of racehorse ownership without the financial burden. Not only is it more affordable, but it is also a great fun and sociable experience for all of the horse racing enthusiasts involved. There are 5 ways in which this can be done:
- Racing Partnership – For two or more people who want to share the ownership of one or more horses, and where all members of the Partnership are registered owners. Partnerships allow owners to define the percentage of each horse they own and split costs and winnings in accordance with ownership share.
- Syndicate - For people who want to share the ownership of one or more horses. A Syndicate is managed and administered by the Syndicator/s. Only the syndicator/s must register as a Sole/Company owner. It isn’t necessary for members of the Syndicate to register as owners.
- Company Ownership - This is great way to advertise your company, as well providing fantastic corporate entertainment opportunities. A company can register as an Owner, owning horses 100%. The horse will be in the sole ownership of the company and the company's shareholders. Companies can also be an entity within a Partnership or Syndicate. The company must appoint a registered agent to act on its behalf.
- Leasing – Leasing involves ownership of a racehorse for a set period of time. 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 agreement the ownership of the horse returns to the lessor/the legal owner.
- Racing Club - This is a great way of being involved in racing, and a good way to start should you be interested in subsequently getting involved in racehorse ownership. Racing Clubs are not an independent form of ownership, and by joining or becoming a member of a Racing Club you receive the benefits of that Club, but are not entering into racehorse ownership yourself. A Racing Club is managed and administered by the Club manager/s and it is the Club itself, as opposed to its members, that owns the horse/s. Members pay a fee to be part of club and to enjoy some of the benefits of racehorse ownership. Only individuals who want to set up or administer a Racing Club must register as a Sole/Company owner. It isn’t necessary for members of a Racing Club to register as owners.
The yard is sponsored by Ed de Giles Racing.