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Racehorse ownership an option for all

Sean O’Brien member of the Capel Street Syndicate, owners of Rovetta

In association with Horse Racing Ireland

The beauty of horse racing ownership in Ireland? You don’t have to have pockets as deep as JP McManus, Michael O’Leary or Rich Ricci to be successful at it.

The fallacy among folk can be that without a mountain of dough to dip into, horse racing ownership is beyond me or you.

Total Recall Racing Club, have had 3 winners at Galway. Pic: Patrick McCann
Total Recall Racing Club, have had 3 winners at Galway. Pic: Patrick McCann

In the present day, that notion could not be further from reality.

Thanks to the innovative minds within the Horse Racing Ireland’s Ownership subsidiary, part- or sole ownership of horses has become a feasible project for practically everybody, particularly those interested in creating or joining a syndicate.

Horse Racing Ireland (HRI) are keener than ever to expand their reach across the land and believe that affordable ownership can increase the numbers interested in and directly involved in racing, irrespective of whether an individual or a group, has a background in the sport.

Over at racehorseownership.ie you can browse through a flipbook which details the proposals HRI have for dipping your toes into the ownership game.

There are avenues into sole ownership, partnerships, syndicates - a path increasingly travelled by friends and families - club and company ownerships.

We live, of course, in a far more diverse and open world and HRI’s penchant for evolution on- and off-course continues to intrigue new punters.

The masses that will flock to Ballybrit for the Galway Races annual festival will hammer home that point.

Just imagine, though, venturing to Ballybrit in 2019 or 2020 with your own colours among those lining up by the starter for the Thetote.com Galway Plate or one of the many valuable Flat races on offer...

There is literally something for everyone nowadays in ownership of horses in this country.

Ahead of the 2017 Grand National at Aintree, HRI CEO Brian Kavanagh, in an exclusive podcast interview with Irish Examiner Sport, touched on the subject of ownership and how the organisation planned to make it more of an open book for people

Running In Heels Syndicate. Pic: Alain Barr
Running In Heels Syndicate. Pic: Alain Barr

“Horse racing in Ireland is extremely competitive,” Kavanagh explained. “But what we try to do is balance the programme across the board so that there is something for everybody.

“When the economy crashed, people cut back on owning horses. And, for a long time, during that slump, it was the bigger owners, the overseas owners that kept things going.

“Now, however, in the last 18 months to two years we have seen a chink of light here in Ireland where people are prepared again to get into horse racing ownership, be it in a syndicate or partnership.

“We have opened a new ownership department at Horse Racing Ireland in the last two years who are working with trainers to get new owners.”

And that particular department is clearly working wonders.

As recently as July 19, HRI issued a press release with favourable numbers from the 2018 Six-Month Irish Thoroughbred Racing industry statistics which illustrated the increase in ownership interest.

For example, new owners were up 19%, the number of new syndicates increased by 44%, prize money was elevated by 4.4% and race sponsorship was also enhanced by 7%.

Those figures will arouse interest in prospective owners. And they should. Of course, not every new owner will source a would-be equine superstar such as Kauto Star or Frankel from Goffs, Tattersalls or Goresbridge.

However, that’s the dream. And who says dreams cannot become reality in the horse racing world? After all, it has happened for so many owners already. Why not you, too?

For more details, visit http://www.racehorseownership.ie/


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