What are the ongoing costs after purchase?
You will be invoiced by the agistment farm, the breaker, the trainer and the vet clinic as costs are incurred for your share in your horse.
Depending on who is training your horse ongoing costs when in training for a 10% share, will range from $400 per month to $550 per month for training and vet charges. The agistment cost will average $110 per month per 10% racehorse share.
Ongoing Costs Guide:
Use the following information as a guide to what ongoing costs will amount to.
- 5% Share – Approx $160 per month Training – $55 Spelling
- 10% Share – Approx $320 per month Training – $110 Spelling
For a Syndicate of 10 people with a 10% Share it would cost each member around $48 per month for training and $11 per month when your horse is spelling in the paddock.
There are no hidden costs and we DO NOT charge any Administration fees, we absorb the costs for our owners.
Do l receive invoices from the trainer or Australian Thoroughbred Bloodstock?
At Australian Thoroughbred Bloodstock all owners involved in a partnership (5% share or greater) are invoiced directly by the trainer, vet and agistment farm. If you are a small shareholder and part of one of our syndicates then we will split the bill and invoice you direct for your shares costs.
What vet fees will l incur?
Typically, vet charges are for routine drenching, consultations, X-rays, gelding as ordered by the trainer, for maintenance, or when they have a concern. No significant surgery is undertaken without direct consultation with each partner.
Do l get my name in the racebook?
Up to 20 owners can have their names in the racebook. If you own a share equal to or greater than 5%, you will be registered as an owner, and your name will appear in the race book. If you have a minor share, less than 5%, then you will be part of an ATB syndicate, and your name will be listed under the syndicate name, allowing you racecourse entry on race day.
How is the prize money distributed?
Providing that all owners register their bank details on the registration paperwork, then the racing authorities transfer prize money directly to your account. In other cases funds are credited into the ATB bank accounts and distributed to each partner.
What happens when the horse’s racing career is over?
At the end of the career owners have the option to vote on sending the horse to auction, retaining to breed with (Mares) or for ATB to find the horse a nice home for retirement. In these cases we vote as per the Co-Owners Deed everyone signed.
Can l contact the trainer?
Yes, you can call the trainer or visit the trainers stables by appointment.
How do l get updated on the horses progress?
ATB provide updates on the horses progress and trial and race schedules by email as advised by the trainer (some trainers email owners direct). ATB provide Trial programs and results, prerace and post race reports by email and mobile messages to all partners.
Do l get an opportunity to name the horse?
Yes, all owners are requested to submit a name for registration. These names are drawn and submitted to the Registrar of Racehorses for registration.
How does horse insurance work?
Equine insurance is available for Mortality insurance only. Insurance is available from a number of insurers at around 5% of the purchase value – less the GST component at purchase time. The value is then reviewed with the insurer and is dependent on track performance. Each owner has the option to insure or not insure their share.
Can l take my family to the races on race day?
Generally on race day each 5% owner will receive an entrance ticket to the course, members enclosure (plus a guest pass). On feature days it is at the discretion of each club whether they choose to provide guest passes. The Owner will also receive a ticket to the mounting enclosure.
What is an owners card?
In Victoria, all registered owners and syndicate members receive an owners card which streamlines racecourse entry, offers a free race book and drink voucher. Other promotions include free entry to Moonee Valley race course on some occasions.
Where is the horse kept when it is not racing?
A large percentage of our horses spell at our farm - Manningtree Park. We feel this works well as we can manage feeding and also tend to those horses that are injured or need to be contained in boxes as part of certain rehab processes. We have access to farriers, Vets, dentists, chiropractors etc. A small portion of our horses are spelled on properties aligned with the trainer.