
The cost of owning a racehorse varies but the main components are training fees, shoeing bills, vets fees and BHA costs (race entry fees, jockey fees, registrations etc.). When the horse is at racing fitness £1700 per month would normally cover all costs. This cost can be reduced by getting sponsorship for the horse (relatively easy) and registering for VAT under the horseracing “Scheme”. Then all VAT, including the purchase price of the horse, can be reclaimed. This would reduce the cost to about £1450 per month making a syndicate membership possible for as little as £72 per month.		A trip to the races with your own horse is an exciting experience, from socialising in the “Owners & Trainers” bar then watching your horse being saddled, standing in the parade ring with the trainer, meeting the jockey to the actual race itself. The thrill of leading in a winner, with the following champagne reception offered by most courses, is a never to be forgotten experience. The thrill of ownership will be enhanced with visits to the stable to watch your horse work, school and progress. Some of our owners visit regularly on a Saturday morning and enjoy breakfast with the staff after watching their horses work.		We also hold an annual “Owners Day” when you can meet the other owners, enjoy lunch and drinks, view all the horses and watch them parade on the lawn. In addition there is a quarterly newsletter to keep you up to date with all the news at Southfield. So you can see racehorse ownership is affordable, rewarding and will provide you with many exciting, lasting memories.