THE DIFFERENCE BETWEEN THE MOST COMMON FORMS OF RACEHORSE OWNERSHIP
Article by Tony Fleiter BEc., LLB
Principal of Macquarie Legal Practice
Owning and racing thoroughbred racehorses can be highly enjoyable and rewarding, particularly if you are lucky enough to own a horse that progresses to winning races, and if your horse is a fashionably bred colt and just happens to win a Group 1 race, then a stud deal is likely to be available.
But it is also highly speculative, as owners are required to incur racehorses include that the horse may die, or value is diminished as a consequence of the materialisation of an inherent risk, including accident, illness, infertility or sub-fertility, injury, or natural cause, or simply not progress to competing in or winning any races or Prize money.