The Basics
MyRacehorse is a new kind of ownership model; we offer fractional shares of elite racehorses so that anyone can experience the thrill of racing at the top level! We have a team of bloodstock experts who choose horses at public auctions and in private acquisitions, and offer real shares of those horses through our website and mobile app.
Our goal is to enrich the horseracing experience for each owner. In addition to having a direct equity percentage in the horse, we offer regular updates on how your horse is doing, race day events and training yard tours so you can meet the connections and experience ownership from the sales ring to the racecourse!. When the horse races, you can gain access to the winners’ enclosure and parade ring though our lottery system. We will also occasionally offer premium (paid) events on race day including owner-exclusive parties.
Horses are living, breathing, fragile animals and no guarantees can ever be made about the outcome of an investment in a racehorse. Most investments lose money, some break even, a few are profitable, and a select few are extremely profitable. We are here to provide a marketplace to make investing safe, secure and fun, but we are not removing the risk from racehorse ownership.
No, there are no out of pocket expenses after your initial purchase. The price of a share includes a prepaid amount for the care and training of the horse. In order to ensure the training and maintenance account maintains sufficient reserves race earnings are used to top off the account. In the event additional funds do need to be raised, MyRacehorse will have the option of issuing additional shares at whatever the market price is at that time.
Buying Shares
Anyone over the age of 18 from a qualifying jurisdiction can purchase shares.
It’s important that only one name is associated with each account. That being said, you’re welcome to share your login information with friends or loved ones, and if your friend has a MyRacehorse account, you can contact uksupport@myracehorse.com and we can add them to our mailing list for email updates about your horses.
MyRacehorse does offer gift cards that you can buy for someone else. Once they receive the gift card, they can check out our offerings on the website or app.
Yes, we can help you transfer the shares, as a gift, to another MyRacehorse account holder. All transactions must be executed by emailing uksupport@myracehorse.com.
Yes, if there are still shares available, you’re welcome to purchase more.
Currently, MyRacehorse does not offer a secondary market for the trading of micro shares. This is a feature that we will be looking to incorporate in the future, however; there is no time table for it’s availability.
There is no maximum number of shares you can buy per horse, as long as there are shares left to purchase.
Each horse has a number of shares offered based on percentage owned of the horse and percentage value of the shares offered. Once that threshold is reached the offering will be removed from the site. As long as there are shares remaining you can add additional shares.
There are four parts to an offering:
The Horse – This is exactly how much was paid for the horse via private purchase or auction.
Acquisition Costs- These are all of the fees that are associated with acquiring the horse and getting them ready to race. It includes expenses like sales & use tax, insurance, transportation, veterinarian expenses, and the bloodstock commission fee. This account is a cash reserve account, so anything that isn’t used is returned pro rata to owners.
Prepaid Training – This covers training and care of the racehorse. It covers 24 months worth of expenses, depending on the horse. This is a cash reserve account, so anything that isn’t used is returned pro-rata to owners.
Management Fee – This is the MyRacehorse fee to acquire the horse, offer it via micro-shares on MyRacehorse.com, and handle the behind the scenes logistics of managing a racehorse.
Firstly, it is important to say that the value we paid for the horse is the value that we syndicate to our owners. MyRacehorse operates at a 25% margin. That is to say that of the total offering (including cost of purchase, any costs we have to pay, for example, commission, training fees and management of the horse with the Protected Cell Company) 25% is retained by MRH. We never sell shares greater than the purchase value of the horse, here is a breakdown below:
You are buying a direct equity percentage in the racing and breeding shares of the horse you have chosen. We establish a company for each horse offered, and offer shares of that horse to be purchased.
Horse Ownership
All horses listed on MyRacehorse undergo an exhaustive diligence process that includes a veterinarian check, conformation evaluation, and value assessment. The assessment includes pedigree analysis, race history, remaining conditions, and several other factors that determine the fair market value of a horse. Only horses that meet the vet, conformation and value assessment requirements are eligible to be listed on MyRacehorse. However exhaustive our diligence process is, no guarantees can be made in terms of how successful they will be on the race track. Our goal is to use the best practices, partner with credible horsemen, and be rigorous with our diligence/assessments, but there will always be an element of risk.
We strive to provide updates every week, but some horses will update more or less frequently. Ultimately, it depends on the horse’s trainer and ownership group.
Search the ‘Groups’ function of Facebook for the MyRacehorse UK Facebook page. When you join, you’ll be prompted to enter in the order number for your share to verify your owner status. That order number can be found at the top of the email we sent you to confirm that your order was placed.
If you no longer have a copy of your order confirmation email, you can also find this number by going to the account section of our website, then selecting “Orders” to view a detailed history of your past orders with us.
Yes, but you must be accompanied by a MyRacehorse Owner Concierge. Escorted tour opportunities are posted in the app, and are on a first come first serve basis. Our terms and conditions with the trainers, racecourses and partners require all microshare owners to be accompanied by a MRH Concierge, so you’ll need an escort regardless of whether you have an owners’ license or not.
We are excited to announce our Certificate of Authenticity is now available for all MyRacehorse owners. This certificate can easily be printed from home or you can visit our shop and choose to have it framed along with a picture of your horse.
If you need to find it, log into your MyRacehorse account, and select MyHorses from the main menu. Click on the name of the horse you’d like a certificate of ownership for. Look at the toolbar along the top and on the far right there will be COA (Certificate of Authenticity). When you click, there will be a prompt to download.
Yes you can. Whenever one of our horses wins, we provide owners a link so they can directly purchase a winner’s enclosure photo from our shop with the option of having it framed.
For each horse, we have a select number of passes to provide access to the parade ring prior to the race. We distribute those passes among a horse’s shareholders via a lottery. You may enter for yourself, or yourself and one guest. Each share that you own of a specific horse entitles you to one entry into the lottery. You only need to enter once, our system will count your shares and make the appropriate number of entries. All entrants are notified of the results the evening before the race with the instructions for the winners on how to receive their credentials.
Yes. Racecourses have been extremely supportive of MyRacehorse and in many cases we will receive a large number of Winner’s Enclosure credentials. When you enter a Parade Ring Lottery, you are automatically being entered into a Winner’s Enclosure Lottery. In most cases all entrants will be provided Winners’ Enclosure credentials. In the case that a finite number of credentials are available, winners will be notified the night before.
Whenever a horse races, the prize-money earned will be used to top up the reserve account, which is what we use to pay for ongoing expenses like stables, training, vet bills, etc. At the end of the calendar year, MyRacehorse will reconcile the account for each horse and our goal is to be able to pay out a yearly dividend to each owner based on their horses earnings. We will provide a detailed breakdown of the account and any payout within 60 days of January 1. If your horse wins a particularly large purse, such as the Goffs Million or a Breeders’ Cup race, MyRacehorse would potentially pay out a special dividend to those owners regardless of the time of year!
Each horse listing will specify the location of the trainer’s yard where the horse will live. Plans can change over time, and it may be necessary to move the horse to another trainer.
The trainer and the Co-Ownership group have the decision making authority as outlined in the co-ownership agreement for each horse.
Micro owners do not have any say in how the horse is managed. At present, the Syndicate Owners (MyRacehorse) are participants in the larger horse ownership group, and the intent is for the Co-Ownership group and the trainer to make decisions regarding the horse.
No, you do not have to become a registered owner to enjoy all of the benefits of micro-share ownership at MyRacehorse.
Aftercare
MyRacehorse has pledged a commitment to the wellbeing of thoroughbreds after racing. We team up with various organisations within the UK and Ireland to find new homes and careers for our retired racehorses. Not only do we make charitable donations to these great organisations, we actively participate in the safe transition and long-term placement of retired thoroughbreds.
The term Aftercare in horse racing refers to the safe transition, placement, and retraining of horses once they have been retired from racing. Some second career examples include eventing, hunter/jumper disciplines, dressage or trail riding. Depending on what is best for the horse, Aftercare organisations may decide to retire certain racehorses to a relaxing environment to live the rest of life out in the pasture at a loving home. Retired horses previously owned by MyRacehorse have gone on to second careers in jumping, eventing, or just living a healthy and peaceful life with other animals on a farm.
For every share on the platform, MyRacehorse directs a contribution to our Retired Racehorse fund. When one of our horses is retired, and a second home is chosen, the fund associated with that horse will go towards the rehoming/retraining fee. In addition, we contribute to Retraining of Racehorses in the UK and Treo Eile in Ireland, the two associations we work with in making the best plan for each of our retiring racehorses.
It depends on their age, soundness and prospects for a second career. MyRacehorse will always consult a licensed veterinarian and use their expertise combined with the trainers to determine a plan that is right for each horse.
Tech Support
We’re working on revamping our UI so customers can update their email addresses themselves. In the meantime, you can send an email to uksupport@myracehorse.com.
Visit this link and enter the email address you used to set up your account. We’ll email you a password reset link so you can set a new password for your account.
Payouts are issued to your MyRacehorse Wallet. You can view your wallet balance at any time by visiting the Account section of our app/website. Your wallet balance can be applied to any order placed through MyRacehorse.com, or you can request a wallet withdrawal to have your balance sent to you via check or e-payment.
If your payout hasn’t been issued yet, it’s most likely because your account profile is incomplete. Before we can issue any payouts, we need a full name and mailing address for all owners.