The Basics
MyRacehorse offers the excitement of racehorse ownership to any casual fan by way of fractional shares; in most cases, under £200. Our goal is to open the doors of ownership and offer owners a rewarding and engaging experience that connects them to their horse.
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 through our lottery system. We will also occasionally offer premium (paid) events on race day including owner-exclusive parties.
When we first put a horse on the site, we will have an ‘Indicate Interest’ tab where you enter your email. Once we are ready to release the shares, the people who have ‘Indicated Interest’ will have the first chance to purchase.
Yes! Your horse company is a for-profit entity. If the horse is ultimately profitable—which is measured against the cost of purchasing the horse, training, maintenance, and other costs associated with operating the syndicate —you can expect to receive a dividend. Of course, there’s no guarantee that the horse will turn out to be profitable and in many cases horses are not profitable.
No, there are no out of pocket expenses after your initial purchase. The price of a syndicate 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 prize money earnings (if there are any) 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
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 the syndicate of that horse to be purchased. It is an actual share; there is no expiry date and you own it for the entirity of the horses’ career.
Anyone over the age of 18 from a qualifying jurisdiction can purchase fractional 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.
If we believe the initial offering is still a fair valuation, we’ll make shares available for purchase again at the same price point within a few days of the race. If our team determines that the race had a significant impact on the valuation of the horse, and as a result the initial share price no longer fairly represents the value of this offering, we will stop offering shares in that series. Management might look into offering the series at a new price.
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.
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.
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; our horses are never oversubscribed. Our Management fee is listed on the Buy Page and the Purchase Term Summary for each horse. MRH will also receive a portion of prize money and a commission for the sale of any Horse, which is also detailed on the Purchase Term Summary.
If a horse wins a race very impressively, it is reasonable to expect the value to increase. If we are considering a share price change, we obtain a number of independent valuations from trusted professionals such as Tattersalls, Goffs, and different bloodstock agencies. We then publish those on the relevant horses’ page with an explanation of the new share price. We have been clear from the start that when you buy a share with MyRacehorse, it is a real share that does not expire which is why those who purchase shares early can benefit from their share as their horse progresses.
Horse Ownership
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 on the website. Our terms and conditions with the trainers, racecourses and partners require all owners to be accompanied by a MRH representative, so you’ll need an escort regardless of whether you have an owners’ license or not.
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. Click on the Offering tab and scroll down to the Profile section. Near the bottom you will see the words Certificate of Authenticity with an icon next to it. Click on that icon and follow the prompts to download and print your certificate.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, MyRacehorse would potentially pay out a special dividend to those owners regardless of the time of year!
The trainer and the Co-Ownership group have the decision making authority as outlined in the Co-Ownership agreement for each horse.
Fractional share 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.
Aftercare
Tech Support
We’re working on revamping our account section so customers can update their email addresses themselves. In the meantime, you can send an email to uksupport@myracehorse.com requesting an email change and a member of our staff will update it for you.
You can reach the MyRacehorse Shop by emailing ukshophelp@myracehorse.com or by calling our dedicated support line, +44 (0) 20 4515 2330.
Breeding Syndicates
The Stradivarius Breeding Syndicate will last until December of 2024 where we will sell both Blackbird Power (in foal to Stradivarius) and the 2024 Stradivarius foal at the Tattersalls December Sales. In the future, we will look at potentially keeping a foal to race, but for this first breeding syndicate we wanted to have a clear end date while we learn how owners are enjoying the journey!
MyRacehorse owns 50% of the mare Blackbird Power in partnership with The National Stud. We are offering 1000 shares of the breeding syndicate for a price of £56/share.
Blackbird Power is a young, healthy mare, and has every chance to successfully get pregnant and carry a foal full term. However, there are always things we cannot control, and we cannot guarantee a live foal. We can make sure she receives the best veterinary care possible, and The National Stud will do everything they can to ensure the mare does deliver a live foal. If for any reason she does not, and The National Stud is in a position to supply another mare/foal of similar value, they will do so.
We are thrilled to partner with The National Stud on this syndicate, and as part of our partnership they have offered to host monthly private tours for MyRacehorse owners. You can enter the lottery to win the tours, where you will meet your mare (and foal if it is born), learn more about the Stud, and of course get to see the legend Stradivarius himself in his daily routine.
The share includes ownership in the mare Blackbird Power and the future foal. Once they both sell, owners will receive their pro-rata share of proceeds from the sale of both the mare (hopefully in-foal again to Stradivarius) and the foal. Please see the Offering Terms for more detail.