Horses are either owned by BG Racing or leased for a fixed duration and then returned to their owner. Both offer the same benefits.
The exception to this is that for owned horses the share is purchased by the shareholder on joining and is sold on for them should they withdraw or if the horse is sold.
Each shareholding is operated on fixed-term (normally annual) with renewal (if applicable) at the end of that period. Shareholders of owned horses can leave at the end of the term if they wish and their share will be sold on at market rates.
Horses run under BG Racing ownership and colours. Shareholders will be provided with owners admission badges for every race that their horse runs in. Free badges (as many as can be obtained) will be allocated by random draw with each 1% owned entitling the member to one spot in the draw.
If shareholders do not get a free badge or as many free badges as requested – then where owners badges are available for purchase, these are obtained as cheaply as possible and sold to shareholders at cost price.
Owners Prizemoney (less VAT and a 10% administration fee deduction) is divided up annually by shareholding.
Any sale price of the horse (after deduction of sales fees) is divided up by shareholding if / when the horse is sold.
If a horse is owned and renewed, a professional valuation will be obtained and each owner will receive a payment in respect of any surrendered shareholding.
If the annual costs are less than had been projected when calculating annual fees, then a rebate will be made at the end of the year based on shareholding.
Shareholders can accompany the racing manager, Phil Boyle, on visits to the stables to see their horse and the rest of the trainer’s horses in the yard.
BG Racing tries to organise a couple of shareholder social events (stable visits etc) each year.
Shareholders receive a weekly email update and Phil can be contacted at any time to talk about the horses or provide an update.
Shareholders can elect to receive a daily email outlining our trainers’ thoughts on other runners from our yards.