Is Leasing the best option for me?
Leasing a share in a racehorse will suit you if you are experiencing your first steps into racehorse ownership or you are just simply unsure about what the benefits of racehorse ownership can bring you. If you decide to lease, then you are required to keep your horse for minimum term of 6 months. After your minimum lease term finishes you can decide if you wish to continue with the same horse, choose a different horse or terminate your membership.
Cost of leasing shares
If you decide to lease share(s) then you have opted for our short term option. You do not actually own your share (you only have an interest) therefore there is no initial fee to be paid and you only have the appropriate monthly training fees to pay. Note that minimum period for leasing is 6 months.
Training fees for leasing in 2017 are as follows:
10% share for £299.99 (unless otherwise stated)
5% share for £199.99 (unless otherwise stated)
We reserve the right to change prices of training fees depending on prices passed on us by third parties.
Note that the above mentioned prices are all inclusive and at no time will we ask for any more money from you. The monthly fees include things such as taking horses to gallops, blacksmith, jockeys, vets, fees, entry fee for races, transport etc.
- You will receive your share percentage of the net prize money your horse has won since you joined the Club. Please note that you have to be a member for a minimum of 6 months before you are eligible for your first share of prize money (you will then receive all prize money from when you first joined the club).
- You can attend our member’s day at stables. Please note that these are arranged in advance.
- You will receive our opinion on whether any horse in the Club is worth backing or not via a free text message service which act as a reminder when other Club horses are running. (Please note you will NOT receive information about other horses in stables which are not owned by Koo’s Racing Club).
- You will receive owners badges when your horse runs allowing you access to the tracks owners and trainers facilities.
Disclosure: When you decide to get involved with a racehorse you have to be aware that unfortunate and unexpected things can happen. Long term and sometime fatal injuries can occur. Should this happen then your lease has finished, but as a goodwill gesture we will offer you to swap to a different horse and you can then choose if you wish to accept our offer or not. One good thing about leasing shares is that should your horse be retired or fatally injured you will not lose any initial upfront cost.
Insurance: Please note that horses running in Koo’s Racing Club are covered only by Third Party Insurance (injury/damages to others), but are not insured against fatality.