How much does it cost to buy shares in a racehorse?
Share costs are dependent on the size of the percentage (from 0.1% to as high as 20.0%)Shares are available in racehorses range from £80.00 up to £5,000. You may need to buy more than one share if you want to qualify to be paid any winnings or want to be more likely to receive free Owners Badges.
Can you buy shares in racehorses?
Businesses such as SportBLX and Myracehorse.com are offering shares of racehorses to investors. For less than $100 a share, people can own a fraction of race winnings, stud fees and other revenue.
How do you get into horse racing industry?
How to Start a Horse Racing Business
- Get a headquarters. Horses require lots of space and special housing. ...
- Obtain a license. You can obtain your license from the state racing commission. ...
- Join the National Thoroughbred Racing Association. ...
- Purchase and breed horses. ...
- Register your horses with the Jockey Club.
How do you buy a racehorse?
Racehorses are usually purchased at public auction before they are old enough to have started their racing careers. As foals, yearlings (one year old) or two-year-olds, they remain untried commodities at the time of their sale. They can also be bought during their racing careers at sales featuring horses in training.