So, I want to buy a share in a racehorse. How does it work?
Many hours are devoted to analysing races to find the perfect horse for our racing conditions. BPM Bloodstock procure horses from New Zealand and Australia to be competitive in your state. Shares available for ownership are found on our website with shares usually offered in factors of 2.5%. For more information about our horses and to get involved, please contact us here.
How much does it cost to maintain a share in a racehorse?
In total, training bills are approximately $2000 per month, with each owner paying for their share of the bill. Additional cost may incur for extra expenses, such as a vet bill. Part of the initial cost of buying a share may cover the payment of the first month’s bill. BPM Bloodstock hope that all syndicated horses win prizemoney to cover the on-going cost of the horse. Mid-week races are usually worth $4000 for a win, while weekend Metropolitan races are usually worth between $7000 – $10000 for a win.
Does my name appear in the race book?
Each owner of 5% or greater of a racehorse will be entitled to have their name appear in the race book. Where a share of less than 5% is owned, there is no guarantee that your name will appear. If this is the case, then your share will be registered under the syndication name.
Are there any risks involved?
Whilst the purpose of the syndication is to race for entertainment, recreational sport, and financial gain, not all racehorses will win or place in every race. No guarantees can be made by any party that any standardbred offered by BPM Bloodstock is assured of racetrack success. Even though a lot of time and effort is put into finding the correct horse that should run well in Australian races, there are inherent risks associated with owning a horse that include risk of accident, injury, or disease that can lead to a failure to compete in or win races.
What should I expect during my racehorse ownership experience?
BPM Bloodstock strive to deliver to each and every owner an exciting experience, along with constant communication and supreme service. As an owner, you are given the opportunity of being part of an incredibly special group of people who enjoy the thrill of watching their horse race. You will have the chance to participate in an ‘Open Day’ at the track or stables to meet the trainer and your horse, along with staying informed on present and future plans for your horse.
Additionally, you will be granted stable access during race meets and free entry to major race meetings (when your horse is engaged to race). You will also a receive a BPM Bloodstock cap to showcase joining the special ranks of our BPM family!
How often will the horse race and where?
Horses are not able to train all-year round. BPM Bloodstock, in conjunction with the trainer, will develop a plan that combines both training and spelling periods. When racing, you can reasonably expect your horse to race weekly to fortnightly. Spelling periods vary in length of time depending on the needs of the horse and the targeted race meets, which can be as short as a 10 day freshen up, or as long as an 8 week break. This does not take into consideration the time required to get your horse back to race fitness.
Our horses race all over the eastern seaboard (VIC, NSW, QLD) however we are primarily based in Sydney. Your horse may start it's BPM racing career in one stable but can change to another stable in a different state if this is more suitable to the horse's racing style.
As a racehorse owner, what correspondence do I receive regarding my horse?
BPM Bloodstock send out regular updates about your horse through email and WhatsApp messaging. Pre- and post-race emails are sent to all owners, which include how your horse has been training, an analysis of the field, main dangers and your horse’s race strategy. If your horse is spelling, emails are sent as needed to keep you updated with how your horse is fairing. In addition, BPM Bloodstock keep you informed about the progress and welfare of your horse, and any additional charges that may occur.
It is the responsibility of each owner to advise BPM Bloodstock of any changes in contact details.
Can I see the monthly bill and how long do I have to make my payment?
BPM Bloodstock aim for transparency in billing accounts. In the second week of each month, all owners will be sent an update of the account ledger kept for your horse, which replicates the bank account showing all bills paid and prizemoney collected throughout the prior month.
When receiving an invoice, you will have 14 days to pay the owing amount. If the amount has not been paid after the due date, BPM Bloodstock may serve a written notice demanding payment be made within 7 days. If the amount remains unpaid, the owner, by default, relinquishes any shares in the horse. The defaulting owner remains personally liable for any unpaid debt.
If my horse wins prizemoney, where does the money go?
All prizemoney goes into an account handled by the syndicate manager. This account is used to pay the monthly training bills for your horse. At a point deemed reasonable, money is distributed back to each owner, keeping in mind that money will remain in the account to pay for future training bills.
Once your horse is sold or retired, the account will be emptied with all money distributed accordingly.
Does BPM Bloodstock retain any prizemoney that my horse may earn?
BPM Bloodstock takes no prize money. All prizemoney earned by a horse is proportioned to each owner’s shareholding, including those registered under the syndicate name.
Can I visit my horse and speak with the trainer?
Yes, you can. In conjunction with the syndicate manager, we can organise for you to visit your horse and speak with the trainer. We also hold an ‘Open Day’ where you can meet other owners and BPM Bloodstock syndicated horses at the trainer’s stable or at the track. Owners are encouraged to visit their horse in the stable pre- and post-race, to take photos and meet other owners, bearing in mind that the trainer will be busy prepping the horses for racing.
Track and stable visits cannot be guaranteed during Covid restrictions.
Is it important to join the WhatsApp group for my horse?
Yes, BPM Bloodstock highly recommend joining your horse WhatsApp group. It is within your group thread that you will receive live updates on race day including photos, videos, and any key significant changes in the market. This is a great way to get to know other owners in your horse and share valuable racing and training information.
Inclusion in the group is a privilege and as such, misconduct can result in removal from the group chat.
I’ve bought a share in a horse, but I’ve changed my mind. Can I get my money back?
BPM Bloodstock offer a cooling off period or either 7 days or until horse documentation is submitted, whichever comes first. Once the documentation has been submitted, your share is finalised. BPM Bloodstock needs to be notified in writing of any changes to the purchase within this timeframe.
Am I able to sell my share later on if necessary?
If your circumstances change and you no longer wish to have a share in your horse, BPM Bloodstock will endeavour to help you sell your share. Your share will be offered to existing horse owners at a negotiated price. If this is unsuccessful, BPM Bloodstock will advertise your share online but cannot guarantee the sale of your share.
Until the share is sold, the owner must continue paying for any outstanding bills. In the case that all avenues are unsuccessful in selling, you can relinquish your share, if and only if, it is agreed upon by BPM Bloodstock.
So, what happens once the horse's racing career is over?
The welfare of our horses is vitally important to us, both on and off the racetrack. In the circumstance where a horse races until the end of its career, BPM Bloodstock will do everything in our power to rehome your horse to ensure a high quality of life beyond racing.
Additionally, NSW Harness Racing has commenced construction of a Bathurst training centre that will allow for the retraining of standardbreds. The Re-Homing Program opens avenues such as companion riding, social opportunities, and rewarding programs for disabled riders and other special needs groups for retired pacers and trotters in rural NSW.
1.Payment of racehorse shares
Once you have committed to buying a share in a syndicated horse, you have 5 working days to finalise the payment. After this time, BPM Bloodstock will not hold a reservation on your share, and it will be open to re-sell to the public.
2. Cooling off period
The cooling-off period consists of either 7 days or until the horse documentation is submitted, whichever comes first. Any payments received during this time will be returned by bank transfer. The buyer must notify BPM Bloodstock in writing of any changes to the purchase.
3. Payment of monthly fees
When receiving an invoice, you will have 14 days to pay the owing amount. If the amount has not been paid after the due date, BPM Bloodstock may serve a written notice demanding payment be made within 7 days. If the amount remains unpaid, the owner, by default, relinquishes any shares in the horse. The defaulting syndicate participant remains personally liable for any unpaid debt.
4. BPM Bloodstock Manager Fee
Owners agree to pay a monthly management fee of $100. This is included in the monthly training fee.
5. Management of account
All prizemoney from Harness Racing NSW and/or Interstate Harness racing authorities are sent to the syndicate manager of each horse. An account will be kept for each horse ownership group, where prizemoney will be kept and used to pay for monthly training bills and any other bills occurred.
6. Appointing a trainer
The BPM Bloodstock Manager is responsible for appointing the trainer. Owners may be consulted before changes are made but the Manager’s decision is final.
7. Acceptance of the invite for inclusion in the WhatsApp group
The owner agrees to the following conditions:
8. Name inclusion in the racebook
An owner of not less than 5% of the horse will be entitled to have their name appear in the race book. Where a share of less than 5% is owned, there is no guarantee that your name will appear. If this is the case, then your share will be registered under the syndication name.
9. Selling your share
BPM Bloodstock will endeavour to help in selling your share of a syndicated racehorse but cannot guarantee the share will be sold. The owner must continue paying for any outstanding bills, until the share is confirmed as sold. In the case that all avenues are unsuccessful in selling, the owner may relinquish the share, if and only if, it is agreed upon by BPM Bloodstock.
BPM Bloodstock is not liable for any financial loss resulting from buying a share in a racehorse. While every endeavour is made to choose the right horse, there can be no guarantee that the syndicated horse will result in financial gains.
We and/or people authorised by us may gather and process the information that you may provide when accessing the Website, such as your name. address, email address and other personal information about you. BPM Bloodstock does not pass this information on the third parties.
Should you not understand anything contained in these terms and conditions, please contact BPM Bloodstock on 0423 233 288. When you purchase a share, it is taken as acceptance of the terms contained herein.
While these terms and conditions are current at the time of production, management reserves the right, without notice, to vary, change, amend or delete any part thereof at any time for any reason. Prior to acting on reliance of these terms our valued customers are encouraged to confirm these as theyappear are current and in force. BPM Bloodstock information correct as at 15August 2021.