THE DIFFERENCE BETWEEN THE MOST COMMON FORMS OF RACEHORSE OWNERSHIP

THE DIFFERENCE BETWEEN THE MOST COMMON FORMS OF RACEHORSE OWNERSHIP

TonyArticle by Tony Fleiter BEc., LLB
Principal of Macquarie Legal Practice

Owning and racing thoroughbred racehorses can be highly enjoyable and rewarding, particularly if you are lucky enough to own a horse that progresses to winning races, and if your horse is a fashionably bred colt and just happens to win a Group 1 race, then a stud deal is likely to be available.

But it is also highly speculative, as owners are required to incur racehorses include that the horse may die, or value is diminished as a consequence of the materialisation of an inherent risk, including accident, illness, infertility or sub-fertility, injury, or natural cause, or simply not progress to competing in or winning any races or Prize money.

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Sire Custodians Ltd is the leading provider of syndicate management and consultancy services to the Australian thoroughbred industry.Sire Custodians Ltd maintains a comprehensive library of precedent documentation for the entire range of bloodstock transactions and is in a position to provide prompt, cost effective expert advice on all ownership and syndicate issues.

 

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AUSTRALIA

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