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Buying a horse

  • 05-07-2006 11:02pm
    #1
    holmsey
    Closed Accounts Posts: 24 ✭


    Hi,

    I'm looking for information about owning a racehorse.

    Myself and a group of family and friends are interested in buying a racehorse between us and were wondering about the costs involved.
    Obviously the costs of actually buying the horse can vary hughly it's more the training costs that I was wondering about. Can anyone give me an idea what the monhtly costs of having a national hunt racehorse trained in Ireland would be?

    Thanks


Comments

  • #2
    scargill
    Registered Users, Registered Users 2 Posts: 1,684 ✭✭✭scargill


    There is some information on Horse Racing Ireland website. (see Racehorse Ownership on top menu)


  • #3
    Noelie
    Closed Accounts Posts: 999 ✭✭✭Noelie


    I'd advise against it, my brother and dad have owned horses and they are very expensive to keep, you'd be much better using your money to back them.
    from what i can remember the traning fees where over 400 pm, don't know if that included food and other expenses.


  • #4
    dvdfan
    Registered Users, Registered Users 2 Posts: 2,953 ✭✭✭dvdfan


    400 a month wouldnt be too bad if u had a syndicate, but i always wondered if you dont have any connections why would a trainer give YOU the best horse in the stable or the best value. If it was u and u had a good thing in the yard wouldnt u either keep it for yourself or give first option to a good friend, this in mind would make you think. My Opinion is id love to own just entirely for the pride and craic but it would never be an investment just a hobby and if thats just what you want then go for it and good luck but ive absolutely no experience and it is getting away from the OP's original questin but hey!:p


  • #5
    holmsey
    Closed Accounts Posts: 24 ✭holmsey


    Cheers,

    The website looks helpful I'll contact them and see what info I can get form them.

    Yeah it's not an investment were looking for just more of a hobby, and a shot at possibly owning a horse that runs at Cheltenham!!!! Who Knows....
    But we don't expect to make any money from it or anythng.

    There's 9 of us hopefully getting involved so 400 a month definitely sounds possible, i was actually expecting it to be a lot more.

    As far as I can gather so far I think the idea is that you buy the horse and then bring it to a trainer or ask a trainer to give you advise on buying a horse at an auction and then he'll train it for you, rather than buying a horse directly from a trainer. So that sort of prevents them just landing you with some donkey.


  • #6
    fits
    Registered Users, Registered Users 2 Posts: 13,992 ✭✭✭✭fits


    You're looking at about 200 euro per week to keep a racehorse in training. Stuff like farrier, vet visits, registration costs and entries would all be extra. Its not cheap and 99 out of 100 horses wont pay for themselves.
    It may be a good idea to approach some trainers and have a chat with them. Then take their advice about how to go about buying one... I dont know much about this side of it.


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  • #7
    fits
    Registered Users, Registered Users 2 Posts: 13,992 ✭✭✭✭fits


    holmsey wrote:
    There's 9 of us hopefully getting involved so 400 a month definitely sounds possible, i was actually expecting it to be a lot more.
    .

    It will be double that


  • #8
    Bluetonic
    Registered Users, Registered Users 2 Posts: 7,588 ✭✭✭Bluetonic


    fits wrote:
    It will be double that

    18 into 400 euro is nothing so. ;)


  • #9
    holmsey
    Closed Accounts Posts: 24 ✭holmsey


    Any ideas what sort of trainer you could get with that money? Is it even possible to get a horse trained with some of the big name trainers (eg Dessie Hughes, Ted Walsh etc, I know this would probably be a lot more expensive again!!) or are they all contraced to owners who have loads of horses?


  • #10
    Bluetonic
    Registered Users, Registered Users 2 Posts: 7,588 ✭✭✭Bluetonic


    Give them a buzz, I'm sure they'd be only too willing to chat. The majority are only too happy to chat whenever I've bumped into them at a meeting.

    http://www.kildarehorse.ie/trainers/index.asp


  • #11
    pro_gnostic_8
    Registered Users, Registered Users 2 Posts: 1,223 ✭✭✭pro_gnostic_8


    holmsey wrote:
    As far as I can gather so far I think the idea is that you buy the horse and then bring it to a trainer or ask a trainer to give you advise on buying a horse at an auction and then he'll train it for you, rather than buying a horse directly from a trainer. So that sort of prevents them just landing you with some donkey.

    On that issue I would strongly recommend that one should consider the services of a Bloodstock Agent. A good agent will be familiar with what is available out there on the market, will be intimately knowledgeable with bloodlines and potential. Most importantly, he will be acting as YOUR agent -- with no conflicting interests that a trainer who is selling you a horse may have (sometimes just unloading useless meat from his stable). An agent will get you one to suit your circumstances at the best price available. Excellent value for the usual 2.5% commish charged.

    ps. Derby winner Sir Percy was picked up by an agent for £19,000


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