Once you have decided that purchasing a share or shares in a racehorse is for you, the next step is to talk to our Star Thoroughbred's team, about specifically what type of horse you are looking for and the financial outlay you are looking to pay, for your share, together with the ongoing costs for the horse. It is important to acknowledge that purchasing a share in a racehorse can be a high risk, with no financial return guaranteed.
The team at Star Thoroughbreds are able to give you details about the horses they have available in share purchases, together with the manner in which the Star Thoroughbred's partnerships operate.
Most of our racing partnerships are offered within the range of $8,000 - $25,000 (plus GST) per 10% share; however a 5% share purchases are sometimes available. The share price of the horse is generally reflective of the 'knock down' price of the horse at the yearling sale. The principal sales attended by the Star Thoroughbred's team are the Magic Millions sales on the Gold Coast in January, together with the William Inglis sales in Sydney and Melbourne.
The all inclusive approximate ongoing weekly costs to maintain a 10% interest in a horse trained by Chris Waller at his Rosehill, NSW stables are as below:
$295 (inc GST) per calendar month at 2 years
$371 (inc GST) per calendar month at 3 years
Once a partnership is fully subscribed, share owners are invited to offer suggested names for the horse. The most preferred available name, by the majority of owners is the name presented to Racing NSW for registration. Once the horse is registered and the owners take 'right title', owner communication about the horse comes primarily from the Chris Waller Racing stable staff, in conjunction with Star Thoroughbreds.