FAQs

Grid Iron Racing was established by a group of individuals who share a common passion for horse racing, with the goal of creating a stable of horses to compete in both flat and jumps racing. Our objective is to make racehorse ownership accessible and pleasurable, while also contributing to the well-being of horses and supporting the industry.

Shares

Yes, purchasing a share grants you equity in the horse. All of our horses are separated into a clearly stated number of shares that are available for purchase. You may buy anywhere from 1 share to 100 shares per horse. The names of all shareholders that comprise the horse’s 100% equity ownership are registered with Weatherbys and the BHA.

Each horse is separated into a range of 1,000 to 2,000 shares, as outlined on the individual horse page of our website.

You can purchase up to 5% of the total shares in any one horse

It is important to remember that horseracing involves risks. Shareholders may not receive a return on their investment and may even lose money if the horse does not perform well or suffers an injury. You should look on the purchase of shares as entertainment and not for investment purposes.

Our share terms are typically for 12 months, unless otherwise stated, with a fixed end date. For instance, if you purchase your share 3 months into the term, your end date will still be the advertised 12-month end date, 9 months from when you bought the share.

Gift Shares

Yes, you can buy a gift card for shares in any of our horses. When you buy the shares, you can choose who to email the gift card to and the date they will receive it on.

Simply visit the website and add the correct number of shares to you basket. When you visit either the “basket” page, or the “checkout page”, you will see an area to enter the code sent to you in the email. Enter the code here and checkout. You should then receive a welcome email, with details of your ownership.

Being an Owner

Upon purchasing a share in a horse, you will be automatically enrolled as an owner. You will be included in all communications from Grid Iron Racing regarding the horse.

We will arrange stable visits to the trainer’s yard during the syndicate term. While we try to accommodate as many owners as possible to visit their horses, we usually cannot accommodate all owners at a single event. In such cases, we will hold a ballot for tickets and give owners the opportunity to bring a guest.

Each horse is allocated a certain number of Owners’ badges by racecourses. These badges permit free entry to the course, access to the paddock and winner’s enclosure, and use of the Owners’ and Trainers’ facilities. We distribute these badges via a ballot. Each owner receives one vote per share. For instance, if you have one share in the horse, you get one chance, and if you have ten shares, you get ten chances.

We also hope to work with racecourses to secure discounts on additional entry tickets for our owners whenever possible.

Racecourses impose restrictions on the number of people allowed into the paddock and winner’s enclosure. Therefore, only those with an official owner’s badge will have access to these areas.

However, for those who do not receive owner’s badges, we arrange meeting points to meet and greet on the day. Here, you can receive news and feedback from the trainer and jockey.

We will distribute 100% of all net prize money during the syndicate term in the following manner:

Prize money will be distributed annually per syndicate, except when a horse wins £100,000 or more. In such cases, we will review the situation and potentially distribute the funds sooner.

The sum allocated per shareholder will be the net total paid by Weatherbys. Weatherbys administers racing under contract from the sport’s governing body, the British Horseracing Authority.

The timing for a horse’s first race may vary. For example, Grid Iron Maiden was bought as a yearling in November 2022, she cannot race until she turns two on January 1, 2023. The first two-year-old races of the year are usually held around the last week of March 2023 or the first week of April 2023.

If we buy a horse as a two-year-old or older, they can theoretically run within a month. However, this depends on each horse’s level of fitness and other factors, such as suitability of upcoming races. 

The Syndicates

Yes, Grid Iron Racing’s terms and conditions have been reviewed and passed as compliant with the British Horse Racing Authority’s Syndicate Code of Conduct. Click here to read the Syndicate Code of Conduct.

All Grid Iron Racing syndicate horses will don the Grid Iron Racing silks. The Grid Iron Racing team  silks are black with white bands on the sleeves and white star on the body, and a black cap with a white star. To view a visual representation of our silks, please visit the About Us page .

In certain circumstances, such as deciding whether to sell a horse or not, a vote relating to the syndicate will be called for. We will always communicate this clearly and provide instructions on what action is required. However, if an owner fails to vote by the given deadline, their right to vote in that instance will be forfeited. In cases where all votes received result in a split vote, Grid Iron Racing will make a casting vote.

You can request a full refund within 14 days of purchasing your share/s. Please send an email to [email protected] to request a refund.

The Horses

The trainer will make all decisions regarding a horse’s training, entries, and declarations. We aim to keep you informed about the progress and decision-making process for your horses. It’s all part of the journey that we want you to be part of.

Grid Iron Racing will buy the majority of its horses through public auction at reputable thoroughbred auction houses such as Tattersalls. The price paid for each share in a horse represents the capital value, which is made public. If a horse is bought privately, Grid Iron Racing will only syndicate the horse for the capital value paid for it plus any costs incurred prior to racing. In the case of a yearling, these will include the cost of breaking in, vets fees and training to race.

To value a horse, such as when a syndicate is up for renewal, Grid Iron Racing will seek the opinions of the horse’s trainer and an independent bloodstock expert to determine what the horse would fetch at public auction.

No, we do not insure horses. However, we would review this on a case-by-case basis if a horse becomes highly valuable. In such situations, we would discuss insurance options and costs with all owners before voting on whether to insure a specific horse.

If a Grid Iron Racing horse fails to compete for any reason, the capital value will not be refunded. However, if, for example, the horse is retired from training, sold, or rehomed, the unused associated costs will be refunded on a pro-rata basis.

While we strive to invest in the highest quality thoroughbreds based on physical and temperamental attributes, along with top-notch breeding and trainers, there is still no guarantee of success on the racetrack. Therefore, if a horse demonstrates no aptitude for racing after three months and is sold or rehomed, a pro-rata refund (excluding capital) will be provided based on the trainer’s recommendation.

If the horse is sold, the profits will be shared equally among the shareholders in proportion to their ownership percentage.

Grid Iron Racing’s trainers work with some of the finest jockeys in the country. Ben Robinson is the stable jockey for Brian Ellison and there are a selection of top jockeys and apprentices regularly in use.