Horse Ownership

Own your own sports team! Own racehorses!

 

The thought has probably crossed your mind before: It would be so cool to own a racehorse, but I have no idea where to start.

It’s easier than you might think.

There are many paths you can take to becoming a horse owner and enjoying all the benefits that come with it. It’s like owning your own sports team.

UNDERPRESSURE - 05-18-18 - R08 - CBY - Winner's Circle• Hear Paul Allen call your horse coming down the stretch.

• Experience the magic of horse racing as never before.

• See your horse working in the morning, getting ready for the next race.

• Consult with your trainer on strategy and schedule.

• Be in the paddock on race day, as your horse is paraded before going onto the track.

Sound like fun to you? Contact Canterbury Park owners’ ambassador Erik Juvonen and he’ll be happy to answer any and all questions, absolutely free.

Ejuvonen@canterburypark.com

952-233-4832

Where to Begin?

You should start by choosing a trainer.

Once you have that person in place, he or she can guide you through the process of purchasing a horse and maintaining it.

How Much Does It Cost?

It depends, of course, on your financial standing, so there is no magic number.

But you can partner with people and pool your resources to buy a horse, which will spread the costs and allow you to develop a team of friends/colleagues to enjoy the races with.

The Canterbury Racing Club, for example, is a group composed of people who ponied up only $250 for the ownership experience.

How Do You Buy a Horse?

Race 01 Cowboy Luke 080313 CBY Turn - CopyThere are numerous ways to buy racehorses. A horse can be bought out of:

• Claiming races

• Public auctions

• Private sales

Work with your trainer to choose the best option for you.

How Much Does It Cost to Train?

Generally, the cost of training a racehorse is $2,500 to $3,000 per month.

What Do I Get Out of It?

There’s a certain romance associated with the Sport of Kings, and owning your own racehorse enhances that experience.

It’s a chance to have a real stake in the outcome of races, get special access to the stables and paddock and feel the thrill of victory when your horse comes out on top.

There are risks, to be sure, but unlike most other hobbies, owning a racehorse can turn into a lucrative venture.

Horse Ownership FAQs

If you still want more information, the Thoroughbred Owners & Breeders Association has answers to frequently asked questions.