• Ownership

  • For a horse to race under your name, syndicate, partnership etc, you must register these details with HRI.
    The ownership registration takes two days e.g. if the forms are received in order on a Monday, the account is up and running on the Wednesday.
    Sole owners (1 member), Syndicates (5-20 members), Partnerships (2-4 members), Clubs (unlimited) and Companies are the various ownership options available.
    Yes, they still must register in Ireland if they are going to have a horse in training in this country with a licensed Irish trainer.
    As a sole owner, you must race under the name (or initials) that appear on your official identification. The other forms of ownership give options to race under a syndicate or partnership name.
    No, HRI documents are not legally binding and for that reason HRI advises new and current owners to have a written agreement drawn up between themselves stating any private details of actual ownership etc. Ideally this should be witnessed by a solicitor.
    All accounts must have a minimum of €500 per horse lodged – from this comes the initial set up fees and charges with the remaining balance then going towards entries, riding fees etc.
    By calling the Registrations Dept (045 455424) a provisional check can be carried out.
    Initially consult with your trainer who may have someone in their locality. Alternatively contact Horse Racing Ireland for the details of Kildare based producers.

    An Authority To Act is an agreement whereby a Registered Owner authorises a Licensed Trainer (or their duly appointed sub-agent) to act on their behalf for the administrative purposes associated with the training of a Racehorse. This authority to act allows the appointed trainer carry out various racing administration in relation to returning horses in/out of training, update to ownership detail, entries and declarations. Authority To Act agreements allow for the efficient and fluent administration of racing by the trainer, however we strongly recommend that Owners take cognisance of the power that they are bestowing on a Trainer when registering an Authority To Act agreement.

     

     

    Colours, Authority to Act, Syndicates and Partnerships etc are all renewed annually (unless otherwise stated) and are done so automatically. It is therefore important to keep all registrations up-to-date in order to prevent any incorrect charges e.g. an authority to act for a past trainer or an old set of colours no long in use etc.
    Any cancellations for colours, authority to acts, syndicates or partnerships must be done in writing.
    Any prize money won by the owner will be lodged into a HRI owner account. For the owner to withdraw money from this account HRI requires a bank account to transfer these funds to. HRI will not be capable of withdrawing money from this account – it will only be for making lodgements.
    Under the Data Protection Act 1988 no individual, other than the registered owner, will have account access unless the owner has given written permission.
    A syndicate allows for 5-20 members with just one of those members having to register as an owner.
    A new syndicate form must be lodged for each horse racing under the syndicate name. This form requires all the members to sign up to the new horse - members must stay the same from horse to horse within the syndicate
    Members must sign in or out on the appropriate change of membership forms and the agent must co-sign these documents.
    Agent must submit a letter confirming: 1) Wishes to resign 2) Who the new agent is 3) Transferring colours & account balance to the new agent 4) Confirming if he is remaining a member or not. The new agent must then 1) Register as an owner 2) Complete a colours & authority to act form 3) Get all members to resign Syndicate forms for each horse still in the Syndicate.
    No, all members under the syndicate must be signed up for all the horses in that syndicate.
    One person in the syndicate is known as the syndicate agent and is nominated by the syndicate members. This is the only person who can act/sign on behalf of the syndicate and the only person HRI will deal with in relation to the account.
    The horse can race under the syndicate name or alternatively under the agent’s name.
    30 characters (including spaces) are allowed including the word “Syndicate”.
    Consists of 2-4 members. All members must be registered owners but the first named partner only needs to have the colours and authority to act registered. A partnership form needs to be lodged for each horse involved, the breakdown in costs determined by how the form is completed. When set up the partnership operates through the existing ownership accounts - it does not set up a separate partnership account.
    The partnership form allows you to select a partnership name no longer than 30 characters including spaces and the term “Partnership”. This is for racecard purposes only.
    If all members are already registered owners and if the horse is already named, the partnership will be set up on the day the partnership form is lodged. If one or more of the members have to register as an owner, the partnership will not be set up until two days after the ownership forms have been lodged correctly.
    A club has to have a minimum of 10 members with no limit on how many can join.
    A Racing Club must nominate 2-4 trustees to be registered as owners in order to carry out the administration responsibilities of the club. The account is then opened under the club name which then appears on the racecard as the owner. There are a number of extra documents required so for further information view www.goracing.ie or contact the Registrations Department.
    Provided the company is registered with the Companies Registrar Office, an account can be opened up under the company name on the receipt of the correct documentation. For further information view www.goracing.ie or contact the Registrations Department.
    Sole Owner (4 cards), Syndicate (4 cards), Partnership (4 cards), Company (4 cards) and Club (4 cards). Additional cards can be purchased from the Association of Irish Racecourses (AIR) at a discounted price by calling 01-6760911.
    AIR (01-6760911) manages all queries relating to lost or damaged AIR cards.
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