A Racing Club must have 2 agents, both need to be registered as owners in their own right. The agents carry out the administration responsibilities of the club.
The HRI account is then opened under the club name which then appears on the racecard as the owner. Learn more on how to register as a racing club here (link https://www.racehorseownership.ie/club/)
A partnership 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. Learn more about Partnerships here (link https://www.racehorseownership.ie/partnership/)
Sole owners and Syndicate accounts must lodge a minimum of €500 per horse, whilst racing clubs must lodge a minimum of €1,000. Partnerships can vary depending on their structure.
From the initial lodgement the relevant set up fees are charged, with the remaining balance then going towards entries, riding fees etc.
See here for a breakdown of fees (https://www.racehorseownership.ie/Budget-and-Costs/)
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. It is an annual charge.
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.
The cost of making colours can vary depending on where you get them made.
We would advise you to initially consult with your trainer who may have someone in their locality. Alternatively contact Horse Racing Ireland, for the details of Kildare based producers.