How to become an owner

 

Fiscal provisions

A DREAM COME TRUE

To become an owner is not a dream reserved for a handful of wealthy insiders.  France Galop proposes different solutions so that each and everyone can fully indulge in his/her passion and invest a maximum.

“My horse”, “our horse”, “our horses”:  ownership can take on many declensions to reconcile reason and passion.

MULTI-OWNERSHIP:  SHARE YOUR PASSION WITH YOUR NEAREST AND DEAREST

You can now create a stable with family or friends and share an original and thrilling experience.

A complete description of the administrative, financial and approval conditions for every type of owner partnership is available upon simple request to the Ownership Department : 0 825 826 907 or proprietaires@france-galop.com

FRANCE GALOP’S OWNERS’ DEPARTMENT: WHY GO IT ALONE?

To best answer the specific expectations of owners, France Galop has created a special Department to accompany new owners and be your personal guide at each step of your accession to ownership.

• Step 1: Validating the approval procedure

With a view to preserving the integrity of the racing world, each new owner must answer a morality survey and justify that he/she has sufficient means to ensure the upkeep of a horse.  As soon as the approval has been validated, France Galop stewards will assign you your colours and a France Galop account number : fglic@france-galop.com

Your file of approval is available upon simple request to the France Galop Licences and Registers Service

• Step 2:  Choosing one’s emblematic colours

France Galop offers you a wide range of 18 colours and 25 features to establish your bodies and caps. Your stable will brandish these colours in all races in which you participate. 

• Step 3:  Choosing a trainer you can trust

The owner-trainer relationship is fundamental to the success of a racing stable. The trainer must therefore be a trustworthy individual on whom you can depend. A training agreement drawn up in advance may offer the best means of formalising this partnership (costs of looking after the horse, insurance, transactions, responsibilities, etc.).
The average monthly cost of looking after a horse is between 1000 and 2500 euros, depending on the trainer.
You can obtain an agreement template by request from the Owners Department. For all questions concerning your new status of owner, France Galop can put you in touch with the relevant professional associations.

• Step 4:  Buying your first horse

Buying a foal

A colt is called a “foal” from the day of its birth to the following 1 January. The purchase may be made either directly from the breeder in a sale by private agreement, or at auction. The main auctions of breeding produce in France are organised by ARQANA at Deauville in early December. The purchase of a foal clearly demands greater patience and consideration than that of a horse in training or ready to run.

Buying a yearling

A colt or filly is called a yearling from 1 January following its birth to 1 January of the following year. The purchase of a yearling is most common as it strikes the right balance between being patient and living the dream. The main yearling sales are held at Deauville, in August and October, where the major stud farms present their produce.
The cost of a yearling varies from 5,000 to 2 million euros, the price being set according to the pedigree of the horse, its conformation, its precociousness, etc. The average sale price is around 80,000 euros in August and 30,000 euros in October.…

Buying a 2 year-old

By purchasing a pre-trained 2-year-old horse, both the time between purchase and its racing debut, and the uncertainty relating to the horse’s ability, are reduced. These sales are held all over Europe in springtime; generally in mid-April at Saint-Cloud for ARQANA.

Buying a horse ready to run

Purchases can be made either in training by private agreement, at public auction at Deauville or Saint-Cloud, or at 'claiming races', where the competitors are for sale for a minimum price indicated on the day’s race card. After the race, bidders deposit a secret slip with the price offered for the horse and the highest bid is selected. A few weeks later, your new protégé is ready to run in your colours.

Fiscal provisions

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