FAQ

The most obvious one is prizemoney which is paid into the nominated bank account of each owner, according to share percentage. Australia is fortunate enough to have some of the most lucrative prizemoney in the world. For example, a win in the metropolitan area of Sydney can pay a dividend ranging anywhere between $28,000 and $7.5 million! Ownership also entitles you to multiple members’ passes on racedays, complimentary drinks and food in the owners’ bar, your name in the racebook and exclusive access to the trainer and jockey in the mounting yard. A less obvious perk is the opportunity to meet new people, whether it be at the races or at one of our open days. Private stable visits can also be easily arranged.

A licenced syndicator may incorporate any items they see fit into a given share price. Inevitably, some turn out to be significantly more expensive than others. Proven Thoroughbreds chooses to omit items we consider to be unnecessary or exorbitant. For example, we do not pass on the cost of advertising to the consumer – we absorb this cost. We are a business that relies more on goodwill and word of mouth than relentless television/radio advertising. Further, the nomination fees for many of the big races such as the Golden Slipper and Blue Diamond etc can be forgone in most cases. Unless we have purchased a yearling bred specifically for juvenile speed, we believe the nomination costs for these races is not worthwhile. An itemised break down of our share prices is always available on request.

Proven Thoroughbreds’ cost model is one of our other points of difference in the syndication sphere. We have established long and trusted relationships with our suppliers, whether it be trainers, farms, pre-trainers, breakers, floating companies, etc… for this reason we choose to be billed for each horse in their entirety. This means all invoices are paid 100% in Proven Thoroughbreds’ name which saves the syndicate endless administration fees that would come if our suppliers had to individually split each bill. Under this system we set up a trust account for the horse that owners are requested to fund quarterly. Generally, each quarterly levy will amount to approximately $16,000 ($800 for 5% shareholder). For your peace of mind, we supply a full breakdown of expenses incurred for the previous quarter, showing how funds have been dispensed. You can visit our INFO & COSTS page for a more thorough description.

Proven Thoroughbreds is an approved promoter with the industry regulator and holds an Australian Financial Services licence (301464) so be sure that every possible measure has been taken to minimize your risk. However, as racehorse ownership is a speculative investment, there are some risks out of our control. Like human athletes, racehorses can sustain injuries which may require periods of rehabilitation. In rare cases, injury can precipitate retirement. Proven Thoroughbreds will have already taken out an insurance policy to protect your initial investment against mortality/life-saving surgery (from fall of hammer to the end of that calendar year). Additionally, once the policy has expired, Proven exclusively offers owners a $2500 credit on their next purchase in the rare event illness/injury prevents their horse from ever racing.