Co-ownership
The principle of co-ownership finally makes it possible for any first-time investor to experience the emotions associated with owning a racehorse, while minimizing investment and sharing costs.
The principle also offers seasoned investors a tool to diversify their risk and increase their chances of fiding excellent horse, or even a stallion. The golden rule of investment remains diversification. Buying shares in several selected yearlings mathematically increases your chances.
Purchasing 10 shares of 10%, equivalent to one whole horse, allows you to diversify your investment and multiply your chances of success by 10 with the same budget.
To make this diversification tool possible and effective, we have chosen to manage each proposed horse in the form of a Conventional Co-ownership agreement.
In this section, you will find the main information regarding the operation of this Co-ownership agreement and your rights and obligations.
Co-ownership agreement is a legal regime that allows multiple people to exercise property rights over a single asset. The management of the Co-ownership agreement is collective.
Horses sold in shares on I Want The Winner will be managed under this regime. The management of the Co-ownership agreement will be entrusted to SAS Club Elevage Trot, well known in the racing world for the quality of its management of the Co-ownership agreement for Trotter Stallions.
You have no administrative obligations, Club Evelage Trot takes care of everything on your behalf. From the moment you enter the Co-ownership agreement, you simply commit:
To request approval as co-owner from the SETF (Société d’Encouragement au Trotteur Français), to comply with the Racing Code, and to sign the association declaration that will be submitted to the SETF when the horse begins training.
To pay all invoices due under the Co-ownership agreement (Club Elevage Trot services, accommodation fees, training, transport, horse maintenance, …)
.... and above all to enjoy the pleasure and pride of being the owner of a racehorse!
The co-ownership contract is concluded for an indefinite period during the entire racing and breeding period, starting from the final acquisition of shares from I WANT THE WINNER.
On the day the horse’s career ends, the co-owners will meet to organize the continuation of the Co-ownership agreement.
You have the option to exit the Co-ownership agreement at any time by selling your share.
The framework of the Co-ownership agreement allows each co-owner to remain free to sell their share at any share at any time, with the remaining co-owners having the right of first refusal.
Even though our teams will be available all times to advise you and help you find a buyer, you are free to sell your share as you see fit (privately, through a specialized broker, at public auctions, through classified ads…) as long as you follow the preemption procedure to allow the other co-owners the opportunity to substitute themselves for the buyer you have found, under the same conditions.
If several co-owners apply at the same time to preempt the share you have sold, a draw will determine who will substitute for your initial buyer.
You will be a maximum of 10 co-owners forming a Co-ownership agreement of a horse. The goal is to share the joys and emotions of a horse racing as a group, while allowing you to build a new circle of acquaintances.
The Club Elevage teams are responsible for managing the day-to-day operations of the Co-ownership agreement.
- Club Elevage Trot coordinates all the stakeholders (trainers, jackets, drivers, farriers, veterinarians…). You don’t have to worry about anything, Club Elevage Trot receives the invoices from each service provider and bills you monthly in a single invoice for your share of the costs.
- Club Elevage Trot also organized and hosts Co-ownership agreement meetings. Held mainly via video conference or in person during a race, these meetings are an opportunity to analyze results, make important decisions about the horse’s career, and share good times together. Decisions are made by majority vote during these meetings. In case of a tie, the trainer has a “golden vote” to break the deadlock.
- Club Elevage Trot also manages all communication regarding your horse’s life, regulating sharing recent news and their expertise in the world of racing.
- Club Elevage Trot also manages the career of your stallion if you are fortunate enough to have a male that becomes a breeder.
- Finally, Club Elevage Trot keeps the register of co-owners up to date and manages the preemption process on behalf of the Co-ownership agreement in case one of the co-owners decided to sell their share.
Terms and Conditions of Purchase
Owning one day your own silk and racing horses under your colors might be part of your dream?
To become a co-owner with I Want The Winner, you do not need to have your own colors. The horse can race under the colors of one of the other co-owners.
If several co-owners wish to have the colors assigned to them, the ownership will be given to the non-breeder buyer of the horse who holds the most share. In case of a tie, a draw will be organized.
If there are no claimants, the Co-ownership agreement will determine the terms for CLUB ELEVAGE TROT to acquire 1% of the horse so that it can race under its colors.
