By Daithi Harvey
The British Horseracing Authority (BHA) have launched a suite of measures to modernise and simplify the administration of racehorse ownership. Chief among them is the new Racing Admin system, developed in conjunction with Weatherbys, which is a newly designed, intuitive ownership portal that enables new and existing owners to manage their ownerships online and keep up to date with their horses. It also facilitates free access to a number of enhanced features such as the ability to search the race programme. Richard Wayman, Chief Operating Officer of the BHA, said, “Making the prospect of racehorse ownership an attractive one is central to the industry’s strategy to grow the sport. The package of reforms has been shaped by extensive consultation with current owners and ensures the administration of racehorse ownership prioritises the customer experience.”
These measures should ensure significant savings for owners in future and the simplification of the types and number of ownership options means there are now only five types rather than eight; Sole, Company, Partnership, Syndicate and Racing Club.
Charlie Liverton, chief executive of the Racehorse Owners’ Association, also welcomed the initiative and added, “Owners have long-complained that their first steps on the road to ownership were characterised by red tape and confusing ownership structures followed by numerous fees. These changes are therefore very welcome. Simplifying, reducing and aligning the costs involved is a very positive step. Racehorse ownership should be engaging and most of all, fun, and hopefully the changes announced today will enhance the experience.”