Ready to Own a Racehorse?

 

Whether you are first-timer or experienced in buying race horses, trainer Steve Burridge or bloodstock agent Wade Burridge can facilitate the purchasing process. They have proven track records in buying quality horses. Steve Burridge is also highly experienced in developing and maintaining good working relationship with horse owners and their horses.

 

Important point to note - Buying and maintaining a racehorse needs a lot of patience in reaping results. It takes time for a racehorse to adapt to a new environment and training regime before it gains momentum for a rewarding time on the race tracks.

 

- Determine the type of horse you want to own.

●     Raced horse: Experienced in races abroad. Has a track record.

 

●     Unraced: Trained and ready to race. Can purchase at auctions by Magic Millions, Inglis Bloodstock and New Zealand Bloodstock sales.

 

●     Yearlings: Young horses bought overseas (eg-Australia, New Zealand and England) based on breed and pedigree. Need to be maintained and pre-trained overseas before brought to Singapore.

- Determine the budget to purchase and maintain the horse.

Type

Purchase price

Raced

(Only 6 years old and under are eligible to race in Singapore)

Starting from around

$60,000 to $300,000 or above

Unraced

(Only 3 years and under are eligible to race in Singapore)

Starting from around

$25,000 to $200,000 or above

Yearling

(From 2 years old onwards)

Starting from around

Anything up to $15,000 or above

 

- Recurring costs to maintain a racehorse 

Monthly maintenance

$2500

Add-ons

- Vet fees

- Race Entry

- Vitamins

- Syce racing allowance

Rewards Incentive Scheme

- Racehorse owners get a $900 credit rebate for each Singapore-based racehorse owned, as long as the racehorse fulfils the qualifying criteria (see next item)

- This rebate is used to offset the horse’s monthly training. Owners are then billed the remaining balance of the training and maintenance costs.

- There is an additional bonus scheme

(Details below)

Qualifying criteria for

Reward Incentive scheme

For 10 starters or less - all horses qualify except those that finish the race in either first or last place.

For 11 starters and more - all horses qualify except for the first and last two places.

Information Source: Kranji Turf Club 

Bonuses

Singapore Sprint Series (Kranji Sprint, Merlion Trophy, Lion City Cup)

- Winner of 2 legs receives $50,000 bonus

- Winner of 3 legs receives $150,000 bonus 

Singapore Three Year Old Challenge (Singapore Three-Year-Old Sprint, Singapore Three-Year-Old Classic, Singapore Guineas)

- Winner of 2 legs receives $50,000 bonus

- Winner of 3 legs receives $150,000 bonus 

Singapore Four Year Old Challenge (Stewards' Cup, Patron's Bowl, Emirates Singapore Derby)

- Winner of 2 legs receives $50,000 bonus

- Winner of 3 legs receives $150,000 bonus

Singapore Triple Crown Series (Kranji Mile, Raffles Cup, Singapore Gold Cup)

- owner wins 2 legs wins $50,000 bonus

- owner wins 3 legs wins $300,000 bonus

 
Magic Millions Bloodstock

Buying at auction can be just as exciting as winning a race. More than 5,000 yearlings are sold at auction each year around Australia.

The Magic Millions Ready to Run Sales put through auction unraced 2 year old horses that have been broken in and are galloped over 600 or 800 metres. The horses are assessed by you and your advisers (vet, trainer, bloodstock agent) for speed, action over the going, breeding and conformation.

Magic Millions Bloodstock have skilled and professional Bloodstock Agents including Wade Burridge (Steven Burridge’s son) who will provide advice and assistance in analyzing a sale catalogue for you after finding our your budget and goals.

Bloodstock Consultant Wade Burridge 0423 341 429 wade@magicmillions.com.au