MenuMenu
  • Become An Owner

    Partnership

    Partnership - Sub Page Banner /uploadedImages/Ownership/Content/Become_an_Owner/Subpage_Banners/RP_ID00287979.jpg
  • What is a partnership?

    A partnership is a group of 2 - 4 people. All partners need to be registered as sole owners.

    Horse(s) can run under the first named partner, a combination of partner names or a partnership name and will carry Partner 1’s colours.

    View our video guidance to find out more

    CONSIDERATIONS

    • Will debits and credits be split equally or go through partner 1’s account?
    • How do the group want to appear on the racecard?
    • Whose colours will the horse race under?
    • How long will the partnership lasts?

    HOW TO REGISTER

    be sure to follow the checklist on the registration form

    • Form C should be completed in full.
    • A separate Form C must be lodged for each horse in the partnership.
    • If you are not already a registered HRI Sole Owner the following forms also need to be completed and signed:
      1. - Partner 1: Sole Owner/Partner 1 Registration Form A
      2. - Partner 2,3,4: Partner Registration Form B
    • It takes two working days to open a new account from when all paperwork and funds are lodged correctly.
    • When registering a partnership there are two accounting options available:
      1. 1. All debits and credits will be processed in proportion to a partner’s shareholding / or
      2. 2. All debits and credits may be processed through the account of the first named partner
    • Return all forms with a photocopy of all* partners passport/drivers licence that confirms the name, address, date of birth & signature submitted on the form.
    • Return Completed Forms and ID for all partners to [email protected]

    * NOTE these are only required for partners registering with HRI for the first time

    FEE BREAKDOWN

    If all debits and credits are going through Partner 1 account:

    Initial Lodgement

    Minimum

    €500

    Authority To Act

    Annual Charge

    -€40

    Colours

    Annual Charge

    -€40

    Partnership Registration

    Annual

    -€40

    Remaining Working Balance

    €380

    Partner 2,3,4

    €0

    The remaining working balance should generally cover the cost of your first run on the track e.g. entry fees, jockey fee etc.

    If debits and credits are going through all the Partners’ accounts:

    Initial Lodgement for Partner 1

    Minimum

    €500

    Authority To Act

    Annual Charge

    €-40

    Colours

    Annual Charge

    €-40

    Partnership Registration

    Annual

    €-40

    Remaining Working Balance

    €380

    Partner 2

    Partner 3

    Partner 4

    €300

    €300

    €300

    The remaining working balance should generally cover the cost of your first run on the track e.g. entry fees, jockey fee etc.

    BANK ACCOUNT

    The Owner Registration form requests the details of the owner’s bank account. This bank account is used to transfer funds to and from the Owner’s HRI Account. To verify your bank account, the owner must submit a copy of the bank statement header confirming the account name, address and IBAN number.

    HRI OWNER ACCOUNT

    Each partner will have their own HRI owner account. Depending on the Partnership arrangement debits and credits will be done through the relevant HRI owner account(s). Each partner can access their account online via the RAS System – this is similar to online banking, allowing you to make lodgements, withdrawals and to view statements.

This site uses unobtrusive cookies to store information on your computer, to improve performance and monitoring services. Click here for more info
Accept Cookies