as an owner with Horse Racing Ireland (HRI) you will have access to a personal
HRI customer account to manage your daily racing activity such as entries and
prize money distribution. The HRI customer account system is called RÁS.
Owners have access to the RÁS online system that
acts much in the same way as a personal online banking system does. Owners can
view all transactions processed through their account, search historical
records or print off statements etc. Owners can manage and view all
transactions on https://admin.hri-ras.ie
more information on the RAS system contact Client Accounts on +353 (0)45
Below are some general charges or fees owners can
expect to pay as their time as an owner. Some of these will be processed
through their Horse Racing Ireland Owners' Account.
At the time of registration with Horse Racing
Ireland, a minimum lodgement of €500 (€1,000 for clubs & companies) is
required to keep a working balance in the account.
This initial lodgement covers your registration fee
and leaves funds in your account to cover the cost of your first run. A full list of the
Registration and Annual fees can be viewed here
Entry and declaration fees vary depending on the race type, but a general guide to the cost of running in a race is:
**Higher charges apply for pattern, group and listed races. #Subject to VAT 13.5% if the jockey is VAT registered
The minimum total prize fund for any
race in Ireland is €10,000. The prize fund increases depending on the type of
race. Prize money is allocated to connections up to 6th place. On average 70%
of owners win prize money in Ireland.
A detailed breakdown of prize money
allocation and deductions charged can be found on the RAS website. Please see
an example of the prize money allocation below.
*Owner Industry deductions include
race entry fee and contributions to IHRB, Stable Staff and Jockey Emergency
Fund. A full breakdown can be found on the owners RAS account.
** Jockey deductions vary depending on agent, valet fees, VAT etc.
Prize money is lodged directly
into the owner's Horse Racing Ireland Account. To allow for routine testing,
these funds are only available for withdrawal seventeen days from the winning
To withdraw these funds, each owner
must have registered their personal banking details with Horse Racing Ireland. This
registration requires submitting a header of their bank statement that clearly
displays their name, IBAN and account number.
Owners can pay their trainer directly or through their HRI account. To pay through your HRI account owners should submit an invoice (containing owner name) to the Client Accounts team ([email protected]), who will facilitate their request.
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