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The owner is the most important of the connections associated with a horse. The owner pays the purchase price and is responsible for the training fees. Any cost associated with keeping a horse in training and running in a race is met by the owner.
Racing is dominated by a number of powerful owners and in Britain and Ireland they are part of wealthy syndicates. Coolmore and Godolphin and the richest flat racing syndicates in Britain and Ireland. They pay vast amounts for horses in general but unbroken two-year-olds with potential are in demand.
Buying and owning a horse is an expensive hobby and few owners make money, though there are exceptions whereby the owner of a horse wins a huge prize which covers the training fees for the horse’s complete career. Some owners are also lucky in purchasing a relatively ordinary horse on breeding who over performs on the track.
The owner might decide to retire the horse at a relatively young age because the stud fees can dwarf any prize money won and the major flat syndicates are always planning for the next generation. Once a horse is proven in a Classic or major race the stud value matches the form and ability of the horse.
There is no official prize for the owner who accumulates most money over the course of the season. Jockeys and trainers compete for their title over the season but its winners for jockeys and prize money for trainers that decides each competition.
Syndicates have made race horse ownerships affordable for many but the greater the number of members the more the occasion and prize money is diluted. Only a small number of owners can congregate in the paddock.