The BHA has launched a package of reforms to modernise and simplify the administration of racehorse ownership. The measures will mean the task of ownership administration is more convenient, efficient and easy to understand, with the transfer of the registration and management process online expected to save owners thousands of hours a year of filling in forms. The simplification and reduction of ownership fees will also save owners thousands of pounds per year in total, with the types and number of ownership options simplified to mean there are now only five types rather than eight: Sole, Company, Partnership, Syndicate and Racing Club.
New and existing owners now have access to the new Racing Admin system, where a newly designed, intuitive ownership portal enables them to manage their ownerships online and keep up to date with their horses and ownerships. It also facilitates free access to a number of enhanced features such as the ability to search the race programme.
New registrations are also handled through the portal which will not only mean the process is more user friendly, but also ensures swifter turnaround time between submitting the forms and the approval of applications. The reforms benefit existing owners through the alignment of re-registration fees, which will now fall on one date in the year to reduce the drip feeding of charges and correspondence received.
A new code of conduct for syndicates has also been brought in, which highlights a number of basic requirements that all syndicate managers will need to ensure are met. These have been added to the Rules of Racing in order to protect syndicate members.
A dedicated ownership support team at Weatherbys is on hand to answer any questions and guide owners through the new portal. The team is available on 01933 304808 or via firstname.lastname@example.org If trainers are aware their owners cannot use or do not have access to the internet they should be asked to call the Ownership Team at Weatherbys, contact details as above. To ensure owners are confident using the new Racing Admin system a programme of events has been compiled. The sessions will take the form of workshops, Q&As at racecourses and online demonstrations and will be staged across the following dates and locations:
26th September – Warwick Racecourse
4th October – Weatherbys, Wellingborough
12th October – Exeter Racecourse
16th October – BHA, London