Exclusive: RaceShare Soars with Expert Sourcing and Innovative Ownership Model
In the world of horse racing, where success often hinges on savvy investments and expert guidance, one platform is making waves with its unique approach. RaceShare, the innovative racehorse ownership platform, has found a winning formula by teaming up with industry veteran Patrick Veitch.
Ash White, the Co-Founder of RaceShare, expressed his delight in having Veitch on board. “> Patrick was an investor from the outset, and he also initially agreed to source our horses for the first two years. We’re thrilled to now have the benefit of his expertise long into the future, particularly given the results so far.”
The partnership has already borne fruit, with RaceShare’s stable boasting impressive wins. “We initially asked Patrick for 4 horses from the October Sales, and he sourced Scampi, who won at York’s Dante meeting as well as at the Shergar Cup, Treasure Time, who won impressively at last week’s Ebor Festival and looks to be going places, along with La Pulga and Red Mirage, who’ve won three times between them to date,” White revealed.
The positive feedback from owners has been overwhelming, and success on the racecourse is a key driver of that. To cater to this growing demand, RaceShare has launched their RaceShare100 initiative, where ownership of each horse is limited to 100 shares. This has resulted in groups of 30 to 40 owners per horse, fostering a sense of community and shared excitement.
However, RaceShare remains committed to their microshare horses, like Treasure Time and Scampi, catering to newcomers to the sport. “We try to ensure all our owners feel closely involved, however much they have to spend and whether they are able to join us at the racecourse on the day or not,” White explained.
Looking ahead, Treasure Time may well feature at the prestigious St Leger meeting, followed by a possible run in the Balmoral Handicap on Champions Day and even a shot at Royal Ascot next year. The RaceShare team is also gearing up for their next outing at Southwell on Thursday, where they have two runners in valuable Racing League Races.
Veitch, who has a tie-up with Tony Bloom and Ian McAleavy, shared his perspective on the future of punting. “Due to liquidity issues in the UK, my future punting will mainly be in Hong Kong, where there is huge turnover but fewer than 100 meetings per year. This has freed up some time to pursue bloodstock projects.”
As RaceShare continues to navigate the ever-evolving landscape of horse racing, their innovative approach and strategic partnerships have propelled them to the forefront of the industry. With Veitch’s expertise and the platform’s commitment to engaging new and seasoned owners alike, the future looks bright for this trailblazing venture.
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