(CNN) Want to become a racehorse owner but don’t want to break the bank? The “Sport of Kings” may be dominated by royalty, rock stars, celebrities and tycoons, but for racing fans with more moderate cash reserves there are several cost-effective ways to buy into the sport…
For those with more modest means, horses can range from about $2,000-$20,000, according to the UK’s Racehorse Owners Association (ROA). Training a racehorse doesn’t come cheap, either. The average cost of training and racing a racehorse in Britain is $29,280 a year, says the ROA.
No wonder more than 60% of all racehorses trained in Britain are held either in a joint ownership, syndicate or partnership.
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