There are 3 ways you can list your racehorse for sale. The first one is where you list the horse and offer to sell shares in the horse. See example 1.

The second one is where you take the sales price of the horse add the cost of the keep of the horse for a year and divide by 100 and persons can then take a share according to what they can afford. See example 2.

Here are some suggestions:

1) Let’s assume you are the owner of a horse but find the keep to steep or the horse is performing and you want to sell shareholding in the horse and want to get partners into the horse you can then sell the horse to a (Pty) Ltd and then sell shares in the (Pty) Ltd making use of the above scenario’s. You can retain 51% or whatever % you want to retain and sell the rest.

2) I f you are a trainer and buy a horse on a auction you can sell shares in the horse making use of one of the above scenario’s.

The third way is just a listing with an outright price.