Terms and Conditions
Introduction
Iwantaracehorse.com is a managed racing partnership, which is fully registered with British Horseracing Association (BHA) who are the governing body for British Horseracing.
Our aim is to make the experience of racehorse ownership affordable to all. As a web based company the main source of information will be found via our website (www.iwantaracehorse.com).
On purchase of any items from Iwantaracehorse.com the shareholder agrees to abide by the “Terms and
Conditions” as follows:
1 Service Provision:
1.1 The ability to purchase shares in a named racehorse for a specified period of time known as a “share period”. Each share represents an ownership interest to the specified percentage and not full ownership of a racehorse. Accordingly, shareholders names are not registered with BHA.
1.2 Share are sold on the basis of one shareholder = one share (the shareholder may buy multiple shares for themselves or on behalf a syndicate they represent using the same principle - for example 10 members = a min of 10 shares). A share can only be assigned to one person.
1.3 Share Period is the time when you can experience the benefits of racehorse ownership in respect of the named horse for which you have purchased shares.
1.4 The general use of the website and access to a secure area of the website, providing privileged information regarding your horse(s) and general updates on other horses shown on the website.
2 Iwantaracehorse.com
2.1 Due to the unpredictable nature of horseracing (such as injuries, training set-backs), Iwantaracehorse.com do not make any guarantees of what will happen during a share period.
2.2 All decisions relating to the racehorses, trainers and general management, shall be the total responsibility Iwantaracehorse.com which on occasions may be in consultation with partners.
2.3 Personal data will be held in a secure manner and will not be disclosed to any third party organisations other than for purposes that will enable Iwantaracehorse.com to provide ownership benefits offered, such as, shareholders names will be given to racecourse administrators for the purposes of ticket collection. Iwantaracehorse.com does not accept any responsibility or liability for any loss as a result of personal data being intercepted in any form or misused by unauthorised persons.
2.4 Iwantaracehorse.com has the right to refuse, suspend or cancel a shareholders membership, if they breach any of the “term of conditions” as set out or if directed by any relevant regulatory body. No refunds will be given in respect of any remaining share period.
2.5 Iwantaracehorse.com has the right to suspend all or part of the service at any time. This includes access to the website in order to allow maintenance and development. Advanced notice will be given and disruption will be kept to a minimum.
2.6 These “Terms and Conditions” can be amended by the Iwantaracehorse.com as necessary and without prior notice. Shareholders will be informed by a change notice which will be published in the shareholders area of the website.
2.7 If Iwantaracehorse.com fails to invoke any right under these “Terms and Conditions” it should not be viewed that the provision has ceased and therefore will not prevent Iwantaracehorse.com exercising the provision in the future,
2.8 If any provision in these “Terms and Conditions” is later found to be illegal it shall be viewed as being deleted.
3 Shareholders agree:
3.1 they are 18 years old or over
3.2 all personal information provided will be a true statement.
3.3 to use all the services provided by Iwantaracehorse.com in a proper manner and in accordance with any laws applicable.
3.4 not to sell or transfer any service offered by Iwantaracehorse.com.
3.5 that the purchase of ownership interest shares in a racehorse(s) is purely for the purposes of enjoyable
entertainment and not as an investment.
3.6 that any involvement in racehorse ownership cannot be regarded as an investment. Although an involvement can provide a financial return, the risks of loss are high. Shareholders accept they may lose the majority or even the whole of their initial cost.
4 Computer Equipment/Software
4.1 Iwantaracehorse.com is not liability for any damage or malfunction of any computer equipment or software used by the shareholder.
4.2 Once registered, shareholders must enter a password to gain access to the secure area of the Iwantaracehorse.com website. Shareholders are responsible for protecting the confidentiality of the password.
4.3 Access to secure areas on the Iwantaracehorse.com website is strictly for the personal use of the shareholder. The shareholder is wholly responsible for any misuse of access.
4.4 Shareholders agree not to use the Iwantaracehorse.com website in a manner which will amend content or cause disruption to its functionality.
5. Payment
5.1 Full payment of the specified amount shown for the shares you wish to purchase in respect of a particular racehorse or any of the gift packs available must be made on purchase.
5.2 Your payment will be automatically processed by the payment service provider (Paypal) and set against the credit/debit card account provided. The payment service provider will send to the purchaser via email confirmation of payment.
5.3 Within 2 working days of receiving payment, Iwantaracehorse.com will issue a welcome email with full details of membership to the new shareholder or confirmation regarding any gift pack ordered.
5.4 Once you have made a purchase (shares or gift vouchers), no refunds or cancellations will be given.
6. Racehorse Purchase and Management
6.1 The purchase of shares provides you with an ownership interest in a named racehorse and must not be regarded as full ownership. Accordingly, a shareholder’s name will not be registered with BHA.
6.2 Shareholders must accept that there may be times in a share period when the horse needs to rest, which in some cases may be for several weeks. Also, due to the risks involved in racing, rest periods may be enforced due to injury, training setbacks or unsuitable racing conditions (ground etc.). The well-being of the horse will be paramount at all times.
6.3 The maximum number of shareholders in a racehorse will be 100.
6.4 During the share period circumstances may occur when a racehorse in which the shareholder has an interest is sold. If this does occur, Iwantaracehorse.com will allocate you an alternative racecourse for the remaining share period at no extra cost. All shareholder benefits that applied at the time the horse was sold sale will continue in the replacement horse.
6.5 If the shareholder’s horse sustains a long term injury and it is clear that your stated minimum race promise for the share period will not be met, Iwantaracehorse.com will allocate you a replacement racehorse for the remaining share period at no extra cost. Please note that the replacement racehorse will provide shareholders with all the benefits (stable visits, claim to owner badges, horse information etc.) as your original horse. However, there will be no entitlement to any prize money associated with the replacement horse.
6.6 The registered owner of each racehorse will be Iwantaracehorse.com, which on occasions may be in partnership with others.
6.7 Iwantaracehorse.com will retain complete authority for all horses throughout the share period and will make all decisions regarding the racehorses in the best interests of all shareholders.
6.8 There is no obligation on Iwantaracehorse.com to provide shares in the same racehorse after the share period has ended.
6.9 There is no obligation on shareholders to renew shares after the share period has expired
6.10 Shareholders views regarding the management of a racehorse(s) must be communicated directly to Iwantaracehorse.com. Under no circumstances is the shareholder to make direct contact with the trainer or any other partner of Iwantaracehorse.com about matters relating to a horse.
7. Stable Visits (inc. journeys to and from)
7.1 Shareholders and any companions who choose to visit the trainer stables as part of the service offered by Iwantaracehorse.com do so at their own cost and risk. Iwantaracehorse.com accepts no liability for personal injury or damage.
7.2 Shareholders and companions must act responsibly, respectfully and comply with all rules and conditions that apply on the day of the visit. Any failure to comply will result in the shareholder’s membership being cancelled. Shareholders will be held responsible for their companions.
7.3 Iwantaracehorse.com will not be liable to reimburse shareholders any costs associated with any postponement or cancellation of a visit, for whatever reason. Iwantaracehorse.com will give prior notice where circumstances allow.
8 Shareholder Benefits
8.1 Once you have purchased a share in a racehorse available from Iwantaracehorse.com you are entitled to experience all the benefits of racehorse ownership as follows:
• An ownership interest in your very own racehorse.
• Stable updates (how your racehorse(s) is progressing).
• Informed of all entries and declarations for your racehorse(s).
• Receive the trainer's view of races.
• Ability to claim owners badges (free / discounted) for race days
• Trainer feedback on each race
• Stable visits
• The relevant share of prize money where applicable
9. Race Days (inc. journeys to and from)
9.1 Shareholders and any companions who choose to go to the races as part of the service offered by Iwantaracehorse.com do so at their own cost and risk. Iwantaracehorse.com accepts no liability for personal injury or damage.
9.2 Shareholders and companions must act responsibly, respectfully and comply with all racecourse rules and conditions that apply on the day of the visit. Any failure to comply will result in the shareholder’s membership being cancelled. Shareholders will be held responsible for their companions.
9.3 Iwantaracehorse.com will not be held liable for any of the shareholders cost associated with the visit in the event of postponement or cancellation, regardless of reason. Iwantaracehorse.com will give prior notice where circumstances allow.
9.4 Iwantaracehorse.com will not be held liable for any of the shareholders cost incurred when attending the racecourse in the event of the horse being withdrawn from the race, regardless of the timing or reason. Iwantaracehorse.com will give prior notice if circumstances allow.
10. Owner Badge Allocation
10.1 Shareholders must acknowledge that racecourses limit the number of owner badges (free and discounted) they will make available to shareholders. The number allocated will vary from course to course.
10.2 Iwantaracehorse.com will always hope to satisfy badge demand from shareholders for race days. However, on occasions when demand cannot be satisfied, to achieve fairness Iwantaracehorse.com will prioritise based on the number of share the shareholder has purchased, against the number of badges they have previously been allocated. Companion requests are limited to one per shareholder and will only be allocated when the shareholder requests have been satisfied.
10.3 All badge requests must be made via the website in compliance with the timescales provided. Shareholders must acknowledge that a definite decision to race does not take place until the declaration stage and even then a late withdrawal may occur due to a change in circumstances.
10.4 Shareholders may cancel a request for badges up to 24 hours before a race day. It should be noted that failure to attend a race day without giving prior notice will affect the shareholder's priority rating when making a badge request in the future.
11 Prize Money
11.1 All prize money won and distributed will be net of any statutory deductions (currently 20%) and allocated on a pro-rata basis using the share percentage the shareholder holds in the racehorse.
11.2 Prize money allocated in respect of a racehorse will be made available at the end of the share period. The amount may be credited against a future purchase with Iwantaracehorse.com or refunded upon request, subject to a minimum amount of £10.
11.3 Shareholder accounts will be closed after 1 year of inactivity (e.g. no live share units), unless the shareholder requests the period to be extended. One month's notice will be given to the shareholder, If there is a credit balance showing on the account and it is unclaimed or a refund is not applicable (e.g. under £10), the amount will be donated to a racehorse charity as chosen by Iwantaracehorse.com.
12. Disclaimer of warranties
12.1 Whilst Iwantaracehorse.com will do it utmost to meet all shareholders expectations, due to the unpredictable nature of horseracing Iwantaracehorse.com cannot make any guarantees in respect of the following:
• Service or Systems (inc continuance)
• Information content provided (electronically or hardcopy) including accuracy, quality and any
suggested actions.
12.2 Iwantaracehorse.com (inc. partners, employees, representatives or sub-contractors) will be not be liable for any damages including negligence, arising from the service provided in any form. In no circumstances shall any liability of Iwantaracehorse.com to a shareholder exceed the amount paid by that person.