Split ownership? - The Horse Forum
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post #1 of 13 Old 07-18-2014, 04:01 PM Thread Starter
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Split ownership?

Yay or nay? What are your opinions and why? 😊
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post #2 of 13 Old 07-18-2014, 04:11 PM
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Without specifics it's hard to say for sure, but in general unless it's a very expensive horse (like many of the grand prix level horses) I would say not a good idea. One of the key draws of buying my own horse (versus continuing to lease) was that I could make all the care decisions: what to feed, whether or not to shoe, etc. Even if the co-owners are aligned on EVERYTHING (or one of them allows the other to make all the decisions and just wants to ride) what happens if one of them loses a job, gets a divorce, etc?
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post #3 of 13 Old 07-18-2014, 04:28 PM
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It sounds OK until both parties want to either do the same event or have a difference in how the horse is trained.
When things go wrong it is always easy to blame the other.

I would say it would stress any friendship!
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post #4 of 13 Old 07-18-2014, 04:35 PM
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I think it depends the situation. My husband has been a partner on a broodmare. We got the colt we wanted and she has spent the rest of her life with the other owner. I know a few co owners of show horses and it seems to work although I've seen it not work also.
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post #5 of 13 Old 07-18-2014, 04:38 PM
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Nay. Someone has to be able to have final and absolute say over the horse. People can't always agree and don't always want the same things, and those things can and do change over time.
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post #6 of 13 Old 07-18-2014, 05:10 PM
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As someone who was badly hurt by this sort of arrangement, I vote absolutely not. We shared ownership of a pony -- and while it worked just fine for years, there finally came a time when our lives changed and we needed to move. The process of deciding who got to buy out the other person's interest in the pony and keep her became unimaginably complicated and painful. My family and I "lost" and were not able to keep her... and it still hurts me terribly to think about it. After so much heartache, I will absolutely never share ownership of a horse again (unless with immediate family). I may consider a partial lease or something, but never shared ownership.

If partial ownership is the only way that you can afford to have a horse, please consider leasing a horse instead. I have a friend who shares ownership of a horse and who did so because that was the only way that she could afford to keep the horse. Unfortunately in her case, the other partial owner has been unable to pay her half and my friend is going through quite a bit of financial strain to try to pay for the horse herself.

In my experience, these things just turn into a huge mess.
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post #7 of 13 Old 07-18-2014, 05:16 PM
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No, just don't do it.
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post #8 of 13 Old 07-18-2014, 07:21 PM
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It's common with horses owned as a business investment. Happens all the time with race stock and some futurity horses. They are insured for loss of use and death. It's expected that the money to be made will be in the winnings and the animal itself will just be a write off when it's all said and done or for the rate exception it will go to the breeding shed
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post #9 of 13 Old 07-18-2014, 07:25 PM
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No. No. No. 9 times out of 10 is ends in disaster.

Been there. Done that. Never again.
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post #10 of 13 Old 07-18-2014, 10:05 PM
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It will simply just lead to another thread being started in this part of the forum. https://www.horseforum.com/horse-law/
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