National Hunt trainer Kim Bailey is offering potential owners the chance to buy one of his racehorses and not pay training fees until it wins a race.
Admiral Dundas, a five-year-old gelding out of Noverre and by Brandish, is on sale for £25,000.
“I’m offering this ‘no win, no fee’ deal as it’s a good way to raise a bit of interest,” said Kim.
“It’s the ideal chance for someone not involved in racing to get their first horse.
“They’ll have to pay the jockey and entry fee, but there will be no training costs until they see results. I’ve done it once before a while back, and the horse won 10 days after it
Kim, who has over 40 horses at his yard in Andoversford, Glos, bought Admiral Dundas in October.
“I’m backing my own judgement really. He’s an exciting horse that will win races and give someone a great deal of fun.”
Previously trained by William Jarvis, the horse has already won four races on the Flat.
“I do know of trainers who have offered reduced training fees,” Rupert Arnold, of the National Trainers’ Federation, told H&H. “Trainers use lots of incentives to attract clients and this makes good business sense for Kim.”
For more information, visit: www.kimbaileyracing.com.
This article was first published in Horse & Hound (11 March, ’10)