Owners Group | Share Info

No monthly costsThere are NO monthly costs and NO other payment requests for the syndicate period.

GREAT GIFT IDEA! We can either post the welcome pack to the purchaser, or directly to the recipient.

Miranda and 2026 colt

Broodmare Syndicate

(OWNERS GROUP)

Details:

ELEVEN-YEAR-OLD BAY MARE

STUD:

FURNACE MILL STUD (WORCESTERSHIRE)

Pedigree:

Camelot ex Great Artist (FR)

Syndicate end date:

01 MARCH 2027

Buy a Share for £82 (inc. VAT)

Miranda is an eleven-year-old bay broodmare by the very high-class racehorse and stallion Camelot. She boasts an intriguing pedigree that suggests she could be capable of producing useful horses to run both on the Flat and over jumps. Miranda, who was trained by Paul Nicholls, won seven times over hurdles, including Listed and Group races, and was placed on multiple occasions for her owners. She finished her racing career on a handicap mark of 146.

Miranda delivered a healthy colt foal by Maxios on 7 February 2026, and both mother and son are doing well. Miranda is due to be covered by triple Group 1 winner Hurricane Lane this spring.

Miranda and her foal are stabled at Furnace Mill Stud in Worcestershire. It is run by former English cricketer David Brown, his wife Trish and their granddaughter, Emily. The Browns have a rich history in horseracing and have bred countless high-class winners, including renowned sprinter Bolshoi, who won the Kings Stand Stakes at Royal Ascot and eight other races.

Some eligible fillies bred by the Owners Group 034 syndicate are registered for the Great British Bonus (GBB) scheme, a racing industry scheme set up to incentivise and reward the breeding, buying and racing of British-bred fillies and mares. If any of Miranda's GBB registered eligible offspring (British-bred fillies only) runs and wins in any GBB qualifying races during the syndicate term, as an owner, you may be eligible for a share of any GBB breeder bonus received.

To confirm, by purchasing a share in this syndicate, you will own a share in the broodmare Miranda AND her colt foal by Maxios, plus any foal resulting from the 2026 covering by Hurricane Lane, assuming you remain an owner at the time any foal is born.

Why buy into a breeding syndicate? Click here for more info.

This syndicate term lasts until 1 March 2027, with no commitment to continue at the end of the syndicate period. Please click here for full details of the end of term process.

This syndicate is divided into 3,000 shares and each share costs £82 (including VAT). View price transparency. There will be nothing extra to pay, no matter what costs are incurred during the syndicate period. The syndicate is subject to the usual 'Owners Group' terms and conditions. The current maximum number of shares that can be purchased by one person is 10. There are no partners or others sharing this horse and therefore 3,000 shares represents 100% of the ownership of the horse.

The share price is £82. The full price breakdown is:
The capital value of Miranda and her 2026 colt is £125,000 which works out as £41.67 per share.
The nomination fee is set at £5,000 which works out as £1.67 per share.
The cost to register for the Great British Bonus scheme is £550 which works out as £0.18 per share.
Our management and service provision fee is set at £15.00 per share.
The all-inclusive keep/vetting cost is set at £7.74 per share.
The cost for mortality insurance (covered for £125,000) is £1.24 per share.
The racehorse rehabilitation contribution is £0.83 per share.
The VAT is £13.67 per share.
There will be nothing extra to pay for the syndicate period, no matter what costs are incurred.

Given the large sums of money generated by the sale of one syndicated horse, it is important that owners understand how the price of each share is broken down. In addition, we openly publish the full terms and conditions governing each purchase, in plain language, on our public website pages. Each Owners Group share is genuine racehorse ownership and not a cleverly disguised leasing arrangement or similar, where you don't own any part of the horse.

We have divided this syndicate into 3,000 shares, with a syndicate term period ending 1 March 2027.

There are no partners or others sharing this horse and therefore 3,000 shares represent 100% of the ownership of the horse and 100% of race prize money received from Weatherbys is divided equally with no deductions other than those referenced in term xlix.

The capital value of Miranda and her 2026 colt is £125,000, which works out at £41.67 per share.

The nomination fee is set at £5,000 and works out at £1.67 per share.

The cost to register for the Great British Bonus scheme is £550 which works out as £0.18 per share.

The all-inclusive payment for keep/vet/farrier/etc throughout the syndicate period works out at £7.74 per share for this horse and is not contingent upon any other costs arising. Therefore, where the actual costs incurred are greater than the amount charged, the company stands the difference and where less, the company retains the difference. This policy means that we don't have to add any additional contingency fees and gives our customers peace of mind that there will be no additional costs.

The cost of mortality insurance for this horse is £3,710.00 (covered for £125,000), which works out at £1.24 per share.

Our combined management and service provision fee works out at £15.00 for each of the 3,000 shares. This fee includes, but is not limited to, our administrative costs, staffing (the company has 40 members of staff), video production, race footage payments to Racing TV and Sky Sports Racing, monthly magazine production, postage and packing (if applicable), prize money distribution, information technology, VAT refund administration.

Once a racehorse retires from racing, and the syndicate period ends, the responsibility for all costs arising (which can continue for several years) passes to the company but is helped by the pooled 'racehorse rehabilitation contribution' which was set at £2,500 per horse, per annum, which works out at £0.83 per share. Should any surplus funds arise, they will be retained for the sole purpose of racehorse rehabilitation.

As a commercial syndicate, our business is required by law to pass 20% (the current rate of VAT) of the sum you pay for a share, to HMRC. VAT legislation cannot be avoided and rather than conceal this sum to gain a trading advantage by making it appear that you are not paying VAT, it is transparently and legally specified in our price breakdown. However, because Owners Group is real racehorse ownership, we can submit a reclaim for this sum from HMRC on your behalf (if owners provide their National Insurance number), via the VAT Registration Scheme for Racehorse Owners (see Terms & Conditions). Therefore, for example, if you pay £60 for a share and HMRC successfully refunds the VAT of £10, it means that the share would cost you only £50. We make no deductions from the 20% refund, as it is part of our service provision.

The VAT for the Miranda and her 2026 colt syndicate works out at £13.67 per share.

To summarise (cost per share)

Capital value - £41.67 per share.
Nomination fee - £1.67 per share.
GBB registration fee - £0.18 per share.
Management and service provision fee - £15.00 per share.
All-inclusive racing/training/keep/vetting cost - £7.74 per share.
Mortality insurance - £1.24 per share.
Racehorse rehabilitation contribution - £0.83 per share.
VAT - £13.67 per share.

Miranda and 2026 colt Pedigree

Miranda and 2026 colt2015 (16 March)Height: 16.0hh	{	CAMELOT (GB)	{	MONTJEU (IRE)	{	SADLER'S WELLS (USA)
						FLORIPEDES (FR)
				TARFAH (USA)	{	KINGMAMBO (USA)
						FICKLE
		GREAT ARTIST (FR)	{	DESERT PRINCE (IRE)	{	GREEN DESERT (USA)
						FLYING FAIRY
				GAMINE (IRE)	{	HIGH ESTATE
						GUEST ROOM

More information on heights

Racehorse Heights

The height of a racehorse is always a hot topic, with trainers, breeders and sales consignors often quick to make assumptions about scope and even ability based on how high a horse stands. A horse is measured in 'hands' (equivalent to four inches) from the ground to the top of the wither.

In general, Flat horses are smaller than Jumps horses, although as with humans, it's impossible to pigeon-hole horses to that extent. New Seeker, a very successful Flat horse for Elite Racing Club, was rejected by many top agents as a yearling as he was considered too big. Standing at almost 17hh, New Seeker proved most judges wrong and won twice at Royal Ascot as well as six other races. Conversely, Alan King trained the diminutive Katchit to win both the Triumph Hurdle and Champion Hurdle. Standing at 'barely 15.2hh', Katchit, would be considered by many to be too small for the Jumps game, but he was one of the most successful hurdlers of his era and had more guts than many of his bigger rivals. Top Notch, one of Nicky Henderson's most successful current inmates, was a very good hurdler and finished fifth in the 2016 Champion Hurdle. A few eyebrows were raised when Nicky sent Top Notch chasing the following season, but the 'tiny' son of Poliglote took to the bigger fences like a duck to water and landed the Grade 2 Oaksey Chase at Sandown in April.

Paul Nicholls is renowned for training top-class chasers and despite Big Buck's' prowess over hurdles, connections were always keen to send him over fences because of his size and scope. However, after a couple of failed attempts, including a high-profile unseating of Sam Thomas in the 2008 Hennessy Gold Cup, Paul decided to shelve the chasing route and stick to hurdles. To look at Big Buck's, he was the classic chaser, but it's possible that his large size (17.1hh) compromised his ability to be athletic over the larger obstacles.

All horses are different and it's wise not to make too many predictions about a horse's future capabilities based on its size, until a horse proves it themselves. It would not be unusual for a 15.2hh horse to have more scope than a 16.2hh horse once on the move. Natural athleticism might mean that a small horse covers more ground than a bigger horse despite that looking unlikely when simply stood up and 'judged'. It's a fascinating subject and as with many things with racehorses, there are seemingly no rules.

Heights of a few famous racehorses:

ZENYATTA (dual Breeders Cup Classic winner) - 17.2hh
SECRETARIAT (1973 Triple Crown winner) - 16.2hh
HYPERION (Derby and St Leger winner) - 15.1hh
RED RUM (three-time Grand National winner) - 16.2hh
FRANKEL (ten-time Group 1 winner) - 16.1hh
MILL REEF (Derby and Prix de L'Arc de Triomphe winner) - 15.2hh

Buy a Share in Miranda and 2026 colt for £82 (inc. VAT)

No monthly costsThere are NO monthly costs and there will be NO other requests for payment during the syndicate period.

GREAT GIFT IDEA! We can either post the welcome pack to the purchaser, or directly to the recipient.

What happens at the end of a syndicate term?

There really is no obligation at all after the initial one-off purchase!

All horses have a set syndicate term, which usually lasts for approximately 12 months, although this can vary.

Towards the end of the term, owners will receive a report from the trainer and the team, specifying the horse's prospects going forward and a recommendation on whether we believe the horse should continue into a further term, giving everyone the chance to renew for a further term.

The renewal price is very likely to be cheaper than the price paid to purchase the share(s) in the first instance, as owners will have already paid for their share of the capital of the horse. Therefore, the renewal price just includes the ongoing racing/training fees, management fees, insurance, VAT and the contribution towards the Horse Retirement Fund.

Owners are not obliged to renew their share(s) if they don't wish to, it's completely their choice. Once the syndicate term ends, any relinquished share(s) will automatically be released for sale and if those share(s) sell elsewhere, owners will receive the relevant share capital value of the horse, credited to their account.

If a low number of owners decide to renew their shares, the syndicate may be re-structured (see Terms and Conditions), or the horse may potentially be sold. If a horse is sold, the net sale price will be divided by the number of shares in the syndicate and all owners will receive their share of the net sale price to their account. If the syndicate does not continue into an extended period, any renewal payment for that new period, will be refunded.

Racehorse welfare is our top priority. If a horse has a setback in training or is deemed not to be fit enough to race for any reason, then the horse will rest until fit and ready. Our business also runs a not-for-profit organisation called Xracehorse Club, dedicated to the re-homing of retired racehorses. We are extremely passionate about the welfare of all of our horses, and will always endeavour to ensure that any horse retired from is given a loving home, when they retire from racing.

Why buy into a broodmare?

At first glance the offer to purchase a share in a broodmare may not appear to be as attractive as buying into a horse in training. However, that is not so.

The syndicate fee includes the cost of a nomination to a stallion, meaning owners of the broodmare will also become owners of any foal from this nomination.

Owners will receive weekly updates (and videos/photos), to follow the exciting journey of the broodmare that hopefully results in a healthy foal. The dream for all owners is to subsequently follow the foal's journey to hopefully seeing their first appearance on the racecourse. Having followed the foal throughout their life, this is a wonderful experience for owners.

Organised stud visits enable you to see your broodmare and her offspring at close quarters, adding further enjoyment to the entertaining prospect of becoming involved in bloodstock.

As well as the obvious attraction of buying into a bloodline and the associated benefits, there are two areas that can add a considerable amount of excitement and interest on a week-by-week basis.

Because the value of a broodmare can fluctuate in relation to the performances of her progeny on the racecourse, every race that one of her progeny takes part in, becomes a race of much interest to you. The higher the quantity of her progeny in training, the greater the prospect of all-year-round racecourse action for you to follow.

Even a win at the very lowest level of race will not harm the credentials of the broodmare. A win in a Group race would send her value soaring.

Another way that a broodmare's value can increase is if a close relation of the broodmare wins or is placed in a Pattern race (a Graded or Group race over Jumps or on the Flat, respectively) or a Listed race (for horses who are better than Class 2 handicap standard but are not quite Pattern race standard). For example, if a half-brother of the broodmare finished second in a Group 3 race, the family receive a 'black type' boost.

Note: 'black type' refers to the pedigree specified in an auction catalogue, whereby a Pattern/Listed race win/place of any horse in the pedigree, is in a bolded (blacker) typeface.

Buying into a broodmare must be for entertainment as opposed to investment. Even if your broodmare doesn't have any success with her progeny on the racecourse or even if her family doesn't acquire black type, a well-planned nomination to a suitable sire (future breeding) still offers all the excitement of how the resultant offspring might perform on the racecourse. Many of the best-bred broodmares in the world have failed to produce a future winner and, on the other hand, progeny at the lower end of the breeding spectrum have shone and become top quality racehorses.

The unknown qualities of the bloodstock game make it a superb entertainment.

The chosen stud for your broodmare is a key factor. Owners Group management will only choose studs with a known history of quality, care and professionalism.

Buy a Share for £82 (inc. VAT)