Defence Witness

What you get

On raceday

A badge with every share, every time the horse runs.

At the yard

Aims to hold at least one open stable visit for owners every four months

Most members per horse

“Because most of our trainers take a % in the horse, the maxinum owners can reach is 30 - On average there is around 20 owners per racehorse.”From URSA Major Racing's website, read 27 September 2026

Horses covered

1

Keeping in touch

Weekly reports on each horse, with updates in between

Prize money

Members receive their share of prize money in proportion to their percentage

What it costs

Year one, per share

£970The upfront plus twelve monthly payments.

A year, per share

£803For comparison. The upfront buys a share that lasts beyond year one, so it is spread over an assumed three-year racing life.

Per 1% of the horse

£321The figure that makes offers comparable. A £54 share and a £5,000 share are not alike until you divide by how much of the horse each one buys.

Share size

2.5%

At the end

You own a share of the horse and a share of anything it is sold for. What that will be worth is unknown.

If the horse's career ends

Aftercare

A retired horse is found a loving home, with updates afterwards

The horse

About URSA Major Racing

Year the operator started

“Since our formation in 2018”From URSA Major Racing's website, read 1 October 2026

How many horses they run

Over 40 horses.From URSA Major Racing's website, read 1 October 2026

Winners to date

143 winners.From URSA Major Racing's website, read 1 October 2026

What's published

The details we look for in every offer, each counting once. A tick means we've found it on the operator's website or in a document they give every member, or, for RSA membership, on the RSA's own register. "Not found yet" doesn't mean it isn't there.

• –Full written terms not found yet
• ✓What a further term costsRead it on their website (read 2 October 2026)
• –What happens when the term ends not found yet
• ✓Aftercare when racing ends
• ✓How prize money is shared
• –Whether you can sell your share not found yet
• –Where the horse was bought (sale and lot) not found yet
• –What the horse cost not found yet
• –Complaints process not found yet
• –What happens if costs run over not found yet
• –Insurance not found yet
• –BHA registration: not found yet. The BHA doesn't publish a register, so ask to see it.
• ✓Racehorse Syndicates Association membershipListed on the RSA's register (read 12 October 2026)
• ✓Year the operator started
• ✓How many horses they run
• ✓Prices, without having to askYes, on their website (read 14 October 2026)
• ✓Winners to date
• ✓Owners' badges
• ✓Yard visits
• ✓How often members hear
• ✓The most members per horse
• –Hospitality for members not found yet

Questions to ask before you join

We haven't found these on URSA Major Racing's website yet. That doesn't mean they're missing, so ask when you get in touch.

• Can I read the full written terms before I join?
• What happens to the horse at the end of the term?
• If the horse is sold, do I get a share of the money?
• Where was the horse bought, so I can look it up in the sale results?
• What did the horse cost?
• Who do I go to if something goes wrong?
• What happens if the costs run over?
• Is the horse insured, and who pays for it?
• Can I see the syndicate's BHA registration?