Being able to own a premium thoroughbred for cheaper than a beer per week may seem like like a pipe dream, but with miRunners it has been made possible.
What we do
miRunners is changing the face of Australian thoroughbred racing, making horse ownership accessible to all Australians.
For most of history, ownership of thoroughbreds was limited to a select few with high costs and obstacles making it incredibly difficult for the everyday Australian to enjoy the ownership experience.
The miRunners model has changed all that as we aim to bring the best horses together with the best trainers and make them affordable so anyone who has a passion for racing can experience ownership.
How we do it
There is no secret to our formula: we simply purchase a premium racehorse, match it up with a top tier trainer and split the purchase cost into 1,000 units.
For example: when the first miRunners horse – Saganaki, was purchased at the Gold Coast Magic Millions for $165,000, the horse was split into 1,000 units which were available to purchase for $165 each.
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We expect any horse we purchase to be in the $165,000-275,000 price range and every horse we purchase will be divided into 1,000 equal units. If the horse wins, the owners’ share of win is also distributed equally by 1,000 units.
miRunners makes its fees from the monthly fee. $10 covers the communication and administration, $5 per month covers all the insurance, food and training fees. Total fees for your first unit will be $15 per month but only $5 for any subsequent units. No matter how many units you own, you pay the $10 component for your first unit only.
The ownership experience
No matter if you own a single unit or if you own 20, every unit holder is given the full ownership experience which includes:
- The opportunity to meet your horse
- A certificate of ownership
- Weekly video updates on your horse from the trainer/stable
- A private area at the racetrack for all owners of a miRunners horse
- A pro-rata share of all prize money won
- The thrill of being able to watch your own horse race
How to join
Horse number two is going to be trained by Melbourne-based Mick Price, one of Australia’s best trainers. The yearling will be purchased at the Magic Millions Auctions on the Gold Coast in January.
You can reserve your place in this horse by purchasing a Priority Access Voucher for just $15, but be quick because there are only limited vouchers left. The even better news is that when the horse is bought, voucher holders receive their first two months fee-free ($30 value), so the $15 you spend isn’t wasted.
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Along with reserving your place and getting two months fee-free, you will also get to experience the buyer’s journey.
The buyer’s journey is one that is different to the owner’s experience which allows you to investigate potential purchases, debate the pros and cons of different yearlings and feel the excitement of auction day as we bid for your next thoroughbred.
If you purchase a Priority Access Voucher you will be taken on an exclusive buyer’s journey:
- Updates from our chief scout as he investigates potential horses
- An insider’s view to our thinking behind yearling purchases
- An invitation to be there live at the Magic Millions auction
- An exclusive live stream of the Magic Millions auction if you cannot be there in person