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Last Updated: Monday, 3 March, 2003, 18:22 GMT
Owners dreaming of glory
JP McManus
Owning a National Hunt horse should be seen as a hobby and not a money-spinner.

With its breeding opportunities, Flat racing is a much more viable financial proposition than its cousin over the jumps.

But the down side of the Flat is many horses are retired to stud at a young age, potentially depriving the sport of its future stars.

It costs about 14,000 a year to own a National Hunt horse in training.

Prize money is relatively poor compared to the Flat - and the risks of injury are obviously higher.

But there are cheaper ways of ownership, such as joining a syndicate.

Racehorse owners range from farmers to lottery winners and celebrities.

Several famous names have a whole string of jumping horses.

These include Lord Lloyd-Webber and footballers Steve McManaman and Robbie Fowler, whose horses run under the name of the Macca & Growler Partnership.

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