About MI Runners - miEverest

About miRunners

About <span>miRunners</span>

Making horse ownership accessible to all!

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.

Established in 2013, miRunners is changing the face of Australian thoroughbred racing by making horse ownership accessible to all Australians.

The miRunners model aims 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.

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. No mark up.

How does miRunners work?

Let’s use the example of Zoushack, a yearling we purchased for $275,000 at the 2018 Gold Coast Yearling Sale.

The horse was split into 1,000 units which were available to purchase for $275 each.

We expect any horse we purchase to be in the $165,000-300,000 price range.
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 derives a profit from the monthly fee. $11 (inc. GST) covers the communication and administration, $5 per month covers all the insurance, food and training fees. Total fees for your first unit will be $16 per month but only $10 for any subsequent units in the same horse.

No matter how many units you own in a horse, you pay the $11 (inc. GST) component for your first unit only.

Your questions answered

Discover all you want to know about miRunners!

If you still have questions, please head to the miRunners website or fill in the form to stay up to date with all current developments and horse purchases.