While Ireland still appears to have done nothing about advertising for a new show jumping high performance manager, or appointing an Olympic-ready high performance committee, a British company has taken the initiative in dealing with the frequently massive costs involved in buying and maintaining Grand Prix-level horses that compete internationally and that may be Olympic hopefuls.
The company, Elite Horse Owners (EHO), has announced the launch of a show jumping scheme which will offer a tax efficient way of holding shares in top class show jumping horses to be campaigned by the UK’s rising young international star of the sport, Jessica Mendoza.
The company has already formed a syndicate to support Devon based eventer Tim Cheffings, and have now funded the purchase of three top class horses for him, with a fourth to come.
The scheme, which will be fully approved to offer Enterprise Investment Scheme (EIS) benefits to those with a UK tax exposure will be looking to campaign horses from the 2017 season through to the Tokyo 2020 Olympic Games.
Jessica Mendoza, who competes regularly on the Longines Global Champions Tour and major international championships, shot into the World’s top 100 last year and is one of only seven British riders to feature in that elite group. She has numerous victories and placings to her name across Grands Prix, World Cups and Nations Cups. When acting as travelling reserve in Rio, she became the youngest British rider for 40 years to make an Olympic squad.
Commenting on the appointment, Karen Carson, EHO Founder says, “We are delighted to have Jessica on board and look forward to building a strong rider partnership. We are eager to develop a fabulous portfolio of competition horses and get out there on the competition circuit.
“Jessica shows a huge amount of natural talent but is also extremely dedicated and hard‐working and it is very exciting to provide an interesting tax efficient opportunity for investors whilst also providing Jessica with a strong string of horses to enable her to reach her potential in this high‐profile sport.”