ONE of my main responsibilities in racing these days is that I oversee the European arm of OTI Racing, run by Terry Henderson, which is based in Australia where they create and run racing partnerships.

These are the lifeblood of ownership in Australian racing. OTI have over a hundred horses in training with 20-odd being here in Europe. Many of their clients are wealthy people who could afford to own horses in their own right but they get more fun and undoubtedly more bang for their buck by owning small shares in a large number of animals.