Racehorse owners are individuals, partnerships or organisations that own all or part of a horse bred or acquired for competitive racing. Ownership may be held directly, shared among a group, arranged through a syndicate or racing club, or taken on lease. Owners usually appoint a licensed trainer to care for and prepare the horse, and meet or share costs such as training, veterinary treatment, transport, equipment and race entry fees. In Britain, ownership arrangements and horses entered to race are subject to British Horseracing Authority rules, including registration requirements. Those involved in this category may offer opportunities to buy a share in a horse, join a syndicate or club, or acquire or lease a horse for racing. Depending on the arrangement, members may receive progress reports, attend stable visits or have access to race-day experiences.