TERMS AND CONDITIONS

LSL Racing
www.lslracing.com
Effective Date: 27th February 2026

1. Introduction

These Terms and Conditions (“Terms”) govern your access to and use of www.lslracing.com (the “Website”) and any services provided by LSL Racing (“LSL”, “we”, “us”, “our”).
By accessing this Website, making an enquiry, registering interest, or making any payment relating to a horse, syndicate, lease, or racing club membership, you agree to be legally bound by these Terms.
If you do not agree, you must cease using the Website immediately.

2. Role and Status of LSL

LSL operates strictly as a marketing and payment facilitation platform.

  • Does not own, train, manage, syndicate, lease, or sell horses unless expressly stated.
  • Does not act as principal, agent, trustee, escrow agent, bloodstock agent, or investment advisor.
  • Does not provide veterinary, legal, tax, or financial advice.
  • Does not guarantee racing performance, soundness, or financial return.

All agreements relating to ownership, syndication, leasing, or racing club participation are entered into directly between the user and the relevant third party (trainer, owner, syndicate, lessor, or racing club).
LSL is not a party to those agreements.

3. Investor Risk Warning

3.1 High-Risk Activity

Participation in racehorse ownership, syndication, leasing, or racing club arrangements is speculative and involves a high degree of financial risk.
These arrangements are not regulated investment products and should not be regarded as:

  • A financial investment scheme;
  • A collective investment undertaking;
  • A savings or capital preservation product.

Users should only proceed if they fully understand and accept the risks involved.

3.2 No Guarantee of Return

There is no guarantee of:

  • Racing success;
  • Prize money;
  • Breeding value;
  • Resale value;
  • Capital growth;
  • Profitability;
  • Liquidity.

Participants should assume that the entire amount committed may be lost.
Past performance of a horse, trainer, or bloodline is not indicative of future performance.

3.3 Ongoing Financial Obligations

Ownership, syndicate participation, or leasing may involve ongoing costs, including but not limited to:

  • Training fees;
  • Veterinary treatment;
  • Transport;
  • Insurance;
  • Entry fees;
  • Management costs.

These costs may increase and are outside LSL’s control.
Failure to meet financial obligations may result in forfeiture of ownership rights under third-party agreements.

3.4 Illiquidity

Ownership interests and syndicate shares are generally illiquid. There may be no secondary market and no ability to exit or resell.
Users should not commit funds they cannot afford to lose.

3.5 Veterinary and Performance Risk

Horses are living animals and are subject to injury, illness, loss of form, early retirement, or death.
LSL does not independently verify veterinary records or training assessments.

3.6 No Regulatory Authorisation

LSL is not authorised or regulated by:

  • The Central Bank of Ireland;
  • The Financial Conduct Authority (UK);
  • Or any financial regulatory authority in respect of investment services.

Nothing on this Website constitutes financial advice or regulated financial promotion.

3.7 Independent Advice

Users are strongly advised to obtain independent financial, legal, and veterinary advice before committing to any transaction.
By proceeding, users confirm they are acting at their own discretion and risk.

4. Syndicate Ownership

LSL may facilitate payment via secure third-party merchant services.
Payments may be made by debit or credit card.
Funds are transferred to the syndicate less applicable merchant service charges and applicable LSL Platform Administration Fees.

LSL is not responsible for syndicate governance, costs, performance, or management decisions.

5. Sole Ownership

Purchasers may transact directly with the trainer or seller via bank transfer; or
LSL may facilitate card payment processing.

Where LSL processes payment:
Applicable merchant service charges apply;
The LSL Platform Administration Fee applies;
LSL does not act as escrow agent unless expressly agreed in writing.

6. Leasing Arrangements

Lease agreements are entered into directly between lessor and lessee.
LSL may facilitate introductions and payment processing.
LSL bears no responsibility for lease performance, veterinary condition, or disputes arising under lease terms.

7. Racing Clubs

LSL may collect payments via secure merchant facilities.
Funds are transferred to the relevant racing club less merchant service charges and applicable LSL Platform Administration Fees.

LSL is not responsible for club management, benefits, communications, or operations.

8. Payment Processing

Payments are processed via secure third-party merchant providers.

  • Does not store full card details;
  • Is not liable for payment gateway downtime, banking delays, or third-party payment system failures;
  • May suspend or delay transactions where compliance or anti-money laundering concerns arise.

Platform Administration Fee

All purchases made via payment links on the LSL Racing platform will incur a 2.5% LSL Platform Administration Fee.
This fee contributes towards secure payment processing, platform facilitation, compliance checks, transaction handling, and associated administrative costs.

The Platform Administration Fee:

  • Is clearly displayed prior to payment;
  • Forms part of the total transaction amount payable;
  • Is non-refundable once the transaction has been processed.

Nothing in this clause constitutes a surcharge for the use of a specific payment method. The Platform Administration Fee represents a platform service charge applicable to transactions facilitated through LSL.

Merchant service costs incurred in processing payments are non-refundable.

9. Refunds & Cancellation

Refund rights are governed primarily by the relevant third-party agreement (syndicate, trainer, lessor, or racing club).

  • Syndicate purchases are non-refundable once confirmed.
  • Sole ownership refunds are subject to seller agreement.
  • Lease payments are governed by lease contracts.
  • Racing club memberships are non-refundable.

Statutory consumer rights apply only where legally required.

10. Anti-Money Laundering (AML)

LSL reserves the right to conduct identity verification and source-of-funds checks.

  • Proof of identity;
  • Proof of address;
  • Evidence of source of funds.

LSL may delay, refuse, or cancel transactions where suspicious activity is suspected and may report such activity to authorities in Ireland or the UK in accordance with applicable law.
Failure to provide requested documentation may result in cancellation without liability to LSL.

11. Data Protection & GDPR

LSL processes personal data in accordance with:

  • EU GDPR (Regulation 2016/679);
  • UK GDPR;
  • Irish Data Protection legislation;
  • UK Data Protection Act 2018.

12. Accuracy of Information

All information relating to horses or offerings is supplied by third parties.
LSL does not independently verify veterinary or performance data and makes no warranties as to accuracy or completeness.
Users must conduct independent due diligence.

13. Limitation of Liability

To the fullest extent permitted by law, LSL excludes liability for:

  • Loss of investment or capital;
  • Loss of profits or anticipated profits;
  • Veterinary issues, injury, illness, or death of a horse;
  • Racing performance or prize money outcomes;
  • Third-party disputes;
  • Syndicate, trainer, lessor, or racing club management decisions;
  • Indirect, special, or consequential loss of any kind.

Where LSL facilitates payment processing, LSL acts solely as a technical intermediary and bears no responsibility for the underlying transaction, performance of contractual obligations by third parties, or the financial outcome of any ownership arrangement.

LSL’s total aggregate liability arising out of or in connection with any transaction shall be strictly limited to the total Platform Administration Fees retained by LSL in relation to that specific transaction.

Nothing excludes liability for:

  • Fraud or fraudulent misrepresentation;
  • Death or personal injury caused by negligence where unlawful to exclude;
  • Any other liability which cannot lawfully be excluded under applicable law.

14. Indemnity

Users agree to indemnify LSL against any claims arising from:

  • Breach of these Terms;
  • Disputes with third parties;
  • Misrepresentation;
  • Regulatory breaches related to their transaction.

15. Governing Law & Jurisdiction

The governing law depends on the primary location of the horse and offering party:

  • Where located in the Republic of Ireland, Irish law applies.
  • Where located in the United Kingdom, the laws of England and Wales apply.

16. Amendments

LSL may amend these Terms at any time. Updated Terms take effect immediately upon publication.

17. Contact

LSL Auctions Limited T/A LSL Racing
Ireland Address: 10 Auburn Road, Mullingar Co Westmeath, Ireland
UK Address: Q West, Great West Road, Brentford, West London, UK

Website: www.lslracing.com
Email: sales@lslracing.com