SYNDICATE OWNERSHIP |
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This is a social form of ownership offering all the
privileges and benefits
received by
sole owners but at a fraction of the price. For most people,
syndicates provide a more accessible way to be involved in horseracing.
An initial one off payment covers all costs for the duration of the
syndicate.
This includes the purchase price of the horse, all training fees and
management fees. There are no further costs or hidden expenses.
Most syndicates run for two years (with an option to continue for
additional
seasons if members are in agreement) after which time the horse is
sold
and all sale proceeds and prize monies are distributed equally among
the members.
Syndicates are formed with a group of 10 to a maximum of 20 people. With
this number of owners, the social side of syndicate ownership takes on
an
important role. Members are offered opportunities to get together at the
races, stable visits and other social events.
Joining a syndicate is an ideal way to learn about horseracing. The more
involved you are, the more you will be able to participate in the
exhilaration,
drama and excitement that is National Hunt racing.
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