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FAQs
This page provides a comprehensive FAQ on syndicate shares for racehorses, covering everything from costs and benefits to risks and the process of joining a syndicate.
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What is a racehorse syndicate?A racehorse syndicate is a group of people who collectively own a racehorse, allowing individuals to experience the thrill and prestige of horse ownership without taking on the full cost and responsibility. Instead of a single individual bearing the entire cost and responsibility of ownership, the expenses, risks, and rewards are shared among all syndicate members for the chosen racehorse, making it a more accessible and financially manageable way to participate in the world of horse racing.
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How does a syndicate share work?A syndicate share allows you to own a portion of a racehorse along with other members, sharing the costs, responsibilities, and rewards. The percentage of the horse you purchase determines your ownership stake, meaning that your share of the horse's earnings and expenses is directly proportional to the amount you invested. while we manage the day-to-day decisions, allowing you as a member to focus on enjoying the thrill of ownership and participation in the racing world.
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What are the benefits of owning a share in a racehorse syndicate?Owning a share in a racehorse syndicate makes racehorse ownership more affordable by spreading the costs, risks, and responsibilities among multiple members. It allows you to experience the excitement, prestige, and potential financial rewards of the racing world without bearing the full financial burden. Additionally, members often enjoy access to exclusive racing events, behind-the-scenes experiences, and the camaraderie of being part of a passionate, like-minded group.
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How many owners are in each syndicate?answer
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How long does the contract last for?answer
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What do the payments cover?answer?
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Are there any additonal racing fees?answer
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Can I insure my share?answer
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Can I visit my horse at the stables?answer
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Are there any ongoing costs after buying a share?answer
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How are prize winnings distributed?Answer
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Can I see my share in the syndicate?answer
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Can I get a refund if my horse does not run?Answer
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What happens if the horse get injured or retires?Answer
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How is a syndicate managed?answer
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How often will my horse run?answer
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Do I pay VAT?VAT will not be charged to you the syndicate members and will be paid by the syndicate itself, it will in turn be reclaimed by the syndicate. As this is a part of the admin costs.
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What is included within the monthly costs?Monthly costs include: - Training Costs - Farrier Costs - Vets fees per month - Any major problems vet bills over £1000 in any given month will be splite qually as an additional charge, however you will be kept informed. - Health Tax - Syndicate administration costs including registration and running costs. - Supplements - Clipping - Chiropractor - Travel Expenses - Racing Expenses
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