How does the syndicate work?
Initial Purchase
Shares in each horse are available to purchase in 2.5% increments, however members can purchase multiple shares, should they wish to.
The share price for each available horse can be found on our ‘purchase shares’ page and must be paid for in full at the time of purchase.
This is a one-off payment and will only be required at the start of the syndicate term.
Training Costs
A monthly fee of £85 Inc vat per share covers an all inclusive package to include training fees, veterinary costs, farriery, physiotherapy, transport, racing entries & insurance. There are no hidden costs and fees can be paid by monthly direct debit or annually at the start of the syndicate year.
PLEASE NOTE: Each syndicate member pays the same amount of training fees across the year whether they join at the beginning or part-way through.
Prize Money
Due to the nature of the sport, syndicate ownership shouldn’t be viewed as an ‘investment’, however there is the opportunity to redeem some of the associated costs (plus possibly a bit more!) if the horse does well on the track!
Prize money is divided up equally between members, with a share also going to the trainer & jockey, as per industry standard.
Both prize-money and ‘overflow’ money are distributed to shareholders at the end of the syndicate period. The amount received will be on a pro-rata basis, determined by % ownership.
Sale of the horse
At the end of the syndicate period, unless other arrangements have been made, the horses will be entered for public auction at the end of their 3 year old campaign. Hopefully by this time, the horse has improved its form and is worth more than the initial purchase price. Syndicate members will receive a pro-rata share of the selling price and can choose to leave the syndicate at this point, or roll the funds over to a new purchase!