What is a Racing Syndicate?
A horse racing syndicate is a group of people who pool their resources to share the costs, responsibilities, and benefits of owning one or more racehorses. This makes the experience of racehorse ownership more affordable and accessible than sole ownership.
Joining a syndicate provides an accessible way for racing enthusiasts to experience the thrills and social aspects of horse ownership without the full financial burden and administrative responsibilities.
Shared Ownership:
Members own a percentage of the horse(s) and, as a result, receive a proportional share of any prize money won or profits from the horse's eventual sale.
Affordability:
Costs associated with purchasing, training, veterinary care, and race entry fees are split among all syndicate members.
Professional Management:
A designated syndicate manager or syndicator handles the day-to-day administration, communication with the trainer, and financial management. Members do not need to deal directly with the British Horseracing Authority (BHA) or the trainer.
Owner Benefits:
Members typically receive many of the perks of a sole owner, such as stable visits to meet the horse, regular updates on its progress, and access to the parade ring and owner's badges on race days.
Community:
Syndicates foster a sense of community and camaraderie among like-minded individuals who share a passion for the sport.