HOW MANY OWNERS ARE IN EACH SYNDICATE?
There is a maximum of 20 owners per syndicate.
There is a maximum of 20 owners per syndicate.
The contract runs from the date that cleared funds are received and is for a MINIMUM 18 months for national hunt horses. After that point, we require one months’ notice to cancel.
You can choose to release your share and leave the syndicate when the 18 months is up, however the upfront payment will be relinquished.
The upfront payment includes the purchase price of the horse, vetting at the sales, , sales house commission (5 – 7.5% of the auction price), agents commission (typically 2.5 – 5%), transportation to your horses’ trainer, the breaking in of the horse and pre-training, plus training fee’s up to the month that the monthly payment begins. We will not ask for an additional purchase price payment for any of the horses’ additional years, you just continue with the monthly payments if you continue your contract.
The monthly payment is guaranteed to cover all training expenses: Veterinary treatment for any think below 1k, blacksmiths, breaking in, training, transport to and from the racecourse in ireland any transport to the uk will be taken out of prize money won , the jockey’s riding fee and your badge/s (the number depending on the % of the horse that is owned-see below) for the race meeting are all included. Your monthly fee will remain unaffected should other members of the syndicate choose to leave.
Ownership to the full value of your percentage share in your chosen racehorse, including your % of all prize money and any resale value and free entry to the owners and trainers’ enclosure at the racecourse when your horse runs. Invites to stable visits both where your horse is stabled . We deal with all the paperwork and administration for each horses’ run, enabling you to simply turn up at the track where everything is organised and waiting for you!
Race entries will be taken out of prize money won ,entries for races outside of the UK (all such entry costs including all forfeit stages and final declaration fees) plus transport for overseas races, are charged at cost price then pro-rata to your share – this then comes out of your share of the prize money if your horse wins. If, in the horses’ lifetime it does not earn enough prize money to cover these entries then any negative balance would not be charged to you.
yes it will not increase
You can pay the upfront share cost by direct bank transfer or by cheque. The monthly training fees, if not paid upfront, as some owners choose to do, can be paid by standing order
When you purchase a share, the horse is not insured. However, you may choose to insure your share and this can be done independently or alternatively we can assist you with that. We would require written confirmation stating that you would like us to look into insuring your share. Alternatively, we will occasionally write to a syndicate asking if you would like the horse to be insured at a stated value
We do welcome opinion from each syndicate member regarding your horse’s racing plans with your syndicate manager. Your manager will always be available to discuss through options for the horse and plans will be detailed though our owner updates however we leave these to the trainer as he knows the horses better than anyone
We organise year-round open mornings at every trainers’ yard, both during the on and off season. This allows you plenty of opportunities to get up close & personal with your horse, hear the trainer’s thoughts and meet up with fellow syndicate members.
The wellbeing of the Horse will be of paramount importance and the strategy for the management and racing of the Horse shall always be subject to the advice of the Horse’s trainer and if necessary at any time, vets. We pride ourselves on treating each horse as an individual, not just a number within our whole string, therefore the amount of starts during a season can vary from syndicate to syndicate. Some horses thrive on racing, some appreciate a bit of time between starts; therefore, each syndicate manager will be in frequent contact with each trainer regarding the race planning and strategy of every horse.
Yes. When you purchase a share, your contract will tell you how many complimentary ‘Owners and Trainers’ badges you are entitled to . When your horse is declared to run, 24 hours for jump races you will need to contact jim . At major race festivals, we cannot always guarantee owners badges for all owners who wish to attend, as some racecourses limit the number of Owner and Trainer badges per horse at such meetings ,we will always do our best to get everyone a owners badge
Yes, this is not a problem, we will do our very best to make your gift special.
During the racing season, you will receive updates via a newsletter every month in respect of your horse’s progressing all , race plans, entries and declarations. Every time your horse is declared to run, you’ll receive a text with a preview on the morning of the race and a review afterwards, once your syndicate manager has the race report from the trainer. We will also send you photographs and videos of your horse when available. Off season, updates will be less frequent, as if your horse is out of training or as we say ‘on holiday’, there will be less to report on, however we still hold stable visits to see our horses out of season and will keep you up to date on any news.
Each horse is reviewed with the trainer any decisions are based on the performance, rating, estimated value and likely potential returns for the owners, whether through likely future racing achievements or re-sale value. We do our best to suggest selling at the right time and all owners are asked for their opinion to aid the decision making
Unlike other syndicates, you will receive the share of the prize money you are entitled to if your horse is placed or wins. For example, if you own a 5% share, you receive 5% of any owners’ prize money won. ‘Gross’ prize money (which you will see at the top of race cards on the Racing Post website), includes all prize money distributed between owners, trainers and jockeys. The ‘owner’s percentage’ is about 78% for a win and then ranges from 83-87% for a place depending on the placed position. Please note SHR charge 2.5% commission on the gross prize money earned. Payment is usually made after the end of the season
Owners statements are prepared annually in MAY, summarising every owners financial account. If an account includes the proceeds of sold horses via sales houses then payments are sent after the sales proceeds have been received, which can take a minimum of 6 weeks to be sent out to us and clear.
Yes. The syndicate manager oversees how the winner’s prizes are distributed between the winning owners who are present at the racecourse. We aim to ensure that within each syndicate, trophies, photos, champagne and race DVD’S are fairly distributed amongst the owners during the season.