fbpx

First Time Ownership FAQs

How to choose a syndicate or racing club

Cost

The first thing most people consider is the cost. There are syndicates and racing clubs out there for all budgets, the first thing you should probably look at is how you are going to be charged and what you get for that cost. You can search for syndicates by price on our Browse page

One-off Payment Purchases

Some syndicates and racing clubs offer a one-off payment for the purchase and training of a horse for a set period of time. In most cases you will be paying to lease the horse for this time. Generally this type of syndicate or club is aimed at the budget end of the market and offers a great low-risk first step into racehorse ownership. 

There are often many members in this type of syndicate to help spread the costs, however this won’t dilute the fun! This is a great option for many people as you get the perks of owning a racehorse at a fraction of the cost.

Monthly Payments

Other syndicates and clubs will charge monthly payments for the ownership or lease of a horse. This is very similar to the one-off payment style of ownership and the horse is often leased to run in the syndicates name rather than owned outright. Many trainers run syndicates or clubs in this manner, leasing horses to the syndicate that they have already sourced and bought.

Initial Purchase Plus Monthly Fees

Syndicates that allow you to own a capital share in a horse usually require an initial purchase fee, in line with the percentage of the horse you wish to buy, along with monthly fees for the training of the horse. This type of ownership will likely cost you more than the previous two options, however small stakes of as little as 2.5% are often available. 

The upside of this is that you do actually own the horse and could potentially benefit if your horse performs well and is sold at a profit. This type of ownership can also offer the chance to get involved with the naming of the horse.

Will I get to choose which Jockey rides my horse?

Most Trainers will have jockeys that ride the majority of their horses who they prefer to use. Most syndicates or clubs leave the jockey booking up to the trainer, however if your syndicate combined has a particular favourite jockey it may be possible to negotiate with the trainer over who rides your horse. If you have a favourite jockey it may be worth finding a syndicate or club that has a horse based with a trainer that usually uses that jockey.

What happens if my horse gets injured?

It’s an unfortunate reality that racehorses do get injured from time to time. If it’s a minor injury then it’s just a case of sitting tight until the horse is ready to race again. If it’s a long term injury it really depends on what syndicate you’re part of and the terms you have agreed upon. Many reputable syndicates and racing clubs may offer to replace the horse if they are likely to be out of action for the season.

Can I sell my share?

This depends on the syndicate or racing club that you are a part of. If you actually own a percentage of the horse then it is likely that you will be able to sell your share when you want. If you are part of a racing club where you are leasing a stake in a horse then it is likely that you will agree to pay a subscription for a set contract length and may not be able to opt out. There are syndicates available where you can pay monthly to lease a share in a horse with no obligation to renew each month.

Will the horse be able to run at my favourite/local racecourse?

Generally speaking trainers will often run horses at their local racecourses so if you would prefer to stay local its best to join a syndicate or club with a horse trained locally to you. This also makes stable visits a lot more convenient for you!

Are Syndicates and Racing Clubs regulated?

The British Horseracing Authority put in place a Syndicate Code of Conduct in 2017 to regulate syndicates and racing clubs. More information can be found on the BHA website

Do I need to become a registered owner?

You don’t need to become a registered owner to be part of a syndicate or racing club. The manager of your club or syndicate will be registered with the BHA. If you wish to set up your own syndicate you will have to become a registered owner, you can find more information on what’s required here

Signup to the Equivend newsletter