Racehorse Syndicates The Simple, Affordable Way To Own A Racehorse

Article Written By: Ruth Williams

Have you ever fantasized about owning a racehorse? If you're anything like most horse racing followers, the answer is a booming yes...but it just doesn't seem possible. It's expensive to buy a racehorse, and they need a lot of maintenance.

However there is good news...it's actually easier than ever for anybody to own a racehorse. How? Racehorse syndicates. A syndicate can transform you from a racing fan, to a racehorse owner.

When you join a racehorse syndicate, you get to purchase a share of a racehorse, and split ownership of that horse among the other members. You get all of the benefits, but without needing to fork over a mammoth sum of money. You don't have to organize any maintenance, such as boarding, or carry any of the other charges.

A syndicate might be managed by a training centre, racing club, or professional eventer. They generally have various pedigreed horses available for shared ownership. They will set a fee for a specific percentage share of the horse. Different percentage shares may entitle you to different benefits.

What Does My Share Entitle Me To? Before you join a syndicate, you want to know what your money is getting you. Some syndicates may require you to pay supplementary costs throughout the season, for things such as vet care, racing silks and entry costs, while others will cover most or all associated fees.

You also want to ask how much involvement you are eligible to have in your horse's training or development. If you would rather just attend events for a discount and watch your horse race, then look for a syndicate that provides a decent price cut and/or special seating privileges for owners. If you prefer to be more involved, make certain your syndicate lets you visit the stables, receive updates on training and advancement, and help out during events. Some syndicates send out email or online updates that you can access at any time.

Joining A Syndicate All syndicates have websites, so it pays to browse several of them. Compare their prices, benefits and the quality of horses they have available. If you can, round up a few friends or family members to go in with you, so you can invest in a larger share.

If you've always wanted to own a racehorse, syndicates make it affordable. Imagine watching your very own racehorse thunder across the finish line...and celebrating your victory? A syndicate puts you right in the winners circle...without saddling you with a huge expense. What could be better?

About the Author

Being a member of a racing syndicate enables you to own a share of a racehorse and split the costs of the horse's upkeep with the other members.

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