Syndicates

Syndicates

 

Click to check out UK’s Top Horse Racing Syndicates.

There’s a good chance that you came to racedays.co.uk on account of your love of racing, the sport of kings!  Whether at home or on course, there’s nothing like experiencing the thrill of racing, of putting faith in a horse and seeing it romp home. Some like to get a step closer to the action though, to have skin in the game. Of course we don’t all have incredibly deep pockets though, or the connections and resources to become a race horse owner. That’s why horse racing syndicates are so popular.

Horse racing syndicates actually have a lot going for them and those taking the plunge of joint ownership are often no strangers to success. The OnToAWinner syndicate registered their first win in 2011 for instance, and have gone from strength to strength since. In fact 60% of horses are owned by a partnership or syndicate of some description, including such big hitters as California Chrome.

Some very well known trainers such as Richard Fahey run their own racing clubs / syndicates. In the case of his club, members own a part share in all horses that form the group. Some other syndicates run on an individual horse basis and of course, costs can vary significantly from one syndicate to another.

One successful syndicate is the six person Docado Syndicate in Ireland. Although they consider their horse ownership something of a hobby, they’ve certainly had success with, as Go Native alone collected £310,254 in winnings (and narrowly missed out on a £1m bonus after winning the first two of three legs of the triple crown of hurdling). Team Valor International in the States has been phenominally successful to the tune of million. The Royal Ascot Racing Club experienced success in the form of 2005 Epsom Derby winner Motivator. The list goes on.

It makes sense to spread the costs, and most syndicates offer an up close and personal touch where you regularly receive news and updates, no matter what your share in a horse is. Other perks can include a share of  prize money and of course the community aspect of being part of something that offers a lot of excitement.

It’s of course not something you should rush into headfirst though. Do your research on any horse racing syndicate that you hope to join. Don’t get drawn in my empty promises from overnight operations, instead stick with proven and respected services, and read through all agreements thoroughly so that you know exactly what you’re getting as part of your membership. Some questions to ask include, Will I receive prize money? , Is third party liability insurance included? How often will I receive updates? Who is my main point of contact?

If you do your homework, being part owner of a horse can offer a thrilling perspective on racing and an aspect of immersion and involvement that most will never see.