How Do You Create A Horse Racing Syndicate?

Horse Racing Syndicates Checklist

1. Define your Syndicate.
2. Pick your Members wisely.
3. Set up a Management Plan.
4. Ensure Everyone is On Board.
5. Make it Happen.

Do horse racing syndicates make money?

The majority of horse racing syndicates tend to be affordable. This is because you only purchase shares inline with what you can afford. There are a few ways that a syndicate can make money; the horse could win or get placed in a race or profit could be made if the horse is sold on in future.

How do racehorse syndicates work?

Syndicates are a form of shared ownership where the Syndicate members own, or lease, an interest in racehorses. A Syndicate is managed and administered by the Syndicator(s) and only the syndicator(s) must register as a Sole/Company owner. It isn’t necessary for members of the Syndicate to register as owners.

What is an equine syndicate?

What is syndication? In a horse ownership syndication, a group of people comes together to purchase ownership in a promising horse for a professional event rider. The ownership not only covers the actual cost to buy the horse, but also the annual costs needed to maintain the horse.

How do I set up a horse racing club?

Here are 5 simple steps that you should take when starting your very own horse racing club.

1. Securing Your Own Headquarters.
2. Acquire a License.
3. Join the National Thoroughbred Racing Association.
4. Start Breeding Your Own Horses.
5. Register the Horses with the Jockey Club.

How much does it cost to be in a racing syndicate?

This can vary depending on how many shares the syndicate is split into and can range from a few hundred pounds for a small initial payment, typically 1% share purchase and then a smaller amount per month approximately £50/£100 per month up to thousands of pounds for 5, 10, or 25% purchase, obviously there are many

How many people can be in a horse syndicate?

Syndicates can be formed of up to 20 individuals registered under the Rules of Racing. A company, firm or stud can also be registered as a syndicate. A group of natural persons who wish to race a horse together. In this syndicate the number must be at least two and no more than twenty.

How do racing syndicates make money?

They need to hold an ASIC issued AFSL or be an Authorised Representative holder under an AFSL as you must have the correct licensing to be able to legally advertise shares in a racehorse. A Syndicator makes their money by putting a margin on the shares or charging an on-going management fee.

How are syndicates formed?

Two or more businesses normally form a syndicate when they’re in the same industry. For example, two banks might create a syndicate to offer a particularly big loan to a high-risk party. Each bank would offer up a part of the loan amount. They’d then share in any risks, such as a default, and also share in any profits.

How does a syndicate make money?

A syndicate is a group of investors that pools their capital to invest into deals (SPVs). When you back a syndicate, you’ll be invited to deals that you can choose to invest in on a deal-by-deal basis. There is no commitment to invest in deals when you join a syndicate.

How do I register a syndicate?

(a) The application to register the Syndicate shall be submitted by the Manager for approval and due registration by the Principal Racing Authority and thereafter the Manager shall forward to the Members a copy of this Agreement.

Are syndicates illegal?

Are syndicates illegal? Lottery syndicates are formed to pool tickets thus increasing the chances of winning. Lottery syndicates are more common in the UK and Europe in general. They are legal in the US, but legal problems are regularly reported.

How long does a syndicate last?

Syndicates are established with different terms, however if they are non-development, they typically have a set life ranging between five to ten years from the syndicate’s establishment depending on the objectives of the investors. Each property syndicate will have different objectives.

Who owns the horse in a syndicate?

A syndicate is a form of shared ownership where the members own, or lease, an interest in one or more racehorses and make a financial contribution to their purchase in return for legal or equitable title to the horse. Additionally, you will share the costs (for example training fees, travelling and veterinary).

How do horse racing owners make money?

Horse owners can make money in varying ways; breeding, racing, boarding, or buying and selling horses are examples. Racehorse owners make money if their horse runs well enough to receive a portion of the purse. However, it is most likely they will never make a profit.

How many acres do you need for a horse race track?

THE MINIMUM acreage required for building a half-mile track is approximately 17.5 acres, compared to 27 acres for a five-eighths-mile track and 55 acres for a mile track. This includes the outer embankment but does not include land for buildings, parking, a road encircling the track, and other needs.

How much do you make owning a race horse?

From horses’ earnings, jockey and training fees are paid. After monthly expenses and fees are paid, there is usually very little profit remaining for the horse owner. As an example, in a race with a purse of $10,000, the winning horse owner gets $6000.

How do I start a racing event?

1. Choose Your Event, Location and Date.
2. Set Goals, Get Permission, Plan the Logistics.
3. Build a Budget, Find Sponsors, Promote Your Race.
4. Day of Your Race.
5. After the Event To-Do List.
6. Race Directors: Your Race-Day Checklist.
7. Smooth Registration Equals Good Results.
8. Choose Your Event, Location, Date.

How do you start racing professionally?

You can follow these steps to become a professional race car driver:

1. Develop your driving skills. To compete against professional race car drivers, you must have excellent driving skills.
2. Join a racing club.
3. Obtain a vehicle and equipment.
4. Obtain a competition license.
5. Practice and train.
6. Look for a team or a sponsor.

Are horse syndicates worth it?

Racehorse syndicates are a cost-effective, fun way to get involved with racehorse ownership. For those looking to sink a little more money into horse ownership, you can expect to also take on more responsibility for the management and upkeep of the racehorse.

How many acres do you need for 5 horses?

In general, professionals recommend two acres for the first horse and an additional acre for each additional horse (e.g., five acres for four horses). And, of course, more land is always better depending on the foraging quality of your particular property (70% vegetative cover is recommended).