The Manager

The syndicate or racing club manager runs the day-to-day business and generally is the go-between the trainer of the horse/s and the syndicate or racing club members. The manager, or syndicator (when referring to a syndicate), will be your main point of contact with regard to the running of the syndicate or club and communicate updates on the horses’ progress and their racing plans.

The Trainer

All racehorses in Britain are trained under the care of a British Horseracing Authority-licensed racehorse trainer. The trainer is responsible for the care of the horse and its training in preparation for the races. They will plan where the horse will race and make its race entries. The trainer charges a training fee to the syndicate or racing club. Often trainers run their own shared ownership entity and therefore may also act at the manager.

Owning a racehorse is often considered to be very expensive, but it’s shared ownership experiences like syndicates and racing clubs that allow people to split cost and share the dream.
It should be treated as an experience.

The primary purpose of participating in a racehorse syndicate or racing club is to experience the enjoyment of co-ownership of racehorses (in the case of syndicates) or experience the benefits that ownership brings, but without formal ownership (in the case of racing clubs) and not in order to receive financial return.

When entering into shared ownership, consider your budget carefully and shop around for the right ownership experience for you. Some factors to consider and research are:

• The purchase price to join the shared ownership and is this a one-off payment or instalments.
• Does this entitle you to a share in the ownership of the bloodstock interest of the horse/s, or does the club or
  manager retain the ownership in the horse/s.
• Are training and racing fees charged in addition to the initial cost to join or are they inclusive of the joining fee.
• If the racehorse wins prize money are the members entitled to a percentage of the winnings, and how much.
• The manager may also charge an administration fee to manage the shared ownership.

It’s important to clarify with the manager what the costs to become a shareholder are and if there are any additional costs and are these fixed or variable.

The information which appears on InthePaddock.co.uk in relation to a listed co-ownership entity (i.e. a syndicate company or racing club) has been provided by the operator of that entity and GBR makes no representation as to its accuracy. To the extent permissible by law, GBR accepts no liability for reliance on any false information displayed on InthePaddock.co.uk.

Each user acknowledges that they should make their own enquiries as to the accuracy of information displayed, in respect to a particular co-ownership operator before participating in that syndicate or racing club. The user should read the terms and conditions applying to any co-ownership entity carefully before participating in a syndicate or racing club, seeking independent legal advice where appropriate.