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A Syndicate 
A Syndicate is where its members, two or more people, own a racehorse or several racehorse’s and make a financial contribution to them, as well as share the costs and any prize money won. Therefore, when entering into a syndicate arrangement you will own a percentage of the horse/s, share the costs of keeping the horse in training and racing as well as a percentage of any of the prize money that the horse may win.
The syndicate is run by a manager (or syndicator) who manages, administers and promotes the syndicate and who often receives payment to carry out this role.
A Racing Club 
A Racing Club is often a more affordable option and often a good way to dip your toe into shared ownership. This is because the members of the racing club do not own the racehorse, the ownership of the racehorse/s belongs with the racing club or a third party and raced in the name of the racing club. Therefore, there is no financial outlay to buy a share of the racehorse/s, there is just a membership fee. However, the club members still receive similar benefits of ownership like owners badges to the races, stable visits and social events.
Who’s who?
Who’s who?
The manager and the trainer.
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.
Cost
Shared racehorse ownership means you split the cost
and share the fun.
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 spilt 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.
Share the Thrill
Shared ownership,
open to everyone?
Yes everybody!
Anyone can get involved in the thrill of racehorse ownership and In The Paddock invites you to search through shared ownership choices to suit you.
Owning part of a racehorse is an experience shared with other likeminded people and whilst hopefully you will experience the thrill of winning, racehorse ownership should not be viewed as a financial investment.
Shared ownership,
open to everyone?
Yes everybody!
Anyone can get involved in the thrill of racehorse ownership and In The Paddock invites you to search through shared ownership choices to suit you.
Owning part of a racehorse is an experience shared with other likeminded people and whilst hopefully you will experience the thrill of winning, racehorse ownership should not be viewed as a financial investment.