Syndicate and Syndicator
A syndicate is a group of people who buy a share in a racehorse. Accordingly the group will own a percentage of the racehorse, pay for a percentage of all expenses and earn a percentage of all prizemoney earned by the racehorse.
A syndicator is a registered company that is licensed to trade shares in racehorses within their authorised state(s). This company takes responsibility for the management of your horse, including trainer billing and communication. Syndication makes owning a racehorse easy, safe, fun and affordable for absolute beginners all the way through to the experts.
Being part of a quality racehorse syndicate gives you the opportunity to share the thrill of ownership for a far smaller cost. For peace of mind, a licensed syndicator is required to provide legal documentation (Public Disclosure Statement) that includes all costs and wellbeing details of the horse, such as all associated costs and vet checks. A signed partnership agreement which outlining the procedure for managing the horse will also be included. Information included in the partnership agreement contains information such as how to vote on the horse name, how to distribute trophies and how to manage disputes.
All syndicators listed on Getracing.com.au are licensed with an Australian Financial Services license (AFS) and adhere to strict regulations to syndicate horses in Australia, providing you with security and safety in the knowledge that your money is well vested.
The syndicator is responsible for all communication to the shareholders from the trainer or the stable directly. There will also be a management fee which varies according to the syndicator. Syndicators walk you, the owner, through the selection and ownership processes every step of the way.
Once you have selected the horse you want to purchase a share in, the enjoyment begins with updates, track work mornings, and exclusive insight to the daily routines that all build up to the ultimate in excitement for the Sport of Kings – Race Day.
When considering the purchase of a thoroughbred racehorse, it is always important to remember that one of the main challenges in racing is that price doesn’t always guarantee success. However, some of the Southern Hemispheres’ finest bluebloods were purchased by experienced and professional syndicators from all over Australasia which has led to Group 1 triumphs.
Thoroughbred racehorse ownership gives you the chance to become a part of the racing lifestyle, filled with colourful characters, horse lovers and racing fans from all walks of life.