Racehorse owning syndicates

Clodagh

Clodagh

Playing chess with pigeons
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Does anyone know much about these? I am talking my Dad into doing it but am not sure how to go about it. Do you go to a person who is paid to organise it, or go to a trainer direct?
 
Either way, buy the racing post on a Saturday, it can be downloaded. I will have a look at my copy in a minute.
First thing is to decide why you want one, is is jumps or is it flat.
Is it to visit a local course and have a regular runner or to speculate and wait to see if an untried animal turns out to be Group 1 runner. [the better the animal the less it is likely to run and the more it is likely to cost]
How much to invest, is it a one off payment for a year or a monthly payment.
Some syndicates will give owners regular news on training and stable visits are arranged.
The BHA site has information.
http://www.own1.co.uk/
the richard fahey racing club is £249 per annum, hottotrot is £1200
a 1/12 share in a duke of marmalade colt is £1800 to purchase and £170 pcm fees after for a year.
 
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We are a member of a syndicate with Diamond Racing. We are really novice owners and approx £ 80 per month gets us a 2% share in one horse. The gives us owners badges, stable visits etc. On a race day there are usually about 15 of us in the parade ring and we really feel that we are part of it. There are many other ways of doing this, joining a racing club, via the trainer etc. What appealed to us was the fixed costs with no up front outlay, also we could leave at any time so no long term commitment. Look in the back of racing post and talk to the people organising the various syndicates, there are many options available.
 
Brilliant, thank you. It would be jumps, not flat. On Facebook there is a page called EPDS racing, I like the sound of them, have you heard of them at all?
I will buy the Racing Post next Saturday when I have bullied him a bit more about it. He would like a good social side to it, he is lonely and would love people to go racing with, as well as seeing the horse at home and so on.
 
As the jumps is nearly over, it would probably suit him to join a well subscribed racing club which is going to get him out to racecourses near-ish to him.
I was in the Elite racing club in its early days, they send out weekly newsletters with a lot of info, they also have a breeding program, and do tipping lines as well, and are more like a club, but with so many members it might lose a bit of exclusivity. They are well established and use a mix of trainers and have jumps and flat horses, though most are flat.
They have had some really good horses, it is well established and professional.
 
I had a look at EPDS, it is a bit niche, and in one way it may be more like owning one, but a run of the mill one :D: all owners hope their horses will win at the top grade, but most are content if they win at all!
The main thing about being with smaller trainers is that you are helping to keep the game going at grass roots level, which can be just as absorbing.
There won't be many NH syndicates until the autumn, but Dad might be interested in going to the NH sales. I am not really a racegoer, but will I be going to the Craven Meeting in Newmarket for three days, though might only go racing once, there is lots to see, the races, the National Stud, , the breeze ups, the museum, the sales, and the horses out on the gallops. I usually mix my visits to a racecourse with other things
 
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Dad wouldn't expect a Cheltenham winner, a Handicapper at Towcester would be just fine. Dad and I have been to Tattersalls before, I live near Newmarket.
I have got to persuade him yet but will get there I think.
 
If you can't find any obvious syndicates near you email your local trainers and ask if they have any in the yard.

We have a couple of syndicates in our yard - one which holds over 150 members, another that is exclusively 6 members which makes it more personal but obviously more expensive.

Syndicates are a good way to get into it and to meet people.
 
Thanks EKW. I just looked on Kim Baileys website and he has some for sale, like you say it all comes down to how much you want to pay. Dad lives in Wiltshire so it would be trainers near him that would be worth contacting. Is there a NH trainers list somewhere? Google will help, no doubt.
 
We bought my dad shares in a syndicate with John Best, in Detling, Kent. It cost £1000 initially, and I thing in the 2nd year Itrhink it was another 400. We have done the same for mum, but its slightly different this year. It gives them free entry to the day the horse is racing, they have visits up to the yard to watch the training,and they can go in the paddock. They had 2 horses in the first year, but neither really achieved much, so they were sold on, so for the end of that membership, they have got a more experience horse, which is now winning them some return. The one they have this year is a 2 yr old I believe, they have had, within the group the opportunity to select a name for her, its all very much well worth doing, its given both my mum and dad an interest to keep them going in their retirement.
 
Thank you Benson, that is what I hope. Dad hunted for years and loves horses but can't ride any more. He is still generally fit and well though.
 
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