Syndicate owwnership of eventer - what would you expect!

[canteron]

Just been looking at a syndicate for an eventer. It’s looking at a minimum £10,000 investment and running costs of £6-800 per month. Eventer is a ‘name’ in the eventing world.

That is a lot of money? What would you expect in return for your money to make it attractive.

And if you had a quarter share would you expect an exit procedure where you got an uplift (if applicable) in your ‘investment’?

Otherwise, it seems as if you are paying a lot of money for a ‘strangers’ hobby with no control or particular involvement?

Really curious how they make it fun and add value for the syndicate owner.

 

[ihatework]

I’m assuming that is for a quarter share?
Is it for a young horse or an established horse? The monthlys look more like established horse running costs.

It is a lot of money. Pro eventing is not a cheap game. You are paying out for ‘your’ hobby, not the riders hobby (it’s the riders profession).

In the right set up it’s great fun, but not cheap. You generally get little say in the management of the horse because it will be in the pro’s system.

There are various models but with the figures you have quoted it would be a %ownership. There are often fairly stringent clauses on rights in resale and get out clauses.

 

[canteron]

ihatework thank you …. and anyone what would have to be included to make it great fun, ie a better experience than just following a particular horse/rider

 

[Jeni the dragon]

I'm involved with a younger rider, not a name yet. I don't pay anything like that money wise. Horses are based near Tamworth and I'm outside Edinburgh so not involved in day to day care! It's a huge amount of fun.

 

[millitiger]

Those running costs sound high (£3,200/month) against a lowish total purchase price (£40,000).
I'm assuming a 1/4 ownership share in horse?

For an ownership contract I would definitely expect watertight section for what happens if the ownership is dissolved or how you exit.
As a partial owner, I would definitely expect the £10,000 investment to be worth more as horse gains more value (or reduce if horse loses value).

I would expect tickets to events, regular yard days to see horse working.
Weekly update on how horse is going, what the competitor plans are.
The pro I know hosts days for owners at the yard, where they can watch the horse(s) working before having a dinner together etc.
Picnics at events (although mostly owners like to provide those!), course walks with the rider.

 

[LEC]

Phoebe Locke runs them as investment opportunities as they so often sell at 3* level. There is also a tax write off element. https://eventingfirst.com/company-aims

They had Tim and Jonelle onboard for a bit but my guess is it didn’t work because they want 5*/ championship horses not just to produce to 3* to sell as this is where horses are probably worth the maximum for effort put in and time.

It does seem to have gone quiet and the website is out of date because I suspect the effort/reward isn’t high enough unlike something like sjing and dressage potentially.