Starting at $100. Once you get your most reliable family and friends together to go racing, you need to manage them. They’re the fortunate ones. The truth is out there, and the best survive the test of time because they value their owners. Get the most from your racehorse shares in … The Operating Agreement will answer these questions, and the equine attorney can assist with summarizing these points. And when the horses win, it’s like Christmas! Your first step in creating a syndicate should be to decide on a specific horse, or to determine what criteria you will look for in a potential horse such as age, price range, etc. A friend of mine says that it is ‘an addiction with no known cure’, and he’s probably right. This equates to $1,200 for each member of a 5% syndicate group. A syndicate allows multiple people to purchase equal shares in a horse which cuts ownership costs, allowing more people to take part in the ownership. From the initial lodgement the relevant set up fees are charged, with the remaining balance then … 2. When you buy a share, you will own a small part of the horse and you will join him or her on a fascinating and interesting journey. Racehorse Ownership in Ireland is a unique experience that gets each owner to the heart of the sport. You can be a real owner, for a fraction of the usual cost. Owning a racehorse is an expensive endeavour and sharing the costs is the best way to enjoy the experience. This is convenient if you’re lucky enough to taste success and want to add to your stable. It’s an option, but that’s twice the cost and twice the bills, and the latter all come at once. Whatever you think it will cost, it always costs more, unless Lady Luck shines on you, and there’s only so much luck to go around. Horse Racing Partnerships A great way to enjoy the fun of owning a horse while sharing the cost is through a racing partnership, in which up to 20 people can be members. What do I need to do in regards to legalities for my syndicate? Buying shares in a racehorse requires an initial purchase cost along with ongoing monthly bills, so a good management plan is essential. In the horse industry, a “syndicate” generally refers to a group of people who come together to purchase shares in a horse. Sole ownership is the traditional and most straightforward way to own a horse. Racing promoters buy unraced or tried horses at the sales and then syndicate them out to the public for racing. Well, we can guarantee you one thing, if you do it the right way, you’ll have fun! MyRacehorse - Horse Racing Ownership. When determining the ownership interest purchase price, you should include cost to create the LLC (including legal fees and state filing fees, which the attorney can provide); vetting; transporting the horse from current owner to you (if, for example, the horse is overseas); insuring the horse for one year; commission and any other potential fees, including the actual purchase price of the horse, which would be required for the syndicate to acquire the horse. To make money? So, if you’re in it to enjoy good times, let’s move along shall we? Partnerships can vary depending on their structure. Syndicators, trainers, vets and whoever else need to get paid for their services. As for making money or owning a champion racehorse, most have gone broke trying. If you get a fast one, enjoy it! You can now lodge and complete a range of ownership forms without the need for paper forms via Racing Australia's myhorseracing.horse portal, the new home for Thoroughbred Racehorse Owners. 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