Do horse racing syndicates make money?
Syndicates make money if their horse wins or gets placed in a race, or if it is sold on in the future either for more racing or breeding.
How do horse racing syndicates work?
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. For example, five people decide to form a group to purchase 5% in a racehorse. Each member owns 1% of the horse and also 1% of the horse’s upkeep during its career.
What does it mean when a race horse is syndicated?
If you’re wondering what a horse racing syndicate is and how it works, you’re on the right page. It’s a group of like-minded individuals who all own a share or multiple shares in one or more. racehorses. Racehorse shares are paid for on a yearly basis, with the option of renewal once the. syndicate year is over.
How much should I invest in a racehorse?
It’s common for owners to pay an initial purchase price of between £10,000 and £20,000 or more for a thoroughbred in the UK. Of course, the purchase is only the start of your investment. Annual costs for training, horse insurance, registration, and race entry and transport all soon add up.
How do racing syndicates make money?
A Syndicator makes their money by putting a margin on the shares or charging an on-going management fee. This occurs when they sell the shares and this information must be declared within their Product Disclosure Statement (PDS). By being transparent they ensure integrity.
How much does it cost to own a share in a racehorse?
If you owned a 5% share, your cost would be about $175 per month on average. A 2.5% share would average around $88 per month. Upkeep costs for a young horse in the education phase of its career would be about $33,000 pa. At this stage of the horse’s development, a 5% share would cost about $137 per month on average.
Are horse racing syndicates worth it?
Horse racing syndicates are actually often more affordable than buying a horse outright. This is because you don’t have to pay for the complete upkeep of the horse yourself. Many owners will also tell you that the price you pay for a share in a racing horse is well worth the perks.
What is New Zealand thoroughbred racing?
Thoroughbred racing with the associated aspects such as horse breeding, training and care, race betting, race-day management and entertainment has gradually developed into an industry worth billions of dollars. The governing body is the New Zealand Thoroughbred Racing Incorporated.
What is the governing body of horse racing in NZ?
The racing of Thoroughbred horses is a popular sport in New Zealand. The governing body is New Zealand Thoroughbred Racing Incorporated. The principal racing club, the Auckland Racing Club, races at Ellerslie Racecourse (where the first totalisator machine in the world was installed in 1913, see Sir George Julius ).
What is the price of a social racing syndicate?
Currently all Social Racing syndicate are fully subscribed. New syndicates and shares in existing syndicates will be available in 2022. Price: 5% share =$11,138, and $250/month ongoing expenses. 1% share=$2,228, and $50/month ongoing expenses.
Who are some famous people in New Zealand thoroughbred racing?
Over 2500 wins worldwide, including the Telegraph Handicap (3x), W.S. Cox Plate (2x), Brisbane Cup and Adelaide Cup. Married Sue Day, the first New Zealand woman to win a race against male jockeys. For further prominent people in New Zealand thoroughbred racing, see the list of honorees of the New Zealand Racing Hall of Fame .