Once upon a time it used to be an exclusive club that got to race a horse and get their name in the race book on race day, but now just a 5% share will see your name up in lights as an owner, well in the race book anyway, with up to 20 owners being allowed.
So how do you get involved in Racehorse Syndication?
First you need a horse. Horse racing shares can be as little as $1000 or less for a 10% share or as much as $10,000 or more, depending on the breeding of the horse in question.
A very well bred horse might fetch upwards of $5000-$10,000 a share while bargain buys may be around $1,000-$5000 a share.
Once you decide on an amount that you are willing to spend, then you can work out what to do next.
If you can afford a 5% or 10% share then you can use the following guide to associated ongoing costs.
How much does Racehorse Syndication cost?
For our guide we will use a 10% share as an example.
The yearly cost to train, race & maintain a racehorse is around $30,000 to $35,000, therefore a 10% share equates to around $3000-$3500 each year on average.
Weekly costs would set you back approximately $60-$70 per week for a 10% share, with a 5% share in the $30-$35 per week range.
Of course, if a 5% or 10% share and ongoing costs are out of your price range, then racehorse syndication is the perfect way to become a racehorse owner, because they make owning a racehorse very affordable!
How do I set up a Racehorse Syndicate?
The cost to set up a horse racing syndicate is $275 and you can use any name that is not registered, or is not offending in any way.
Let's say you and 4 friends want to get together to buy a racehorse and have all agreed on a 10% share in a lovely Fastnet Rock filly that has a $5,000 asking price for a 10% share.
Each of you would own a 2% share in the horse and be responsible for purchase & ongoing costs.
Doing the maths, each of you would be up for an initial $1000 each for the share and $55 each to set up your horse racing syndicate.
Your weekly costs would be in the vicinity of $15 a week each (app $60 per month) for a 2% share.
So who are the best racehorse syndicators?
With that in mind, let's take a quick look at Darren Dance & Australian Thoroughbred Bloodstock to find out why leading feature race website Horse Racing Info highly recommend them for racehorse syndication.
Australian Thoroughbred Bloodstock, or ATB as they are often referred to, are owned by the husband & wife team of Darren & Liz Dance, who have been syndicating racehorses since 1997, after spending many years successfully racing horses around Australia, including the dual Group one winning Mookta, who won the Oakleigh Plate & Newmarket Handicap.
Darren & Liz love horse racing and they keep a 10% share in every horse they race with you, plus they spell all of their horses at their Manningtree Park complex in central Victoria at minimal cost to their owners.
Better still, they do not charge any admin fees, which means you only pay for what you should, education, training & spelling of the racehorse.
What you see is what you get with Darren & Liz and they are very flexible, being able to cater to any budget.
ATB trainers are some of the best in the country and you could be racing a horse with leading trainers such as Peter Moody, Darren Weir, Robert Smerdon, Chris Waller, Jarrod Mclean, Mark Kavanagh, Matthew Williams and more.
Fancy owning a Melbourne Cup runner and being in the mounting yard at Flemington on the first Tuesday in November?
Australian Thoroughbred Bloodstock gave many of their owners the thrill of a lifetime in the 2012 Melbourne Cup with three runners, Jakkalberry, Tac De Boistron & Unusual Suspect.
Jakkalberry stormed home to run 3rd in the Melbourne Cup, winning $450,000 for his owners.
Start racing the ATB way and it could be you in the mounting yard at Flemington on Melbourne Cup day!