Why not take things a step further and join a horse racing syndicate if you find yourself absorbed in the trackside romance of horse racing as a punter on race day? A horse racing syndicate permits up to 20 persons to share ownership of a racehorse at a fraction of the standard price. Shares in a horse are often divided into 5 or 10% shares, with your share entitling you to a range of amenities, social gatherings, bragging rights among your friends and coworkers, and, of course, a piece of the prize money.
How Can You Become a Member of a Horse Racing Syndicate?
If you want to be a part of a horse racing syndicate, Racing Stables is a great place to start. Racing horse shares start at $1,100 a share, with the majority of the horses syndicated into 5% shares. Following the initial share purchase payment, there is a predetermined monthly syndicate charge that covers the expense of properly training and caring for your horse. The real cost per shareholder is substantially lower than if you owned the horse entirely since the overall costs are shared. You may get 100 percent of the pleasure for only 5% of the price. Racehorse Syndications Have Many Advantages. Aside from the joy of seeing your horse perform on race day, owning a racehorse has its rewards and benefits.
Take pleasure in your social standing and functions
On race day, horse ownership and social standing go hand in hand, allowing you to rub shoulders with the who’s who of horse racing. Get dressed up or frocked up to experience the glitz and glamour of the trackside environment, attend frequent social events on and off the racecourse, and be swept up in the thrill of owning a racehorse.
The Racehorse’s Naming Rights
You have the chance to name the horse as a member of a new racing syndicate. Famous racehorses’ names, such as Winx, Pharlap, and Makybe Diva, are prohibited, as are derogatory names and the names of any horses who have raced in the last 15 years. So put your thinking caps on, be creative, and come up with a smart name for your racehorse — wouldn’t it be amazing to hear the race caller congratulate it on its victory on race day?
Colleagues, family, or friends can split the cost
A juvenile racehorse may cost anything from $10,000 to several million dollars! With annual upkeep and maintenance costs ranging from $40,000 to $60,000, that’s a lot of money for just one person to spend. Joining a racing syndicate is a considerably more cost-effective option to buy a racehorse, since it may cost as little as $1,100 up front, with a weekly fee of roughly $50 for a 5% stake.
Benefits of Attending an Event
As a member of a racing Horse syndicates Queensland, you’ll get free admission to most race tracks for you and a friend, as well as invites to different social events throughout the year where you may meet other syndicate members. Racing Stables is the best way to become involved with the thrill and excitement of professional horse racing as an established and experienced horse racing syndicate. Joining the syndicate is a simple procedure, and once you’re a member of our racing family, you’ll see why so many individuals pick Racing Stables as their racing syndicate of choice.
