Illinois Horse or Stallion Syndication Agreement

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State:
Multi-State
Control #:
US-00039DR
Format:
Word; 
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Description

Stallion syndications are contractual agreements where multiple parties combine their financial resources to purchase a stallion for breeding purposes. Each contributor or "owner" owns a "fractional interest" in the stallion, typically entitling them to one breeding right per breeding season. The farm or individual syndicating the stallion will generally retain multiple fractional interests. The arrangement provides for lowered costs and a more diverse breeding for the stallion.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement

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FAQ

As the builder of Meadow Stud, he left behind hefty estate taxes. His family decided to pay the bill by selling Secretariat to a breeding syndicate that would assume ownership at the end of the horse's racing days. The price tag was a then-record $6.08 million.

The World's Ten Best SiresGalileo. Galileo. One of the greatest stallions ever to stand in Europe, Galileo has stamped himself as a worthy heir to his sire, Sadler's Wells.Deep Impact. Deep Impact.Street Cry. Street Cry.Fastnet Rock. Fastnet Rock.War Front. War Front.Dansili. Dansili.Dubawi. Dubawi.Oasis Dream. Oasis Dream.More items...

The most expensive American horse is Tapit, who charges a $300,000 fee to stud and makes nearly $12.6 million in an average year.

He sired 663 foals, including 341 winners and 54 that won stakes races, but his ability as a stallion is still criticized. Secretariat was a very good sire, but he wasn't the magical sire that people wanted him to be, says Ed Bowen, president of the Kentucky-based Grayson-Jockey Club Research Foundation.

1: First Down Dash, $89,707,366. Inducted into the American Quarter Horse Hall of Fame in 2011, First Down Dash is arguably the greatest race sire of all time. From 31 crops to race, First Down Dash has sired 1,462 winners, which includes 258 stakes winners.

Owners pay top dollar to ensure they are getting horses from a lineage of proven winners. Since 2014, Tapit has held the title of the nation's leading sire, meaning that the stallion's progeny have earned the most on the track every year for the previous three years.

In June 2020, Galileo sired his 85th Group 1 winner, breaking Danehill's world record and becoming the most successful source of Group I winners in thoroughbred history. In addition to his Derby winners, his notable offspring include Frankel, Nathaniel, Found, Churchill and Minding.

The most expensive American horse is Tapit, who charges a $300,000 fee to stud and makes nearly $12.6 million in an average year. American Pharoah, the most recent Triple Crown winner, also has a private fee, but many believe the price is over $200,000.

Secretariat was sold to a breeding syndicate for a then-record $6.08 million. Then there was Secretariat at the 1973 Belmont Stakes. He carried a lot more than jockey Ron Turcotte when he went to the gate a 1-to-10 favorite. He had the weight of Secretariat Mania on his back.

Citing trying times for breeders, Darley America announced reduced 2021 stud fees for most of its stallions, topped by Medaglia d'Oro , whose fee dropped from $200,000 to $150,000. The only Darley America sire to see an increase in price is first-crop stallion Nyquist , whose fee will rise from $40,000 to $75,000.

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Illinois Horse or Stallion Syndication Agreement