Are horse 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.

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Horse or Stallion Syndication Agreement

Broward Florida Horse or Stallion Syndication Agreement

Name: Broward Florida Horse or Stallion Syndication Agreement
Brand: US Legal Forms
Rating: 4.69 (249 reviews)

Category:

Animals - Horses

State:

Multi-State

County:

Broward

Control #:

US-00039DR

Format:

Instant download

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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How to fill out Broward Florida Horse Or Stallion Syndication Agreement?

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FAQ

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.

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 syndication? In a horse ownership syndication, a group of people comes together to purchase ownership in a promising horse for a professional event rider. The ownership not only covers the actual cost to buy the horse, but also the annual costs needed to maintain the horse.

Typically, a share in a stallion syndicate entitles the share owner certain breeding rights to the stallion; principally, the right to breed to the stallion without paying stud fees. Modern stallion syndicates offer more options.

Many people choose horse racing syndicates because they work out more cost-effective than owning horses outright. In some cases, you may be able to make stable visits to see your horse up close! Some of the biggest and most celebrated prize winners have come from syndicate ownership and stables.

Horse syndication is now the most common way for new owners to get involved in racehorse ownership. A licensed syndicator will sell shares in horses they own, with individuals buying different portions of that horse (2.5%, 5%, or 10% shares being the most popular).

A 100% syndicated horse at $120,000 means you're up for $6,000 for a 5% share. This equates to $1,200 for each member of a 5% syndicate group. Yearly costs will vary between $40,000 and $60,000 depending on where the horse is based and where it races.

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Interim Executive Director, Bladerunners: National Horse Racing Commis- sion Movement . Vengeance of Rain, gave thumbs up after drawing post four and trainer David Ferraris was in agreement.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. Heather Vitale caught up with Nancy Takter in New Jersey to talk about the babies she is conditioning this winter.

Also, David Ferraris, owner of Stag and Breed, talked to Heather about why a new facility for horse training was needed. David also talked about the importance of training trainers of all sizes and ages and the necessity for more equine programs in the areas of mental and physical well-being. David will be visiting New Jersey at a future date. Taker was also very pleased with her show horse's performance, but there was one area they would like to work on. In order to make the most from a horse, a good way to make money is for the veterinarian to prescribe medicines to increase fat content of the feed. Taker believes that horses are used to being fed a little fatty stuff. The weight gain is not a problem for Taker until she is working with a horse that will be fed a lot of calories. Once the horse begins to pack so much fat on the feed, however, the weight gain goes beyond the ability of the feed to handle.

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Broward Florida Horse or Stallion Syndication Agreement

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