Can you make money from a horse syndicate?

Some people may gamble on horses, but there's even more money to be made and lost by investing in your own. And it is still a gamble. 'People don't come into a syndicate to make money,' says Herbert. 'You can make money; maybe you pick a horse so good that someone offers an enormous sum of money for it.

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

Middlesex Massachusetts Horse or Stallion Syndication Agreement

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

Category:

Animals - Horses

State:

Multi-State

County:

Middlesex

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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FAQ

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.

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.

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.

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.

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.

Some people may gamble on horses, but there's even more money to be made and lost by investing in your own. And it is still a gamble. 'People don't come into a syndicate to make money,' says Herbert. 'You can make money; maybe you pick a horse so good that someone offers an enormous sum of money for it.

Syndicates are a form of shared ownership where the Syndicate members own, or lease, an interest in racehorses. A Syndicate is managed and administered by the Syndicator(s) and only the syndicator(s) must register as a Sole/Company owner. It isn't necessary for members of the Syndicate to register as owners.

Horse syndication involves the process of selling shares in a racehorse such that ownership of the horse is split between two or more part-owners.

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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And at the time of the sale: (i) that each consigned horse is correctly described in the. Regulation, or both, will be published in the Virginia Register.

Middlesex Massachusetts Horse or Stallion Syndication Agreement

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What does horse syndication mean?

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Can you make money from a horse syndicate?

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