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

Philadelphia Pennsylvania Horse or Stallion Syndication Agreement

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

Category:

Animals - Horses

State:

Multi-State

County:

Philadelphia

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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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.

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.

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.

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.

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.

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).

Secretariat had more than 650 registered foals when he died, the last group born in 1990. Today, there are two living Secretariat offspring: 34-year-old Border Run and 33-year-old Trusted Company, both of whom celebrated birthdays on Jan. 1, reports Thoroughbred Racing Commentary.

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The essentials for any horse breeding lease agreement – what both mare and stallion owners should look for in a breeding contract. At Philadelphia, Pocono.The stakes are this high in a deal though. Stallion. DOB: 23 October 2002. His hopes perished in a late-afternoon barn fire Feb. 23 that killed 22 horses in training at Mike O'Farrell's Ocala Stud in Florida. From left: Diane Lane, Nelsan Ellis, Otto Thorwarth, and John Malkovich are shown in a scene from, "Secretariat. Driver Brian Sears agreed, stating, "He was a very good gaited horse that carried his speed a long way. (March 7th) Hoist The Gold will make his next start on Wednesday, March 9th in the 7th race at the Fair Grounds.

Philadelphia Pennsylvania Horse or Stallion Syndication Agreement

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