Racehorse Syndicates and Coownership

Racehorse Syndicates and Partnerships

Racehorse ownership used to be seen as only for the elite. However, with an increase in popularity of syndicates and partnerships, there are now opportunities for many people to enjoy the excitement of being an owner.


Benefits of Being in a Syndicate

The most obvious benefit of being in a syndicate is being able to share the costs involved. This is a cheaper way of beginning and a chance to become part of a group of like minded people, which in turn can really improve your enjoyment of a day at, say, Cheltenham or Aintree.

Subject to certain requirements, all VAT is recoverable on the costs involved. The team at Jonjo O’Neill Racing will advise on how best to do this.

How it Works

A racehorse syndicate is any form of ownership other than sole ownership. The term is most commonly used to describe a situation where more than one person owns a horse, but also includes company racehorse ownership.

There are various forms of syndication available to suit your level of involvement and commitment. If you are the type of person who likes to have full control, sole ownership may be a better alternative for you.

It is important that you understand the way that your syndicate is structured and what you are liable for in terms of costs. For example, one of the most popular types of syndicate is termed a ‘racing partnership’. In this situation, between two and twenty people are involved in the ownership of a horse. At least two of these must be (or become) registered owners. They are the “nominated partners” and are jointly and severally liable under the Rules of Racing.

Never participate in racing with the expectation that you will make a profit, either from betting or prize money. Instead, look upon the purchase of a share in a racehorse as an exciting interest in a unique sport.

The anticipation involved in horse racing cannot be underestimated. An average racehorse runs a handful of times a season, subject to the many variables each one encounters (e.g. fitness, going, opportunity). Throughout the season, Jonjo O’Neill Racing will keep you fully up to date with your horse’s progress and plans, etc.

On race days, the owners of each horse declared to run are allocated a certain number of complimentary badges, with the opportunity to purchase more at discounted rates. Almost invariably one of the team from Jonjo O’Neill Racing will be in attendance, giving you the chance to meet up, greet your jockey and learn all the plans.

How We Can Help

We have extensive knowledge and experience of buying racehorses and of dealing with syndicates of every type.

Contact us to get more information about our services.

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