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  • Become an Owner

    Syndicate

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  • What is a Syndicate?

    A syndicate is a group of between 5 – 20 people. Horse(s) will race under the syndicate name and carry the syndicate colours. A copy should be issued to all syndicate members.

    A syndicate has one agent responsible for administration and management.

    All syndicates are required to have a syndicate agreement and code of conduct.

    View our video guidance to find out more

    CONSIDERATIONS

    • How many shares and members will the syndicate have?
    • What is the membership fee and payment structure?
    • How are decisions to be made within the syndicate?
    • The sale and acquisition of horses
    • A Code Of Conduct template can be viewed HERE

    HOW TO REGISTER

    be sure to follow the checklist on the registration form

    • Form H should be completed in full.
    • At this stage the agent provides his/her details, all syndicate member details along with the nominaton of your trainer and racing colours.
    • If more than one horse is being registered to the syndicate an Additional Syndicate Horse Form I must be submitted for each horse.
    • Return all forms with a photocopy of the agents passport/drivers licence that confirms the name, address, date of birth & signature submitted on the form.
    • It takes two working days to open a new account from when all paperwork and funds are lodged correctly.
    • Remember it is HRI policy that a Code of Conduct must be in place and signed by all members.
    • Return completed form and ID to [email protected]

    FEE BREAKDOWN

    Initial Lodgement

    Minimum

    €500

    Authority To Act

    Annual Charge

    -€40

    Colours

    Annual Charge

    -€40

    Syndicate Registration

    Annual Charge

    -€40

    Remaining Working Balance

    €420

    The remaining working balance should generally cover the cost of your first run on the track e.g. entry fees, jockey fee etc.

    BANK ACCOUNT

    The Owner Registration form requests the details of the Syndicate or Agent’s bank account. This bank account is used to transfer funds to and from the Syndicate’s HRI Account. To verify your bank account, the agent must submit a copy of the bank statement header confirming the account name, address and IBAN number.

    HRI OWNER ACCOUNT

    Once registered, the syndicate will have a HRI Owners account opened to facilitate all debits and credits (prize money, entry fees, etc.). The syndicate agent will have access to this account. Access this account online via the RAS System – this is similar to online banking, allowing you to make lodgements, withdrawals and to view statements.

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