A syndicate is a great way of getting involved in racehorse ownership, allowing a group of friends, family or colleagues to enjoy the thrill of racehorse ownership together. The syndicate model allows for a minimum of five members with a maximum of twenty. With such a number of people involved in one particular horse, it greatly reduces the cost per member of having a horse in training.
Members will nominate an agent, who will manage the syndicate and be the sole person who will detail with Horse Racing Ireland and their racehorse trainer. This avoids confusion and multiple calls from different members asking the same questions. Once registered, a syndicate account will be opened with Horse Racing Ireland and this will act as a holding account where all debits (costs of running) and credits (prize-money) will be handled. The syndicate will race under a name (to be approved by HRI) e.g. High Hopes Syndicate, that is no longer than 40 characters including spaces and includes the word “syndicate”. Syndicates can have more than one horse in training, with different members nominated to each horse. A separate registration form must be completed for each horse owned by the syndicate.
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