They say a horse teaches you everything you need to know about yourself. If you too are truly passionate about horses, you can understand this sentiment. Once you connect with a horse, it’s a bond of a lifetime. Horse riding is a hobby many take up because of their love for horses. But there are some lucky ones who turn this hobby into a lifestyle choice.
Horses are such magnificent animals, that a lot of people desire to own them. The thrill of the race and the spirit of a winning horse elude them. It is difficult to own your own horse. It is much more difficult to own a racehorse. Racehorses are a huge financial commitment, right from buying the horse to the costs of stables, trainers, doctors, food to the insurance. If the breed is pure and has an impressive bloodline, you end up paying more. As owning horse is an expensive affair people turn towards Horse Syndication.
Horse Racing Syndicate gives you a chance to own a racehorse. It is like making a joint investment with a group of people who are as passionate as you are. In this case, the racehorse is your investment and you like many others are investors.
The benefit of a Horse Syndicate is that you alone don’t end up bearing the heavy costs of owning a racehorse. Instead it gets divided amongst a group of owners. Since there are multiple investors, each one has a limited liability.
Professional trainers, racing clubs and ownership clubs are usually the ones who manage Horse Racing Syndicate, and they sell percentage share in the ownership of their racehorses. They charge a set amount for the ownership and in return are allowed access to the horse. The level of access and the amount of commitment that you have to give varies.
You can do your own research before you decide which horse you wish to be an owner of. To decide upon a particular horse, you may want to look at its breed, lineage, type of horse, the age of the horse, the trainer of the horse and if the horse has had any wins in the past. Apart from this you may look at what amount you wish to invest in a horse. Each horse has a set share price and in some horses you may even have to bear additional monthly training fees. Monthly training fees will usually be in proportion to the percentage share you have bought. Just like expenses, even the prize money will be divided in the same proportion.
Owning race horses was considered a hobby of only the royals at one point of time. But with Horses for sale NSW, even you can join this elite club.