What is a racing syndicate?

A racing syndicate is defined as a group of individuals who share ownership of a racehorse. This structure allows multiple people to pool their resources and invest in a racehorse together, making the ownership experience more accessible and affordable. By sharing the ownership, members of the syndicate can enjoy the thrill of racing without bearing the full financial burden on their own. Additionally, syndicates often provide a way for individuals to enter the sport who might otherwise not have the opportunity to own a racehorse individually. This collective ownership can also facilitate better management and professional training of the horse, as syndicates are often formed around an experienced trainer or organization. Through this arrangement, syndicate members also share in the risks and rewards associated with racing, such as the potential for winning prizes and accruing breeding rights.