FAQS
Racehorses For Syndication FAQs
I want to buy a share in a racehorse. How does it work?
Once you have contacted us regarding purchasing a share, an informational email will be emailed to you containing application form, information on the horse of interest and a product disclosure statement. This information is approved by Racing NSW before it is offered to potential and existing clients. If you choose to purchase a share of the horse after reviewing the terms and conditions, simply send back the application form and the process of ownership begins. If you require more information or need assistance, just contact our office and we will assist you.
How much does it cost in maintaining a share in a racehorse?
We suggest you budget an average of $50-$60 per week as a guide for a 5% share upkeep of the horse.
When the horse is spelling in the paddock, costs will be much lower than when the horse is in full work, as there are extra costs involved when the horse is at the stable while in full work with special race feed, extra vet care, trial nominations, race nominations and acceptances etc.
We will try and provide you and your horse the most cost-effective result without compromising the efforts of your horse.
Shares smaller or larger than 5% suggestion as quoted, simply use the 5% formula for an average cost on the share percentage you wish to obtain.
Upkeep works out to be about $50 per week. What does this cover?
This covers spelling, pre-training, training, trial & race nominations, plus getting your horse to the races. As a guide it works out to be $50 – $60 per week on average over the course of a year. Despite this, it does not include nomination fees for those quality Group, Listed and Stakes races, and we certainly hope this is a problem we meet along the journey of your horses’ race career!
To be fortunate enough to be in these races means considerable prize money and indicates that your horse has ability. All is discussed with the owners and the trainer prior to such decisions are made.
Is capri racing & syndications licensed to sell racehorse shares?
Yes. Capri Racing & Syndications Pty Ltd is an approved syndicator and promoter of Racing NSW.
Authorised Representative Licence # 1259368
What am I entitled to as an owner?
You are entitled to submit a race name for the horse and have an input on the naming of your horse. You will be updated with the horses’ movements, schedules, etc while spelling, pre-training and while in full training. Owner privileges include race day entry, member’s tickets, mounting yard access and listen to final instructions from trainer to jockey, and jockey report after the race.
How am I billed?
All invoices are paid by Capri Racing & Syndications P/L from (our suppliers) trainers, agistment farm, transport, veterinary etc monthly.
You will then be on a monthly cycle be invoiced by Capri Racing & Syndication P/L with all the costings from our suppliers on one invoice. This makes it much neater having all costs for the month on one invoice than receiving many invoices throughout the month from all the suppliers.
There are NO mark ups from us on the invoices received from our suppliers.
All invoices from our suppliers will and are transparent to you as an owner.
What is included in the initial share price? How do I know what I am paying for?
Cost such as breaking in & education, vet inspections, insurance and Inglis or Magic Millions race nominations are calculated into the advertised price. All this is outlined in the product disclosure statement (PDS) provided in detail.
What correspondence do I receive regarding my horse?
Owners receive email updates constantly on the progress of your horse. These updates will include photos, video footage and audio reports on your horse which are designed to keep you updated as to the horses’ progress and movements. When your horse is at the stage of trialling or racing, field nominations, pre-race, and post-race comments from the jockey on your horse are forwarded to you.
How does Capri Racing & Syndications select their horses?
The physical appearance and a good pedigree page play a vital part in our selection of yearlings. The horse should be athletic, free moving and must be able to handle and present themselves well during sales time. Horses that we consider are those that pass our pre-sale vet exam and present clean x-rays and scope well. It’s teamwork between our trainers and vet on all possible purchases.
My expectations during my racehorse ownership would be?
The ultimate would be to have the next champion in racing.
The best expectation is to be realistic. The beauty of horse racing ownership is the enjoyment of watching your own horse race. Whether it be at Royal Randwick, down the straight of Flemington or any other track the excitement and thrill of winning any race is always indented in your memory. With ownership comes connections with owners and in many cases, friendship are formed for many years ahead.
Does Capri Racing & Syndications retain any prize money?
NO … All prize money is distributed to the owners accordingly from the racing authorities. We do not handle prize money.
Does my name appear in the race book?
Yes. If you own an interest of 5% or greater, then your name will appear in the race book as an individual owner, and therefore entitles you to full owner privileges. In some cases, less percentage owners could have the opportunity in appearing in the Race book.
What risks are involved?
While we Capri Racing & Syndications wish that your horse has a lengthy and successful career, it is possible that your horse may obtain an injury and/or requires a certain period of recovery time due to injury. It is also possible for horses to break down and never race again. We Capri Racing & Syndications take out insurance for the first 12 months (death/mortality and theft) and encourage that each owner commit to the insurance after that period.
Can we inspect the horse if we are interested in purchasing a share?
Definitely. Contact us and we can arrange a suitable inspection time for you.
What if I want to sell my share later?
Yes. If you come into a situation where you need to sell your share due to personal circumstances, then we can help you in doing so.
What happens once the horse’s racing career is over?
This will also be discussed amongst the owners as to what happens to the horse. Most horses have residual value once their racing career is over. A Fillies that goes to stud can be valuable if they have had a good solid racing career. If your horse was to remain a colt and have a successful racing career, then he may be in demand from the stud farms. This can prove to be exceptionally rewarding for owners of the colt. Monies from the sale are distributed according to the share amount owned minus associated cost.
Why Capri Racing & Syndications?
Although we can not provide that crystal ball and predict the future, we can honestly say that we will endeavour to provide you the best experience possibly through the ability of the horse and our communications. We are and always will be a boutique syndicator where our stable will be about quality and not quantity. A family run business that treats you like family.