SYNDICATE STRUCTURE

We syndicate horses each season in various shares. The horses all race under the name PAT EDDERY RACING in the distinctive emerald green and dark blue silks. However, the owners within each new syndicate collectively decide on the name of their horse. With the quarter share syndicates, the owners also choose their own silks and they run in the names of the four owners.

We are very flexible and can run syndicates for any sized groups, eg three or six people. We also have a number of horses in single ownership.



BUYING THE YEARLINGS

The horses are bought primarily at the major yearling sales, starting at Deauville in August and including Doncaster, Goffs in Ireland and Tattersalls at Newmarket. Pat attends all the sales and works closely with a network of contacts he has built up during 35 years in the saddle to ensure that physically correct horses are bought at the right price.







AT THE RACES

Owners are informed about running plans for their horse at the earliest opportunity and certainly no later than the six-day entry stage. We inform owners in a way that suits them, by e-mail, fax or phone, backed up by our website.

As an owner, you will receive two badges every time the horse runs and one or more of the team at PAT EDDERY RACING will be present at the racecourse to look after you, whether at home or abroad.



BEHIND THE SCENES

We appreciate and understand that for many owners, keeping up-to-date with how their horse is progressing physically and performing on the gallops is almost as important as seeing it on the racecourse. Therefore, you can come up during the week or at the weekend to see your horse work on the gallops.

Owners are kept up-to-date with regular monthly horse reports and on our website is an exclusive Owners’ Area where only you and your fellow owners can find out about the latest news on PAT EDDERY RACING  in general or your horse in particular.








THE COST

For a two year syndicate, two payments are required to become an owner. The first is made on joining and covers the purchase price and all-inclusive training fees for the first season.

The payment varies depending on the purchase price of the horse but it includes the following: purchase price, bloodstock agent’s fee, vetting at the sales, insurance against fatality and all-inclusive training fees for the first season ie. all veterinary, transport, race entries, gallops fees, jockey fees, all BHB and administrative costs. You also receive two owners’ badges per race per owner.

The second payment is made at the end of the first season and covers the second season’s all-inclusive training fees.

VAT is payable on the all-inclusive payment but is recoverable through our sponsorship arrangement in accordance with Jockey Club rules.



RESALE OF BLOODSTOCK

Owners taking a share with PAT EDDERY RACING will undertake the contract on the basis of either one or two seasons’ racing.  However, if in the financial interests of the syndicate owners, a significant offer is made for the horse either privately or through the sales ring, that horse may be sold within the one or two years and all proportionate training fees returned to each owner.

This decision will be made by PAT EDDERY RACING using their expertise and knowledge of the bloodstock market and to the benefit of each syndicate owner.

If a horse is to be kept on as a four-year-old, that decision will depend on the wishes of the owners.  Various options will be available including all the owners staying in the horse or some owners buying out their fellow owners.



THE BENEFITS

• Quality bloodstock purchased at the world's major yearling sales
  
  
• Syndicates limited in size to no more than 12 Owners
  
  
• Horses insured giving peace of mind
  
  
• Owners choose horses’ names
  
  
• All-inclusive training fees covering ALL expenses for one or two seasons
  
  
• Access to the stables to see horses work during the week and at weekends
  
  
• Two free Owner’s badges each time syndicate horse runs
  
  
• Excellent communication with Owners including monthly horse reports
  
  
• Prize money shared equally among Owners
  
  
• Winnings paid throughout the season - not at the end of one or two years
  
  
• Bloodstock sale proceeds shared equally among Owners
  
  
• Exclusive Owners’ Area on website

VISIT THE STABLES

If you would like to know even more about the exclusive benefits of being an owner with one of the legends of the turf, why not arrange a personal visit to Pat Eddery Racing Stables? You will get the opportunity to see behind the scenes of one of the country’s most exciting training establishments and see the horses we have available working on the gallops. There is no obligation and visits are free!

Simply call the Racing Office on 01844 296 153 to arrange your personal tour or contact us for a free information pack.