Pennsylvania Horse or Stallion Syndication Agreement

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State:
Multi-State
Control #:
US-00039DR
Format:
Word; 
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Description

Stallion syndications are contractual agreements where multiple parties combine their financial resources to purchase a stallion for breeding purposes. Each contributor or "owner" owns a "fractional interest" in the stallion, typically entitling them to one breeding right per breeding season. The farm or individual syndicating the stallion will generally retain multiple fractional interests. The arrangement provides for lowered costs and a more diverse breeding for the stallion.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement
  • Preview Horse or Stallion Syndication Agreement

How to fill out Horse Or Stallion Syndication Agreement?

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FAQ

If you're wondering what a horse racing syndicate is and how it works, you're on the right page. It's a group of like-minded individuals who all own a share or multiple shares in one or more. racehorses. Racehorse shares are paid for on a yearly basis, with the option of renewal once the. syndicate year is over.

What is syndication? In a horse ownership syndication, a group of people comes together to purchase ownership in a promising horse for a professional event rider. The ownership not only covers the actual cost to buy the horse, but also the annual costs needed to maintain the horse.

In most cases, owners pay an upfront sum plus monthly maintenance fees. Training, racing and veterinary costs add up to about £28,000 a year per horse. Syndicates make money if their horse wins or gets placed in a race, or if it is sold on in the future either for more racing or breeding.

Ownership of a syndicate share entitles the owner to a certain number of annual breedings without having to pay the stud fee. The total annual breedings to the animal are generally limited to those allocated to syndicate owners and certain other designated persons, such as the stud farm where the animal is standing.

Horse syndication involves the process of selling shares in a racehorse such that ownership of the horse is split between two or more part-owners.

Horse racing syndicates are actually often more affordable than buying a horse outright. This is because you don't have to pay for the complete upkeep of the horse yourself. Many owners will also tell you that the price you pay for a share in a racing horse is well worth the perks.

A 100% syndicated horse at $120,000 means you're up for $6,000 for a 5% share. This equates to $1,200 for each member of a 5% syndicate group. Yearly costs will vary between $40,000 and $60,000 depending on where the horse is based and where it races.

Secretariat was syndicated for breeding after he won the Triple Crown, and Chenery, after years of getting ordinary horses from mares she sent to the stallion, sold her lifetime share a couple of years ago. Advertisement. I miss the part about breeding to him every year, she said. It was a financial move.

Horse Racing Syndicates Explained. Horse syndication is now the most common way for new owners to get involved in racehorse ownership. A licensed syndicator will sell shares in horses they own, with individuals buying different portions of that horse (2.5%, 5%, or 10% shares being the most popular).

Horse Racing SyndicatesHorse Racing Syndicates Checklist. Define your Syndicate.Define your Syndicate. The first thing you need to ask yourself is why are you starting a syndicate.Pick your Members wisely.Set up a Management Plan.Ensure Everyone is On Board.Make it Happen.Conclusion.

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Pennsylvania Horse or Stallion Syndication Agreement