The sport of kings today is accessible to ordinary mortals allowing them to co-own top-quality racing horses with extremely affordable micro-investments. Without losing anything of the charms of being part of the competitive equine universe. Racing clubs are multiplying, and the era of micro-shares is here. The emotion of participating in these noble competitions is also available thanks to horse racing betting sites 2021, but now you can make the experience even more immersive. While syndications have been around for more than half a century, they still require a relatively deep pocket, in the order of several thousand pounds of dollars. Racing clubs, on the other hand, offer shares that can be as low as $50.
Let’s take a step back in history, to 1969, when the president of Dogwood Stable, W. Cothran, launched the first public partnership to co-own for a horse named Social Arrest. In the following years, the initiative expanded and recruited 1200 co-owners who invested more than $100 million in pedigreed horses, also dubbed “bloodstock.” Among them, there have been more than 70 stakes winners who competed in 10 Triple Crown races. By 2011, they were earning a median purse of $150.000.
The expansion of the syndicate model brought abundant and much-needed fresh blood into horseracing. It also opened up a world that appeared very secretive and arcane to a multitude of very willing investors. In times when attendance of the racecourses was shrinking and a crisis was looming, this injection of new actors meant a new leash of life for the whole sector. A quarter of a century ago, perhaps 20 percent of horses were owned by syndicates. Today the estimate is that they account for no less than 50-60 percent, though precise data is not really available since thoroughbred racing is very decentralized.
Horses syndicates have very varied entry levels. Some allow buying a share for as little as $1,000, though a more serious investment to get at least 10-15 percent ownership of a quality horse will not be below $10,000. A yearling will be even more expensive, in the range of at least $15,000. Still, for champions whose full price runs in the hundreds of thousand dollars, these are great deals. Sometimes the financial return, what with earned prizes and breeding rights, can be extremely rewarding.
Nevertheless, “what you are buying is a lifestyle”, say the ones who have joined the movement. The next step, the appearance of micro-shares, was a logical consequence. Today the racing clubs offering this opportunity have thousands of members. And their horses are co-owned by hundreds and thousands of fans. They get a number of perks in return for their membership. The best part is obviously all that creates a real-life experience for members, from visits to the stables to enjoying the races from the box and accessing the winner’s circle when their horse wins a race.
Check out what a racing club offers, if you are planning to join one. Each of them has a specific list of the rights acquired, together with a share of ownership, when subscribing. The best ones make the most of the social aspect of crowd-ownership and organize social events to bind co-owners with a team spirit. Cheerleading for your champion at the racecourse is more fun with friends!