What is Syndication?
Horse ownership syndication is when a group of people come together to purchase shares in a promising horse for a professional event rider. These shares not only cover the actual cost to buy the horse, but the annual costs needed to maintain the horse. For example, if you are joining a horse ownership syndication that offers 10 shares, then you and 9 other people will own that event horse and help maintain the costs of your event horse on an annual basis. The good news is that all of these costs are usually predetermined, and syndications come in many affordable price ranges!
What Does Syndication Cost?
Because you share costs with your fellow syndicate horse owners, the cost is a fraction of the amount that owning the horse would be on your own. The shared costs for owning and maintaining an event horse can vary greatly. In some cases, riders already own talented and successful horses but do not have the financial means to continue to campaign them. In these cases, some riders may opt to sell a portion of their horse in exchange for annual maintenance support—enabling them to continue with training and competing. You can join a syndicate already in progress or you can gather a group to purchase a syndicate together. For example, maybe a group of friends from your barn want to form a syndicate group.
This is the one-time amount you pay to purchase your share of the horse.
This is the annual cost you contribute to keep your horse training and competing. The Annual Maintenance cost helps cover yearly lessons and training, competition entry costs, monthly boarding, shoeing, equipment, tack, veterinary care, insurance, trailering, and shipping to international destinations. This cost will vary based on the competition level of the horse and rider, but generally range from $20,000 to $40,000 annually. This cost is split equally among the syndication members—(it would cost a syndicate member $2,000 a year for a horse requiring a $20,000 annual maintenance fee split among 10 owners).