Horse Syndicates

In equestrian sports, “part ownership” is the usual reference to a shared ownership arrangement, but reference to “syndicate” is gaining traction, especially in jumping and eventing circles.  Syndicates are common and long standing in Thoroughbred racing, so it is inevitable that the equestrian industry will adopt “syndicates” in reference to these arrangements. There are several…

Part Ownership of Horses

It is an unfortunate fact that the expense of keeping a horse scares many horse enthusiasts away from involvement in equestrian sports and activities.  If you don’t own land on which to keep a horse, then agistment, feed and care costs can range from $10,000 to $30,000 per year depending on the nature and demands…

Gear Check for Joint Ownership Arrangements

Two 2 elite riders have recently contacted me about problems with their respective owners/backers, wanting to know where they personally stood as regards horses in their stables. Alas, neither had a document containing the terms of their original agreement.  Not even a contemporaneous record, such as an email which would corroborate their version of the…

Shared ownership of a horse

Increasingly individuals are pooling their money to buy an elite performance horse or buying shares in a horse already owned by someone like a breeder or trainer who wants to commercialise its value.  The nature of the relationship between the owners is important for legal and taxation reasons. A ‘Partnership’ is defined by the Partnership…