syndicates

A new licence for racehorse syndicators and racing club managers, which aims to further strengthen the regulation of shared ownership, was introduced on Thursday by the British Horseracing Authority (BHA). The licence will apply to anyone wishing to manage a syndicate or racing club that advertises publicly or that they are paid to administer. This includes licensed trainers who run their own syndicate or racing club. Its introduction follows a period of engagement with stakeholders, including an industry-wide consultation, to ensure that the regulation keeps pace with the increasing appeal...

Most key statistics for the Irish Thoroughbred racing and breeding industry showed significant gains when compared to the pre-pandemic year of 2019, as the full-year statistics were released by Horse Racing Ireland (HRI) on Thursday. In the areas of ownership (+17.1%, 4,757), horses-in-training (10,208, +14.1% on 2019), Tote betting (total Tote betting rose +18.3%), and bloodstock sales (€215.4m, +30.3% on 2019 and +17.8% on 2021), figures are well over 2019's. Owner retention rate is now 72.8%, with the number of syndicates increasing for the fourth consecutive year to 825 (+3.4%...

Right now within TDN's Top 12 rankings for the GI Kentucky Derby, seven horses are owned by multiple-entity partnerships. One syndicate maxes out at 10 individual owners, another at eight. If the horses from those larger partnerships (or other syndicates-there are plenty of them and they are growing in number worldwide) make it into the Derby field, they won't have to worry about getting the satisfaction and distinction of seeing their names in print as owners. But that's only because as a courtesy, Churchill Downs takes the extra step of...

Following a nationwide poll, interest in horse racing in Ireland has increased, Horse Racing Ireland announced on Wednesday. A poll of over 1,000 people, conducted by the Red C research company between Feb. 8-Feb. 15, aimed at understanding the adult population's attitudes toward horse racing. The results are as follows: In 2021, 39% of the population have an interest in horse racing versus 23% last year A total of 85% of racing fans are missing attending race meetings 19% of racing fans plan to attend more race meetings than previously...

Sam Hoskins, an owner, breeder, syndicate manager and ROA board member, gives us his view of how the reduced prize-money will impact racing in Britain From where we were back in the spring, to get racing back on was an incredible achievement and obviously everyone understood then that prize-money was going to be hit. Horsemen accepted that up to the point when it became clear that, despite media rights flowing, there was going to be largely no executive contribution from the majority of racecourses. The call for transparency over media...

A consultation into the regulation of shared ownership was launched by the British Horseracing Authority on Thursday. The purpose of the evaluation is to identify the current risks and opportunities of shared owner ship and how these can be addressed to promote growth and consumer confidence in syndicates and racing clubs. This consultation was one of the nine key goals for British racing's recover plan published last week. Key areas of interest are: Current registration structures can best support evolving ownership models; Prospective owners can make well informed decisions about...