Have you ever dreamt of owning a racehorse and experiencing the unrivalled winning feeling? While traditional ownership might seem out of reach, horse racing syndicates offer an exciting and accessible alternative. OTI, with over two decades of experience in the global syndication space, can guide you on this exciting journey.
What exactly is a horse racing syndicate? Imagine owning a racehorse, not alone, but alongside other passionate individuals. Syndicates divide ownership into smaller shares, making it much more affordable while still granting you all the perks of being an owner. OTI typically offers 5% or 10% shares, with even smaller 2.5% options available.
So, why choose a syndicate? The benefits are numerous:
- Shared costs, shared rewards: Splitting the expenses among multiple owners makes owning a racehorse much more achievable. And if your horse wins, the prize money is shared too!
- Full ownership experience: Enjoy race day privileges, visit your horse at the stables, receive regular trainer updates, and celebrate victories with loved ones – all the excitement of ownership, minus the hefty price tag.
- The OTI advantage: We go beyond just affordability. OTI offers a premium experience with high-quality communication, transparent accounting (including monthly statements!), and a capped management fee. We’re passionate about equine welfare too, with dedicated programs ensuring your horse’s well-being.
Ready to explore the world of horse racing syndicates? OTI welcomes individuals from all walks of life, whether you’re a seasoned owner or seeking a unique social adventure with friends.
Join us and discover the thrill of owning a racehorse – together.
Understanding Horse Racing Syndicate Costs: Your Guide with OTI
Owning a racehorse sounds exciting, but what about the costs? OTI offers transparency and affordability, so you can focus on the thrill of the race. Here’s what to expect:
Initial Costs:
- Share Price: This covers your portion of the horse’s purchase price.
- Pre-specified Costs: These include expenses like vet inspections and training fees up to a set date.
- Insurance: Your share of insurance coverage until the end of the financial year.
- GST (if applicable): This tax may apply depending on your location.
Ongoing Costs:
- Monthly Training Fee: This varies based on your share percentage and the horse’s training phase. For a 5% share, budget around $250 per month. Remember, prize money can help offset these costs!
- Management Fee: OTI’s fee is $50+GST per owner, per horse. This covers premium services like monthly statements and hassle-free billing (you only receive one bill!). This fee is capped as you own shares in more horses.
Choosing the Right Syndicate:
- Market Focus: Some syndicates specialize in young horses (yearlings), while others focus on proven performers (tried horses). Choose one that aligns with your preferences.
- Billing & Accounting: OTI simplifies things with monthly statements, while others leave you to deal with multiple bills. Consider your preference for convenience.
- Cost Structure: Research different syndicates’ fee structures. Some deduct prize money percentages, while others charge fixed fees regardless of the horse’s activity. OTI passes on costs directly and doesn’t take prize money cuts.
- Equine Welfare: OTI prioritizes horse well-being with dedicated programs. Research each syndicate’s commitment to responsible ownership.
Remember: Explore your options! Syndicates offer diverse experiences. OTI focuses on affordability, transparency, and a premium owner experience.
