Boost the thrill with syn­di­cate

Matamata Chronicle - - Matamata Breeders’ Stakes - ABBY BROWN

Own­ing a share in a race­horse is the best way to en­joy the thrill of rac­ing, Rochelle Richard­son from Richard­son Rac­ing Sta­bles said.

She should know as 99 per cent of the horses at her and her hus­band’s sta­bles are owned by syn­di­cates.

She said the big­gest ben­e­fit was that, by hav­ing as lit­tle as a 1 per cent stake in a race­horse, which could have been bought for $20,000 so would only cost a part-owner $200 plus monthly costs, was the so­cial as­pect.

‘‘You meet a lot of peo­ple through syn­di­cates. We run func­tions for our horse syn­di­cates and of­ten through the friend­ships formed there the syn­di­cates buy into more horses,’’ she said. The sta­ble had a very pop­u­lar bat­tle of the sexes in 2014, where 100 men and 100 women joined syn­di­cates around a horse. ‘‘That took off on so­cial me­dia. Hus­bands and wives were on op­po­site teams so it was quite fun.’’

The big risk was get­ting in­volved with a non-reg­is­tered syn­di­ca­tor. She ad­vised any­one look­ing at get­ting in­volved in a syn­di­cate to ap­proach a reg­is­tered syn­di­ca­tor or trainer first. Through those peo­ple the par­town­ers will be kept up­dated on the horse. Any­one in­ter­ested can con­tact Gra­ham Richard­son on 021 2899333 or email richard­son­rac­ing@xtra.co.nz.

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