What are the ongoing training costs involved ?
In the event that the syndicator does not charge a management fee and all bills are sent from each supplier, you are going to be looking at a cost of approximately $30,000 per year. Therefore a 10% share is around $300-350 per month. Typically, such costs are comprised of: • Training fees (metro. trainer approx.$60 – $100 per day per horse) • Spelling fees – when your horse needs a break (approx. $20 – $30 per day per horse) • Pre – Training fees – Improvement of fitness before heading to the trainer (approx. $40 – $60 per day per horse) • Vet fees – as needed to ensure the well- being of your horse (fees vary according to need) • Transport charges • Dental/Chiro charges • Track fees • Shoeing fees • Nomination and acceptance fees • Administration Management fees • Insurance fees (see Insurance) By electing to race in a syndicate, you are sharing the above costs according to your percentage of ownership as well as the prizemoney, etc.
