What is the duration of the Syndicate?
The duration of a Syndicate is essentially open-ended. A decision to retire or sell the horse is made once Members have been consulted, the options clearly outlined, and a seventy-five per cent consensus amongst Members has been reached. Proceeds of any sale are distributed to Members once all Syndicate expenses have been paid and all Members have paid any outstanding monthly fees. Members two month bonds are also refunded at this time. On occasion, although a decision has been made to retire a horse, it may be decided to retain the horse for breeding purposes, keeping the Syndicate or Partnership intact. In such a situation, new monthly fees will be calculated and Members advised accordingly.
