Dec 18, 2017 -- 11:21AM, truehoncho wrote:
Hi Neil, I think the point is if syndicates were run well then many more could afford real ownership. There is far too little being done by the powers that be to promote and govern syndicates. There should be no problem in this day and age having a fixed financial commitment and genuine share of rewards (if there are any). I think there should be a system where syndicates are rated (i.e 1 star, 2 star etc) that represents the type and security of syndicate being offered. For example a 5 star syndicate is a single payment (or agreed payment through the season) for a horse that will run and be sold at the end of the season come what may. At the end of the year syndicates can be rated on how well (financially or otherwise) they did. What is so hard about that? the whole industry is geared around how much money is made (owners, horses, stallions, pinhookers...the list is endless) so why not syndicates. I'll tell you why (an opinion) most people running them are running them for themselves.
Great idea, would help hugely.