Terms & Conditions

For each Syndicate, there are two Membership Types available.
- Stakeholder, where the member will purchase one or more single unit stake in the horse in question.
  - The stakeholder will be able to avail of any sales value in line with their holding at the end of the horses career with the syndicate.
- Leasehold, where the member will lease one or more unit interest in the horse in question.
  - The leaseholder will have no interest in any sale value of the horse at the end of it’s career with the syndicate.
- A horse may be available in either or both Membership Types.
- Investment in one or more units can be measured as follows:
  - For a Group, which represents a selection of horses made available by ‘All For Won Racing’ Club, represents 0.5% of each horse.
    - The Group for 2021 includes:
      - Rock Of Gibraltar x Really Motivated
      - Tamayuz x Finalstar
      - Camacho x C’est Moi
    - More Groups may be made available for investment over time.
- For both types of Syndicate:
  - The minimum available to purchase in any one horse will be one unit and the maximum ten units.
  - Members are of course, free to have an interest in more than one Group.
  - The member will be responsible for funding their unit interest(s) to cover training expenses as laid out by the single unit fee listed against each Group.
  - The cost will be as a single fee to cover the year and is payable as part of the initial, setup and membership process.
    - It is intended that this fee should be sufficient to cover all anticipated costs for a training and racing career in Ireland.
    - In the event that the horse runs outside of Ireland and additional expense is incurred, it will be the responsibility of the syndicate to fund.
  - The payment of the fee for the year will be deemed as acceptance of all terms and conditions.
  - Membership is open to those aged 18 or over.
  - Any person banned or ‘warned off’ by any racing authority may not become a syndicate member.
  - The term of the syndicate is listed as part of the specific conditions against each Syndicate Group.
    - If not stated within the specific conditions, the term will be for one racing year:
      - For flat racing this will be March to October.
    - This can be adjusted by a majority (percentage) membership vote should there be a call to do so which is accepted by the syndicate manager.
  - A syndicate member can cease to become a member at the end of the term, irrespective of the stated term or vote if that were to change the term.
    - Both types of Syndicate member (Leaseholder and Stakeholder) would receive any prize money due for that year at the prescribed due payment date.
    - A Stakeholder would forfeit any sales revenue if they were to cease to remain as part of the Syndicate prior to the end of the term.
Benefits of Syndicate membership are:
- Visits to the training establishment to:
  - watch your horse train
  - discuss with the trainer and staff your horses progress, form, plans etc.
- Ongoing status updates and information on the horses form, progress and racing plan.
- Numbers allowing, ownership privileges to the racecourse and parade ring and of course to watch your horse race!
  - Some racecourses limit the number of free owner passes and in this case, where demand to attend exceeds the available passes, a draw will be held.
  - Draw ticket entry will be in line with each syndicate member’s percentage holding, e.g. 1% : 1 ticket, 5%: 5 tickets and so on.
- Prize money won
- Any trophy won will be available to one of the syndicate members. This will be decided by a draw where the ticket allocation for each investor will be in line with their total holding.
All prize money won by a horse will be distributed to it’s members in line with their percentage holding as follows:
- At the end of the racing year.
- Net of race expenses which are:
  - Entry fees
  - Trainer percentage
  - Jockey percentage
  - Staff expenses/ percentage.
In the event of an offer to purchase a horse before it’s term is due to end with the syndicate:
- All members will be given an opportunity to vote as to whether to accept this offer.
- A financial incentive may be made available to Leaseholders as part of the sale process.
- The percentage majority vote will decide the outcome.
All sales revenue will be distributed to stakeholders in line with their percentage holding net of sale expenses.
- Sale expenses would typically include:
  - Sales company: 5% (where applicable)
  - Bloodstock Agent: 5% (where applicable)
  - ‘All For Won Racing’: 5%
- Revenue will be distributed only when the sale is complete.
All inclusive veterinary fees are subject to a threshold of €2,500.
While every effort shall be made to consult the membership on decisions relating to a horse, it’s trainer, race plans and overall administration, decisions will be made by the Syndicate Manager.
All outstanding payments for racing and training expenses will be addressed prior to the distribution of funds at the end of the Syndicate term.
‘All For Won Racing’ reserves the right to adjust these Terms and Conditions at any time.