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Forming a syndicate is an easier way to own a share in a racehorse where your partners can be your friends, relatives or family. Get assistance from http://www.portelliracing.com.au/
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Buying a racehorse • For most of the wealthy people, buying and training a racehorse remains a dream. • Some people find it impossible because it requires full-time attention and a cash injection. • It is one of the most lavish businesses in the entertainment and sporting industry of Australia.
How much it costs? • It can cost as much as 50,000 Australian Dollars just to avail proper horse training. • Moreover the vet charges, instructor fees and maintenance etc. might take a heavy toll on the wallet. • Phew! That’s a lot of money.
This is the main reason why a growing number of investors are buying racehorses through syndicates. • Allowing them to share the cost and any winnings.
Forming a syndicate is an easier way to own a share in a racehorse where your partners can be your friends, relatives or family. • Usually 20 individuals are registered for racehorse syndications as per the rules of racing.
Several Types: • A Group of people that wish to race a horse together as a syndicate. The number of group members must be between 2 and 20 • A Company, which should be registered under the Australian Rules of Racing
Several Types…Continued • A Firm, which can be any individual or any number of individuals • A Stud, who is basically a person involved in horse breeding under Australian Rules of Racing
Horse racing is perhaps the favourite sport of kings and royals. • Properly bred horses and an effective training display the strength, speed and guts. • This is why it is embedded in Australia’s psyche.
Good horses are worth a lot of money, so make the best of it and enjoy every moment of sporting entertainment..!
Meet Australian leading racehorse syndication company Portelli Racing Address:7 Manning Street Warwick Farm 2170 Phone:(612) 9601 8612 Website:http://portelliracing.com.au Facebook:https://www.facebook.com/portelliracing Twitter: https://twitter.com/GaryPortelli