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By BETSY BRANSCOME
Times Community Newspapers Staff Writer
Two friends. A half dozen business associates. Hundreds of racing fans sharing a common interest.
Racehorse syndication can include any number of the above partnerships. Whatever the arrangement, the general purpose remains the same: to pool funds and increase buying power. When buying power goes up, quality control increases and risk is spread. Consequently, profit potential expands, loo.
“It used to be that syndication was only done with breeding stallions.” attorney James H. Falk Sr. explained at a winter Virginia Steeplechase Association syndication seminar. “But it has become common practice with flat horses and is getting more and more popular with steeplechasers, too. Any type of joint ownership can increase buying power and spread the risk a little. In general, horse racing shouldn't be looked at as a profit-making activity, but with
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