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owners receive a bill to show what’s going on with their horse, but (hey don’t actually pay anything until the account is dry. Then any purse money won goes directly into the account.”
The Newbury Racehorse Owners Group, an English syndicate of 100 people, is similar. For the price of $1,000 per year, members get one percent of a horse, and the price includes training fees, silks, rider fees, regular veterinarian fees, farrier work, entries, shipping and insurance. All prize money is divided equally, and like Fenwick’s syndicates, owners can elect at the end of each season whether or not to keep the horse in training.
“I find a lot of my owners want to take the horse themselves after it is done racing,” Fenwick said. “Or
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