Terms & Conditions
Please read the following general terms and conditions, which apply to all syndicates operated by Brownsbarn Thoroughbreds. If you have any questions about the following, speak with George / Thomas – Racing@brownsbarnthoroughbreds.com.
By paying any monthly or annual fee you agree to the following. Each syndicate will be accompanied by their own detailed terms outlined on the description page of each syndicate and will accompany the share certificate sent to each shareholder. Brownsbarn Thoroughbred’s reserve the right to amend these terms and conditions at any time subject to notification of syndicate members.
Buying equity shares in our racehorses are for entertainment purposes. While we are commercially focused and our aim is for our syndicate’s to give owners a return, this is not an investment.
We consult syndicate members on decisions relating to the horse, trainer, jockeys and any other management that arises. But ultimately the decision lies with the syndicate managers (George / Thomas Allen).
All online and offline interactions with syndicate members must be respectful. If we believe any member to be in breach of etiquette we reserve the right to ban members without refund. Syndicate members must be over the age of 18 and must not be warned off racecourses.
All costs are to be paid in full and on time. Any funds not paid will be given a 14-day warning. If account isn’t settled thereafter ownership may be revoked by Brownsbarn Thoroughbreds at the discretion of George Allen/Thomas Allen.
For equity shareholders, any net prizemoney earned (total paid into syndicate account minus HRI/BHA expenses and syndicate commissions) & net sales proceeds (selling price minus selling costs, fees and syndicate commission) are settled once per year at the end of each calendar year.
All race entries (including all forfeit stages) are charged against any earnings or sales proceeds won by your horse.
If for the duration of the syndicate, our horse does not earn enough from prize money or sales proceeds to cover these entries, we absorb the balance and you will not be charged.
Transport costs for overseas races, are charged at cost price which is then deducted out of your share of the prize money that your horse wins. If the horse doesn’t win any prizemoney on the trip we deduct from any sales proceeds.
When buying a share with Brownsbarn Thoroughbreds we welcome you to:
Own and race a horse together with us in our colours.
Equity % on a pro rata basis
Access to race days, stable visits, online and offline meet ups.
Detailed behind the scenes access to analysis and expert insight.
We aim to keep our syndicate numbers as tight as possible so we can accommodate everyone with free tickets on raceday. If this isn’t achievable, we make a draw for tickets. Each owner gets a ticket/share into the draw. But we work hard with racecourses to accommodate everyone so this doesn’t happen. We want all our syndicate members attending the races.
We break each horse into 100 shares. 1 share equates to 1%. We limit the size of an individual shareholding to 25 shares. No owner can share a unit. We love for you to take along friends and family to events and visits, just let us know numbers and don’t be offended when we try to sell them shares!