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Frequently Asked Questions

It’s common to have questions about racehorse syndication, particularly if you’re new to the sport. We’ve compiled a few of the most popular queries so that you have ready access to the answers.

Please feel welcome to contact us with any further questions you might have.

What is racehorse syndication?

Racehorse syndication involves establishing a racing partnership where more than one person is involved in the ownership of a horse. Owners may hold shares of varying size in the horse.

Syndication is a popular way to own a racehorse because it reduces your costs and the selection, administration and communication is managed for you.

Only approved promoters operating under national ASIC regulations can legally advertise and sell shares in racehorses. Adrenaline Thoroughbreds is an approved promoter with Racing Queensland and operates as an authorised representative (ARN 456200) under Australian Financial Services Licence (AFSL) no. 288 213.


How much does it cost to buy a share in a racehorse?

The beauty of thoroughbred syndication is that there are options to fit every budget.

At Adrenaline Thoroughbreds, we generally offer shares ranging in size from 2.5% with purchase prices starting at $2,000.

Purchase prices for Australian thoroughbreds are extremely variable. We seek out the middle ground (usually $30-$75K) to remain affordable for our owners without compromising on breeding, type and racing potential. While a cut-price purchase may look attractive at the outset, we caution against compromising your standards at this point because even the cheapest racehorse costs the same to educate and train.

The purchase price for our horses includes all expenses for up to 6 months from the point of advertising the shares for sale (and as set out in detail in the PDS). This includes breaking in, spelling and early education for your horse. For most horses, the purchase price also includes nomination fees for lucrative race series’ including the Magic Millions, Golden Slipper and QTIS bonus scheme.

See our current racehorse Shares for Sale for full details on horses available and contact us to discuss your options.

What are the ongoing costs?

In our experience, the unpredictability of ongoing costs has been a barrier to owning racehorses. When you are billed directly by a trainer, the expenses for your horse vary significantly based on whether your horse is racing, training, pre-training or spelling. Typically, training costs are five times greater than the expenses when your horse is spelling. Many sellers provide an estimate of monthly costs but as an owner, the actual variability is hard to manage over time.

People want to know what it costs to own a racehorse. We've taken the guesswork out of racehorse ownership with a fixed monthly rate based on share size. Current rates are $350 per month for a 10% share, $175 per month for a 5% share, $87.50 per month for a 2.5% share and $35 per month for a 1% share.

For our horses with Rob Heathcote, the fees are $380 per month for a 10% share, $190 per month for a 5% share, $95 per month for a 2.5% share

Owners pay in advance on the first day of the month.

What is included in the flat monthly rate?

Our flat monthly rate includes general training expenses and routine extras. Our rates have been developed in consultation with our trainers and include:

  • Training, pre-training and agistment fees
  • Stable rent and utilities
  • Horse feed
  • Shoeing
  • Repair and maintenance of tack
  • Waste management
  • Vitamin supplements
  • Worming
  • Routine dentistry
  • Chiropractor (including twice per month when in training)
  • Transport of your horse within South-East Queensland
  • Race nominations and scratching for all non-feature races
  • Veterinary bills up to the total value of $3,000 (incl. GST) per annum

Adrenaline Thoroughbreds manage the administration tasks associated with racehorse ownership, including compliance and registrations through Racing Queensland and the payment of invoices (including from trainers, spelling farms and industry bodies). We also provide comprehensive communication services to our owners. We do not charge an additional monthly management fee for this – it is built into the flat rate.

Expenses that are not covered in the monthly rate include:

  • Veterinary bills in excess of $3,000 (incl. GST) per annum
  • Race nominations and scratchings for feature races
  • Transport of your horse outside South-East Queensland and costs to the Training and Management team for racing outside South-East Queensland.

Where costs are incurred for feature races or racing outside South-East Queensland, you can generally count yourself lucky – it means your horse is competing for bigger spoils further afield!

How will I know what is happening with my horse?

As a racehorse owner with Adrenaline Thoroughbreds, you receive:

  • Regular and comprehensive training updates from the Adrenaline management team.
  • Weekly audio updates from trainer Tony Gollan when your horse is in training.
  • Notification of race nominations and acceptances.
  • Post-race performance appraisals including feedback from the jockeys and trainers.
  • Photos and videos of your horse in training, racing and spelling.

What owner privileges do I receive on Race Day?

When your horse is racing, you will be provided with:

  • Admission to the racecourse (for yourself and a partner)
  • Admission to the Members Reserve (for yourself and a partner)
  • Admission to the Mounting Enclosure for the race in which your horse is running

The Brisbane Racing Club (BRC) makes these privileges available to a maximum of 20 people per syndicate.  Mounting Enclosure entry can be restricted by race clubs and stewards.

At Adrenaline we are very committed to ensuring all owners receive an exciting raceday experience, including access to raceday privileges, regardless of share size.

What about prizemoney?

Australia is third only to the United States and Japan in the amount of prizemoney distributed annually from thoroughbred horse racing.

At Adrenaline Thoroughbreds, we take no fees from prizemoney won by your horse. It’s distributed pro rata based on the size of the share you own.

In accordance with Australian racing regulations, the trainer receives 10 per cent of prizemoney and the jockey receives 5 per cent.

How do I buy a share in a racehorse?

See our current racehorse Shares for Sale for full details on horses available and contact us to discuss your options. Inspections are always welcome and we invite all prospective owners to get to know the Adrenaline team.

1. Enquire now. One of our management team will contact you to discuss your options (including horses and share sizes available).

2. Our Ownership Pack (including Product Disclosure Statement) will be sent to you by our industry body, the TTSC (in compliance with national ASIC regulations).

3. Complete the required paperwork and lodge forms and payment with the TTSC. (This is an integrity measure – the TTSC holds your money in trust until the horse is fully subscribed and if all shares are not sold within 6 months, you will be fully refunded).

4. You are now a proud racehorse owner! Communication updates about your horse’s progress start as soon as you’ve subscribed.

Can I buy a share with a group of friends?

You can purchase a share in an Adrenaline Thoroughbred as a group of friends or family (subject to industry terms). This is a great way to further reduce costs and bring everyone along for the ride.

Contact us to find out more about group ownership options in our Adrenaline racehorses.

Will my name appear in the racebook?

In accordance with Australian racing regulations, owners who have a share of 5 per cent or more are named in the racebook (or race program) when their horse is running.

Can I visit my horse?

You are more than welcome to visit your horse. We encourage you to experience an early morning trackwork session at Eagle Farm Racecourse and watch your horse from the grandstand. Please contact us to make arrangements.

Adrenaline Thoroughbreds also organises periodic social events (visits to the spelling farm, visits to the pre-training complex, BBQ breakfast at the stables) where you can see your horse and meet other owners.

What happens when my horse has finished racing?

We are committed to securing a satisfying life after racing for all of our horses. Thoroughbreds are a versatile breed and with good education, an Adrenaline racehorse can become a successful equestrian horse or personal pet.

Many horses have residual value when their racing career is over. Female horses (fillies and mares) can become broodmares and a successful colt may generate income at stud. Decisions in relation to the retirement of your horse will be made in consultation with all owners.