Syndication Advice for the 2021 Sale Season
Horse racing contributes $9.5 billion to the Australian economy. It is a high risk, high reward industry to be involved in.
Racehorse-syndication is one of the most affordable ways for most people to venture in, without the massive financial outlay. Syndication of thoroughbred racehorses for racing purposes is subject to regulation under the Australian Rules of Racing, the Corporations Act and the Horse Finance Scheme.
With 1 in 244 Australians owning a share in a racehorse, syndication’s footprint in the Australian racing industry is the envy of the world. While the superb prize-money on offer has driven demand, it has almost certainly been assisted with the transparency offered to retail customers through regulated syndication.
The appetite for colt-funds and stallion syndication also continues to thrive in popularity. 28 new-season stallions retired to stud in 2020, some providing their owners with a dizzying pay-day upon sale or syndication. VRT Lawyers have first-hand experience in all types of syndications, and can offer advice across a variety of business ventures in the industry.
With Magic Millions Gold Coast Yearling Sale and Inglis Classic Sales showing remarkable resilience in these trying times, syndication looks set to flourish as we continue through the 2021 sale season.
Our Racing and Equine Team are accepting appointments. Meet with one of our experienced solicitors by emailing firstname.lastname@example.org or calling our office on 02 9667 1271.