Frequently Asked Questions
Racehorse syndication FAQ
Why chose Vardy Thoroughbreds?
Do you want to have fun, get value for money and enjoy a great social horse racing experience?
At Vardy Thoroughbreds, we specialise in racehorse syndication. We want to provide you with memorable experiences, first and foremost through racing, but we will also provide open and honest communication.
We aim to have monthly BBQ’s at our trainer’s stables, sponsored race days, and various social events throughout the year.
What is racehorse syndication?
Racehorse syndication is a fantastic way to buy a racehorse for a fraction of the cost. All horse shares are sold on a 5% basis, therefore your cost will always be 5% of any expenses.
Can i buy more than one horse share?
Yes, of course! You may chose to buy multiple shares in as many of our horses as you like. Many owners like to have a share in more than one horse because the major benefit is that while one horse is in the paddock, the other could be out at the track earning you prize money!
How will I be updated on my horse's progress?
Communication is paramount! Vardy Thoroughbreds update you at least once a week with videos or photos and voicemails from your trainer via email. When your horse is in full work you will constantly be updated, sometimes three times per week. When your horse is spelling, we make regular visits to the farm for photos and videos.
Who will be my horse's trainer?
Vardy Thoroughbreds work with two fantastic trainers:
Nathan Doyle is an up-and-coming trainer based in Newcastle with a team of 30 horses in work. Nathan’s journey began in his home town, Muswellbrook, before being offered a position in Sydney.
Nathan worked closely with some of the world’s greatest racing names, including 5 years with champion trainers Mark Newnham and Peter & Paul Snowden.
In 2019, Doyle Racing was founded by Nathan and partner Melina Gissing in Scone, NSW. After early success, Nathan has seen the stable grow and made the decision to expand his capabilities even further in Newcastle. Melina started at a young age, working with highly regarded trainers Bart Cummings and Gai Waterhouse.
“I don’t second guess myself. I’m happy with the decisions we make, when we take a horse to the races, you know they’ve done everything you can to get them the win.”
Marc Quinn’s trade began under his father, the late Pat Quinn of Rosehill. Marc is very passionate about training and thrives on challenges. He prides himself on the transformation of many horses, bringing them back to winning form.
Marc’s natural ability saw him broaden his skills in Ireland, with world-renowned trainer, Dermot Weld. Returning to Australia, Marc worked with legendary trainers Peter Snowden and Wayne Hawkes of Crown Lodge fame.
Marc has a hands-on approach, giving maximum attention and the highest level of care to all horses under his management.
Where will my horse spell?
Paringa Stud is in Gresford, NSW. Reggie and Beau Blundell own and operate this purpose-built thoroughbred farm in the Allyn Valley on the banks of the Paterson River. Paringa Park Stud specialises in spelling, agistment, stock handling and growing out.
Reggie spent 22 years working for and managing stud farms such as Torryburn and Vinery, and is utilising those skills to give the horses under her care the best treatment available.
How is the prize money distributed?
Prize money is distributed and paid directly by all relevant Racing Authorities as follows:
- Trainer 10%
- Jockey 5%
- Strapper 2%
- Owners 83%
Can we vote on the name of the horse?
Yes! All owners are able to nominate a name(s) for their horse. All collected names will then be voted on via a points system.
Please note, most tried horses are generally named before we buy them.
What’s included in the share price?
The share price includes costs that are incurred in the buying process. All costs are clearly outlined in the Product Disclosure Statement (PDS).
Most of the costs are as follows:
- Purchase price of the horse
- Bonus schemes for race series
- Sale day costs
- Floating (transport)
- Vet check
- Registration fees
- Breaking in
The PDS provides all associated costs.
How much are the fees and how are they invoiced?
Vardy Thoroughbreds charges a management fee of $40 per month per share.
Training fees will be charged directly by the trainer. The fees charged by the trainer will include, but not limited to, training, farrier, trial/track fees, chiropractor, floating.
On average, for a 5% share, the cost should average out at approximately $50 per week.
All accounts and fees will be invoiced on a monthly basis.
When your horse is at its peak in training, the bills will be higher, but when they’re out spelling in the paddock the bills will of course be lower.
Fees and approximate costings are outlined in the PDS.
Will my name be in the racebook?
Racing NSW allows up to 20 owners (5% share) to have their name in the racebook and enjoy full race day facilities, including free entry, racebook, and entry to the members area. You also have access to the mounting yard for your nominated race!
Can I come and inspect the horse?
Yes, we encourage it! Our trainer is very accessible, however, we do encourage you to make contact with Vardy Thoroughbreds first so we can make the appropriate arrangements.
What happens to my horse when it finishes racing?
If your horse is a filly or mare, there is a good chance she can go on to be a broodmare.
If your horse is a colt or stallion and he has performed remarkably well on the track, once again there’s every chance he could go on to a career at stud.
If your horse is a gelding, he is more than likely to be re-homed and re-trained to have a career as an equestrian horse or a hack.