Syndicates, subscriptions and Club membership
A new syndicate is formed for the purchase of each horse and members of the syndicate pay a lump sum covering their share of the purchase price and the first year’s training costs. Typically, there are about twenty syndicate members. Club members have priority, when a new syndicate is offered. Those joining a syndicate for the first time also join the Club, for which a modest annual fee is payable, to cover the costs of running the Club’s administration, communications etc. Members, whose syndicate has been wound up, may remain in the Club and it is hoped that they will join another syndicate in due course.
Horses are, generally, purchased in the spring/summer and raced through the following winter, between September and May. If a horse’s performance is encouraging, he may be kept in training beyond the initial season, in which case a further subscription is payable to cover training and other costs. This has happened a few times, with horses even being retained for a third season.
An annual account of each Syndicate is sent to members and presented at the AGM, held around the end of the National Hunt season immediately before the end of season Club dinner. When a horse is sold, the syndicate is wound up and the balance of funds, comprising prize money, sale proceeds and any balance from subscriptions are distributed to club members.
Horse Purchase & Training
Using their wide network of contacts, Mick Fitzgerald and his Ireland-based friend and colleague Shane Donohoe identify and inspect promising young horses, refined them to a short list, from which acquisitions are made, mainly privately but sometimes at auction too, during the first half of the year.
The horses are sent to Philip Hobbs, the Club’s main trainer, in time to prepare and get them fit to race in the Autumn/early Winter. The Club’s managers liaise closely with Philip regarding each horse’s progress and the strategy and racing campaign to be pursued. Currently all of the Club’s horses are trained by Philip Hobbs, but we have used other trainers in the past and are open to doing so in the future.
The Club’s horses are sent to Mick’s wife, Chloe when they are out of training and at other times when they might beneftr from a little R&R.
Stable visits and attendance at stable Open Days are organised for syndicate members before the horses run and during the winter
Races & Communication
Communication with syndicate members is primarily through this web site and email. Mick’s blog will keep members updated on the progress of the syndicate horses and his views and ideas about the current National Hunt season generally.
When the horses run, owners badges are available for syndicate members and, where possible, hospitality arrangements at the course are arranged.