Terms & Conditions.

How will it work?

• Our goal is make an informed, value driven buy(s) at the 2020 Breeze Up to take advantage of the reduced prices and highest ever quality of animal available.

• The horse(s) to be resold during 2020 as soon as possible and in any event, unreserved at the 2020 Horse-in-training sales at the conclusion of the season with the overall aim of achieving the best resale value possible.

• Your horse(s) will also of course benefit from the leading Syndicates.Racing ownership experience - you’ll receive video updates, professional management, constant communication and we will strive to bring you closer to the game then any other syndicate. While social distance measures are currently in place, once lifted you will also be fully eligible for owners tickets. You also will receive your full pro-rata share of prize money.

• Each unit of investment will be €350 which will give a pro-rata share in the syndicate upon the final unit declaration. No individual may have more then 20 investment units. Investment is payable in two parts - first by refundable deposit to secure your share below and then payment of the balance seven days subsequent to purchase of our first horse. Failure to pay the balance within seven days after purchase of our horse will see your deposit forfeited.

• Subsequent to paying your deposit, you will receive access to our Bargain Breezer WhatsApp group. We will use this group to develop our shortlist and assess purchasing decisions. Shareholders are asked to keep the contents of the WhatsApp group confidential.

• Our indicative budget of €35,000 per horse is as follows - c. €20,000 purchase price, c. €2,600 VAT on purchase price, c. €1,000 transportation, c. €1,300 sale house commission, c. €1,300 agent’s commission, c. €5,000 racing related costs (entries, registration, riding fees etc.), €1,000 reduced Syndicates.Racing management fee and a contingency balance of €2,800 (refundable in the event not utilised) (the “Indicative budget”).

• Trainers will be asked to take an equity share in lieu of training fees to align incentives to maximise resale value (the “Trainer Deal”). Syndicates.Racing will also be incentivised by reducing their management costs in return for receiving 7.5% of resale value.

• Owing to overwhelming demand, a revised number of 200 units will be made available initially. This may allow the purchase of a second horse once we have passed 100 units. In the event a final number of units sold is between 100 and 200 we will adjust the budget accordingly and decide in consultation with investors whether to buy one horse or two horses in line with the Indicative Budget. A further allocation of units may be done in consultation with existing investors. We feel a second horse could reduce risk and potentially increase dividend allocation.

• As the exact structure of the Trainer Deal and the price paid for the horse is unknown, a budget will be presented to shareholders which must be approved by a majority of investors and must be in keeping with the Indicative Budget.

• Horses will not be insured, but may be insured at a later date in consultation with investors.

• Dividends to investors to be paid at the conclusion of the 2020 flat season.

• The final unit declaration shall take place 7 days subsequent to our final purchase, subsequent to this there will be no further investors.

• Subject to the above, standard Syndicates.Racing terms and conditions will apply (available here) and of course, horse racing is a high risk sport with no certainty of return.