Horse racing is ever-evolving. Racetrack upgrades, increasing prize money, the introduction of invitational races, and a continual rise of syndications prominence.
Australians have a love for horse racing and it has never been easier to become a racehorse owner.
You no longer have the burden of finding a racehorse and paying for all the training bills as an individual. You no longer have to create your own syndicate to make it financially viable. With the click of a button, you can race with a syndication and meet like-minded people.
It’s a huge thrill for an owner to witness their racing colours gallop down the straight and into the winner’s enclosure. As racing has evolved, we have seen a continual increase of syndication colours gracing the winner’s stall of Australia’s most prominent races.
You can’t help but feel this is a huge win for racing. The appeal of racing with a syndication has seen rapid diversity in the ownership ranks.
In the 2020/21 season, 87,426 individuals owned a horse who raced, with the total number of syndicate members in 2020/21 season being 46,254. With 3,569 of those being under 25, which has increased considerably over the last decade, as only 2,871 being under 25 in the 2011/2012 season.
We look at how syndications were successful over the biggest few weeks of Spring Racing in Victoria and New South Wales.
Proven Thoroughbreds have enjoyed a purple patch this spring, with their iconic lime green and black silks have been prominent in the lucrative sprint and staying events. Private Eye won the Group 2 Gilgai stakes up the Flemington straight before returning to Sydney to win the Nature Strip stakes in style. Joe Pride also trained Stockman for the Jamie Walter lead group taking out the listed St Leger Stakes to book his place in the Melbourne Cup.
Jamie has a keen eye for bloodstock. He purchased Stockman for NZ$175,000, with the gelding repaying his investment by accumulating over $1.5m in prize money thus far in his career.
Australian Bloodstock’s clients will mostly likely still be celebrating from their Melbourne Cup triumph with the Ciaron Maher and David Eustace trained Gold Trip. Jamie Lovett and Luke Murrell have quite the knack of sourcing international horses suitable for Australia. It’s worth noting this isn’t this syndication’s first Melbourne Cup success. Eight years prior the German bred Protectionist secured Australia’s iconic Cup for Australian Bloodstock and was the first German horse to do so. Gold Trip was purchased privately by Australian bloodstock as a tried horse.
The Triple Crown team will be immensely proud of Mazu. The son of Maurice was winless this preparation, but the gelding was gallant in defeat when competing in some of Sydney’s toughest sprint races. Mazu ran third in an Everest before a close second in the Nature Strip stakes behind the up-and-comer Private Eye. In fact, he was so consistent that he secured his connections the $2.5m bonus when winning the Sportsbet Sydney Sprint Series. Mazu was purchased for $180,000 by the Ward brothers at the 2020 Inglis Classic sale expression of interest advertised the very same day.
The New Zealand based syndication Go Racing enjoyed Group 2 success when winning the Matriarch stakes at Flemington on Champions day.
The Chris Waller trained 5 year old mare Atishu (Savabeel) took out the 2000m event under James McDonald, capping off a historic carnival for the Kiwi rider.
A new syndication celebrated their first Group win with Krabarib winning the Group 3 Maribyrnong Plate on Melbourne Cup Day. Established less than two years ago, the syndication has already secured their first black-type win.
The Ribchester colt was purchased out the paddock for $30,000 from Spendthrift, and has won over 3x his purchase price. If all goes well, Krabarib could potentially line up in the Group 1 Blue Diamond Stakes at Caulfield.
Dynamic Syndication’s connections were heard roaring the stand down on Melbourne Cup Day, when Love Tap saluted in the Subzero handicap. It was only fitting considering Love Tap’s trainer partnership was once involved with Subzero himself. Dynamic are regulars in the winner’s enclosure on Cup Day, this was their third win on Melbourne Cup Day in past five years.
The ATB silks were again in the winners enclosure over the Spring Carnival with the lightly raced 4 year old Detonator Jack. The son of Jakkalberry won the BM90 for Ciaron Maher and David Eustace on Melbourne Cup day. His sire, Jakkalberry himself ran third in the 2012 Melbourne Cup behind Green Moon.
Detonator Jack concluded his 3 year old season in May by finishing 3rd in the South Australian Derby.
Prime Thoroughbreds kicked off Caulfield Cup Day with a win when Quang Tri won the Tile Importer Trophy worth $150,000. Joe O’Neill established Prime Thoroughbreds win 1977, he is a prominent figure around both the sales ring and the racetrack. He has selected horses such as Rubisaki who have adorned the blue, white, and red silks of Prime Thoroughbreds.
Highclere Australia have not only been influential in the Northern Hemisphere, they have enjoyed notable successes in Australia recently. Ever since Harry Herbert visited Australia during Cup week in 2003, he has been fascinated with our racing.
Their Carnival investments have paid off with Durston winning the Caulfield Cup for Chris Waller and Bartholomeu Dias securing the Furphy Plate for Annabel Neasham. Highclere Australia have ownership opportunities in stables such as Chris Waller, Annabel Neasham, Matt Cumani and Ciaron Maher & David Eustace.
Recapping the results on Melbourne Cup Day, five out of the ten winners on the card were syndication owned. The ability to have multiple shares in a multitude of horses trained in different states can only be attractive to a wider racing public. It’s no longer the sport for just Kings and Queens, it welcomes a diversity of enthusiasts who share the passion to become involved. Thanks to the rise of syndication every 1 in 254 people is a racehorse owner in Australia and currently, there are 72 races offering prize money of $1m or more.
How can Stridyl help you find your next racehorse?
We are now under 60 days until Christmas which means, the first yearling sale will commence in under 80 days. This time of the year may not slow down for the racing industry, but for many, it can be an opportunity to welcome new owners into a stable, race their 2-year-olds purchased in 2022 and present the next generation of yearlings for sale.
But a growing pressure for trainers and syndications is the lack of resources to reach and connect with interested owners to present their shares. So, we have developed a solution.
We are now in the final development stages of the Stridyl marketplace. An easy-to-navigate tool where potential owners can search, compare and contact those presenting shares for sale.
We have developed the marketplace to be a lead generator by connecting our rapidly growing audiences to our trusted trainers and licensed syndicators, to become racehorse owners.
The marketplace is simply realestate.com but for the horse racing industry in Australia.