The Racehorse Syndicates Association represents the majority of the UK͛s largest syndicators and its members own more than 700 horses and have 9,000+ owners. Syndication is one of the few areas of growth in the sport in recent years, and its economic impact is considerable.
Indeed the RSA estimates that for every 1,000 horses being managed by syndicates there is a net annual economic impact of £151m, covering bloodstock purchases, sales house commissions, training and keep fees, betting levy, media rights, racecourse footfall and bookmaker profit. There is no doubt that syndicates matter – never more so than in the uncertain world of the ‘new normal’ after lockdown.
On 7th May, over half of the membership of the RSA took part in a pioneering event a virtual Syndicator Zoom Forum over 90 minutes with a pre-conference telephone briefing, group discussion, online breakout sessions, Q&A and a voting poll. The goal was to tune in to the views of syndicators and systematically gather their recommendations for life after lockdown. It was upbeat, optimistic about the future and full of practical ideas to strengthen ownership and syndication. Each session was facilitated by an RSA Committee member, with detailed notes taken and incorporated into seven clear themes emerging from the Forum