How It Works

A racing syndicate where two or more people pool together their money to purchase shares in a single racehorse. Syndicate members also make a financial contribution to training fees, travelling costs and veterinary care. With Old Gold Racing, all these costs are covered in a single, one-off payment for the year, with no hidden charges.

No, Old Gold Racing is a racing syndicate management business, meaning that it facilitates co-ownership of racehorses. A racing club involves some of the perks of ownership, without its members actually owning any of the horses. Old Gold Racing does however share more characteristics with racing clubs than most of its competitors. We provide a consistent stream of high quality content including interviews with jockeys, trainers and stablehands, as well as exclusive on and off course events.

At the end of the syndicate term, members will be asked to renew their membership at, or just before, the end of the term. The amount charged will be less than the original fee as it will not include the initial cost of the horse. Should less than 51% of members of the syndicate choose not to renew by the end of term date, the horse will be sent to the sales and the proceeds split up among syndicate members (less any sales fees). In the event that more than 51% choose to renew, but less than 100%, the Company agrees to find buyers of the outstanding shares at a price of its choosing.

Yes. It is customary for the jockey and trainer to take 10% of the prize money won. After that, Old Gold Racing distributes ALL of the remaining prize money equally among syndicate members, depending on the number of shares they own. Prize money is distributed to owners' wallets in their MyStables accounts where it can either be withdrawn or used for future purchases.