Terms & Conditions

TERMS AND CONDITIONS OF MEMBERSHIP

Pimlico Racing is registered as a Racing Syndicate with Weatherbys (GB) and Horse Racing Ireland and is run by bloodstock agent Nathaniel Barnett and management accountant Tom Raine.  To find out more about Nathaniel and Tom, please click here.

Full details for all Pimlico Racing horses can be found online, but please do get in touch if you have any questions, or if you would like a copy of our syndicate agreement.

Owner benefits can be seen below:

1. Stable visits and gallop mornings. These are organised regularly throughout the syndicate term and are free of charge to Members, their family and friends. Visits are hosted and the trainer or appointed representative will be present to update Members on the horses’ progress and answer questions.
2. Racecourse badges. Owners’ badges provided by the racecourse when a Club horse is running will be distributed to Members involved in that horse free of charge.
   • A complimentary badge is guaranteed for all syndicate members, with 2 badges for those with a 20% share.
   • Extra badges will normally be available, at a discounted rate
3. Regular updates. Emails will be sent out at least once a week.  Furthermore, you are welcome to contact Nathaniel or Tom at any time for an update!
4. Prize money. In the event that your horse receives win or place prize money (typically paid to horses finishing in the first four places in a given race), each Member involved in that horse will be entitled to receive a share of this amount, minus all Weatherbys/Horse Racing Ireland deductions and raceday fees.
5. Colours.  The Pimlico Racing horses will run in our syndicate colours (BEIGE, PURPLE sleeves)
6. Training Fees.  The monthly training fee covers all training and keep costs.  Financial statements are sent out every 12 months, detailing all expenditure and the balance is returned to members.
7. Management has the right to cancel a members’ share if payment is missed or delayed by more than two months. No refund is available and the share, including the equity in the horse, will return to Pimlico Racing.
8. If a member no longer wishes to be part of the syndicate and stops paying training fees, we will advertise their share on the Pimlico Racing website on their behalf for one month, but if unsold the share will return to Pimlico Racing.

Where relevant, changes to the terms and conditions herein, shall be submitted to the BHA (British Horseracing Authority) for Code of Best Practice compliance guidance.