FAQ

Below are some frequently asked questions. If your question is not covered here or anywhere else on the site please reach out my email, phone or text.

Syndicate Management Reassurance

Emris Racing are members of the RSA (The Racehorse Syndicates Association), which is recognised by the BHA (British Horseracing Authority), ROA (Racehorse Owners Association) and NTF (National Trainers Federation). Membership is subject to the acceptance of the Association's Conditions of Membership and the BHA's Code of Conduct for Syndicates. We are aligned and compliant with the BHA’s rules on Syndication Management.
How do I know my share is confirmed?

When you have completed and returned the share agreement and made the first keep payment you will receive a share confirmation letter by email.
When will I receive the welcome pack?

The Welcome pack will be sent out by post 14 days after your share has been confirmed. Please allow an extra few days for delivery.
What if i complete the share agreement but change my mind?

If you complete the share agreement you can change your mind with written notice within 14 days and and your initial keep payment will be fully refunded.
Are the horses insured?

Yes, all horses will be insured against all risks of mortality (ARM), As part of the lease agreement with the owner, and on behalf of the owner.
How do I make the monthly keep fee payment?

We reccomend you set up a direct debit/standing order for the 1st of every month. You can also manually pay each month by bank transfer. Bank details are provided on receipt of the completed share agreement. Please include your initials and the horses "Stable Name" as the reference.
Do I pay VAT?

No, payments to Emris Racing don't include VAT. Emris Racing cover any VAT payments on behalf of members and then reclaim it if applicable. This is one of the ways we are able to offer excellent value for money.
Can I have the winners prizes?

Yes. Following any win there will be an auction where you can bid on the winning prize with 100% of proceeds from the auction going to the Injured Jockey Fund. The syndicate manager oversees the auction and arranges delivery of the prize. 'Pattern race' trophies are assigned at the discretion of the syndicate manager (some of these are perpetual and have to be given back to the racecourse.)
What if I can no longer make the monthly payments?

Number 1 rule here is do not panic. You can terminate your lease share with 31 days notice without prejudice. You will still receive any prize money won up to the date your share is terminated and Emris racing will look to offer the share to a new or existing member. You will be welcome to rejoin any of our other syndicates or the syndicate you left (subject to share availability).
What if the horse never runs?

We aknowledge that this is a risk, not every foal born makes the track. With our "school" system we believe this gives them the best chance. We also aknowledge that accidents can happen that prevent young horses from making it to the track, this is one reason we insure all of our horses. If this event does happen we will look to re-place your share in another horse, If we do not have any available we will look to purchase another horse and you will be given 3 months free fees. You can choose not to continue with a different horse and 3 months of fees will be refunded if you have held your share for over 1 calendar year.
Do you charge a management fee?

Yes, all syndicates do. The management fee is included in the monthly keep fee, a breakdown of this is available on request.