We're all winners
Country Life UK|August 30, 2023
Triumph and disappointment are always better shared, as are expenses, and multiple ownership is on the rise in racing. Marcus Armytage examines the pleasures and pitfalls of syndicate-owned racehorses
Marcus Armytage
We're all winners

SYNDICATION as a form of racehorse ownership hit the headlines in April when Corach Rambler, owned by an eclectic bunch of seven Scots, including a 21-year-old business student from Heriot-Watt University in Edin- burgh, won the Grand National. Cameron Sword, whose interest in racing developed during covid to alleviate the boredom, had paid less than £4,000 for his share on trainer Lucinda Russell’s recommendation—wonderfully undersold, as it turned out—that the slow-burning point-to-pointer would be a ‘good starter horse’. He became the youngest winning owner in the race’s history.

Corach Rambler originally cost £17,000, so none of the ‘Ramblers’ have had to dip into their pockets for training fees yet. On top of £500,000 for the National, the Irish-bred gelding has also won the Ultima Chase twice at the Cheltenham Festival and, looking ahead, he should not look out of place in next March’s Gold Cup.

Syndicates, as a form of ownership, have really only been in operation since the mid 1980s, when it was rare to ride for anyone other than a sole owner. However, I do remember riding an old chaser called Dargai (named after a regimental battle honour at which four Victoria Crosses were awarded), owned by a group of then-middle-aged ex-army officers. They were informally organised by former Gurkha Maj John Urquhart and the horse was usually ridden by Lt-Col Bobby Faulkner, a Grand Military race veteran.

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