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  • How much is ENIGMA membership?
    Annual membership is £79.99 by direct debit, or £84.99 by card / PayPal.
  • Can I buy a syndicate share without being an ENIGMA member?
    No. The ENIGMA syndicate shares are exclusive to members of the ENIGMA forum, which provides a superb horse racing and owners' community. Most new syndicates sell out within a matter of hours. So, to have first choice of all the new arrivals it's a very good idea to become an ENIGMA member in advance of your first share purchase:
  • How are you able to run the syndicates?
    We enjoy a close relationship with some of the UK's most successful racehorse syndicators; primarily Nick Bradley Racing and Middleham Park, who are all very supportive of the scheme. It's proved a great success for all concerned and continues to grow.
  • Is there a monthly payment for training fees?
    The share price includes all training fees for the current season. Thereafter, syndicate members top up the training fees kitty once a year. The amount of upkeep depends on prize money earnings, but typically members pay in from £65 and £105 per share. If the horse is sold or retired during the year, members receive a refund of any unused upkeep.
  • Can I visit the yard?
    You will be invited to several yard visits each year, often with food and refreshments supplied. These are very popular events and a warm welcome awaits! COVID-19 caused visits to be suspended, but we are now back underway.
  • How do I apply for an Owners' & Trainers' badge?
    You just email for badges when your horse is declared. Some badges will be free, others paid for on collection at cost price (the free ones are allocated at random).
  • Am I guaranteed an O&T badge?
    Badge availability varies a lot from course to course and since Covid has become more unpredictable. Generally speaking we receive 1 or 2 free Owners' & Trainers' badges per run with additional badges paid for at cost on collection. The free badges are allocated at random. We do our level best to get everyone in who wishes to attend.
  • How do I receive prize money?
    All owners receive an annual prize money statement. We either transfer funds to you or deduct it from the next annual upkeep bill (whichever makes sense). For very big wins we can request an early statement to enable a quicker pay-out.
  • What happens if a horse is sold?
    As soon as the funds arrive we prepare a final statement and issue this together with your share of the payout. Owning racehorses is a fun enterprise that we do for the thrill of trying to win good races - although it can return a nice lump sum if things go well, it should not be seen as an investment. The entertainment value however, can be off the charts!
  • How long is my commitment?
    The shares are designed to be held for the life of the syndicate. We generally give flat horses 2 seasons to prove themselves, while the jumpers can go on for much longer, provided of course they are worth keeping. If a horse becomes thoroughly exposed and uncompetitive, we look to organise a vote to decide as a group what we want to do. We just use common sense and review things at sensible intervals as we go along.
  • What if I want to stop early?
    Members are obliged to hold their shares for a minimum of 12 months. After that, subject to some common sense exclusions, once a year members who prefer to stop have an opportunity to resign their share and walk away. Some members find this useful when a syndicate continues onwards when personally they would rather not. Typical exclusions might be where a horse has not yet had at least 5 runs, or was always bought as a 2-year project.
  • How do I receive news and updates?
    ENIGMA is a forum-based community. We set up a thread for each syndicate horse where updates, news, entries, declarations, photos and videos are posted. Syndicate members simply subscribe to the thread for their horse to receive an automated email with the details of each new post. Syndicate members can also post to the thread to share photos, news and to add racecourse feedback etc. The system works extremely well, so much so we now have a stake in over 75 horses.
  • Are there any extra costs?
    The upkeep we pay includes all training, vetting and normal costs of racing. The only extras are race entry fees and foreign horse transport (ie when racing outside Great Britain). Typically, these costs are simply paid for out of prize money earnings. Mortality insurance, if arranged, is the only other extra. However, we only insure horses who become very valuable and after a discussion with syndicate members, taking each on its merits.
  • Is there anything else I should know?
    Our affordable share ownership syndicates are so popular we now manage shares in over 75 horses. We have won Gr1 races over both flat and jumps. The ENIGMA forum is a premium quality horse racing forum with over fifty 5-star reviews on Google (just Google 'Enigma Racing'). A very warm welcome awaits.
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