Stride, a new syndicate platform for buying and selling shares in elite-level racehorses, was launched on Tuesday. Stride will purchase unraced yearlings and 2-year-old breeze-up horses in a price bracket from €25,000-€150,000 and will sell shares in syndicates of between two and six horses. The intention is to sell within 12 months of purchase and profits returned to owners.
Cillian Barry and Eugene Cosgrove, founders of SportCaller, are the Chairman and Head of Product, respectively, while veteran COO Donal Browne will handle the day-to-day business operations for a venture whose horses will initially be placed with trainer Joseph O'Brien. Stride's CEO is former Munster and Leicester rugby star Johne Murphy, who has operated Rugby & Racing and Thoroughbred Racing Syndicates, the latter also attached to the O'Brien yard.
Murphy said, “Stride is more than a responsive platform for buying and selling shares in elite-level racehorses. It's also a way for racing to reconnect, engage and retain its most vital stakeholders: passionate owners who support the sport through times good and bad. Our fractional ownership model readily articulates the merits over micro-ownership and its associated cautionary tales, and enables our members to choose a portfolio of racehorses that elevates enjoyment and mitigates downside at a challenging economic time across most sectors. Investors can now research, buy, manage, and watch their stable of syndicated Thoroughbreds at a fraction traditional ownership spends, with zero hidden costs or clawbacks. The price you pay for your share in the syndicate is the sole fee you'll ever be asked for.”
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