Vale of Tears

What you get

At the yard

Regular stable visits are arranged for the syndicate throughout the year, and additional visits can be arranged.

Hospitality

Owners and trainers facilities, pre-race paddock access to meet the jockey, post-race debriefs, and an annual owners' day

Keeping in touch

Regular videos, photos and training updates, with owners' communication through a dedicated WhatsApp group

Prize money

Prize money distributed proportionally to owners after deductions

What it costs

Year one, per share

£3,660The upfront plus twelve monthly payments.

A year, per share

£2,660For comparison. The upfront buys a share that lasts beyond year one, so it is spread over an assumed three-year racing life.

Per 1% of the horse

£532The figure that makes offers comparable. A £54 share and a £5,000 share are not alike until you divide by how much of the horse each one buys.

Share size

5%

The horse

What's published

The details we look for in every offer, each counting once. A tick means we've found it on the operator's website or in a document they give every member, or, for RSA membership, on the RSA's own register. "Not found yet" doesn't mean it isn't there.

• –Full written terms not found yet
• –What a further term costs not found yet
• –What happens when the term ends not found yet
• –Aftercare when racing ends not found yet
• ✓How prize money is shared
• –Whether you can sell your share not found yet
• –Where the horse was bought (sale and lot) not found yet
• –What the horse cost not found yet
• –Complaints process not found yet
• –What happens if costs run over not found yet
• –Insurance not found yet
• –BHA registration: not found yet. The BHA doesn't publish a register, so ask to see it.
• ✓Racehorse Syndicates Association membershipListed on the RSA's register (read 12 October 2026)
• –Year the operator started not found yet
• –How many horses they run not found yet
• ✓Prices, without having to askYes, on their website (read 14 October 2026)
• –Winners to date not found yet
• –Owners' badges not found yet
• ✓Yard visits
• ✓How often members hear
• –The most members per horse not found yet
• ✓Hospitality for members

Questions to ask before you join

We haven't found these on Stepping Stones Racing's website yet. That doesn't mean they're missing, so ask when you get in touch.

• Can I read the full written terms before I join?
• What happens when the term ends: does it renew, and on what terms?
• What happens to the horse at the end of the term?
• What happens to the horse if it's injured or retires, and who pays?
• If the horse is sold, do I get a share of the money?
• Where was the horse bought, so I can look it up in the sale results?
• What did the horse cost?
• Who do I go to if something goes wrong?
• What happens if the costs run over?
• Is the horse insured, and who pays for it?
• Can I see the syndicate's BHA registration?
• How long have you been running horses for owners?
• How many horses do you run?
• How many owners' badges will I get, and how are they shared out?
• What's the most people who can share the horse with me, when every share is sold?