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I owned via a syndicate/partnership for about 4-5 years.
Never expected to make $ and didn't. Best year $wise I made back about 50%.
That said, I enjoyed several wins at major tracks that were the thrill of a lifetime, whether it was a $20k claimer or a minor non-graded stakes. Nothing compares.
I likened it to spending an equivalent amount of $ on pro sports tickets...except you MIGHT get a few bucks back and the food is cheaper and it's triple the fun to win. And I got access, real handshaking hang out in the barns access to some of the best in the game. I'm not getting that with Brady/Belichick no matter what I spend on seats.
I was about 80% pleased with how the managing partner worked to place our horses in positions to be competitive. That was (and is) important to me.
So is communication. We always got timely and honest information about our horses.
The one thing i will add is I would never care for a fractional ownership where I could not (or need not) pull a license as an owner. That's just an extra level of skin for me that I value. Plus...for the $200 I'd pay I think once a year or maybe even every 2 years I got free parking and CH admissions at every SoCal track plus a program and access throughout the facility. In my opinion, that's a huge bennie and helped offset my "investment" losses.
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