New Forfeit List launched to tackle syndicate non-payment

A new mechanism has been introduced to help racehorse syndicators address the issue of members failing to meet their financial commitments, following collaboration between the Racehorse Syndicates Association (RSA) and the British Horseracing Authority (BHA).

The initiative centres on a dedicated Forfeit List Non-Payment Form, enabling syndicators to report members who fail to honour their obligations under syndicate agreements. The move comes amid concern over individuals who withdraw financial support when a horse suffers injury, loses form, or fails to achieve expected results on the racecourse.

The new process reinforces the principle that syndicate members are not simply customers purchasing a leisure experience, but are racehorse owners with a responsibility for the welfare and care of the animals in their syndicate.

The costs of training, veterinary treatment and daily care continue regardless of a horse's racing performance or temporary setbacks, and owners' obligations remain in place throughout a horse's racing career.

The BHA's Forfeit List serves as the sport's official record of debts and identifies individuals who have been disqualified under the Rules of Racing due to outstanding arrears. Under the new process, syndicators can report a member who has failed to pay sums due under a syndicate agreement after a three-month grace period.

The measure is designed to provide syndicators with a practical route to seek redress while reinforcing accountability within racehorse ownership.

While the overwhelming majority of syndicate members meet their commitments and make a positive contribution to the sport, syndicate managers are being encouraged to make use of the new process where necessary.

A robust and effective Forfeit List helps protect responsible owners, supports syndicate managers and, ultimately, safeguards the welfare of racehorses by ensuring that financial responsibilities are shared fairly among all members.

The introduction of the new reporting mechanism is expected to strengthen confidence in syndicate ownership and provide greater protection for both syndicators and responsible owners across British racing.