What does it mean that Secretariat was syndicated?

Answer 1

When Secretariat was syndicated, it meant that ownership of the horse was divided among multiple investors, allowing them to share the costs and profits associated with his breeding career. This practice is common for successful racehorses, as it enables them to generate revenue through stud fees while reducing individual financial risk. Secretariat's syndication helped maximize his breeding potential and made him one of the most sought-after stallions in horse racing history. As a result, he contributed significantly to the thoroughbred lineage and breeding industry.