NEWS > Para-Equestrian
Posted by Equestrian Australia on 20/10/2015.

EA Statement - Horse Syndication

Ceasy was purchased in January 2015 by Equestrian Australia (EA) in accordance with EA’s Australian Sports Commission’s “Winning Edge” strategy to ensure quality horses are part of the Australian teams’ stable to deliver medal outcomes at Rio.  The horse was purchased for Sharon Jarvis, a Paralympian and two time World Equestrian Games bronze medallist, identified as a former and potential medal contender in accordance with Australia’s Winning Edge. 

EA purchased Ceasy with a view to syndicate the horse, in the same way that it purchased TS Jamaimo for Eventing rider Chris Burton.

As with the TS Jamaimo syndicate, EA identified a potential medal winning horse and purchased the horse outright with the intention to sell the shares in the horse to allow EA to recover the costs. 

In accordance with our reporting requirements the purchase of the horse was listed on the financial statements as goods to be sold.

The proposed syndicate will comprise a mixture of individuals and corporate entities known as the Ceasy Syndicate. EA will not own a share in Ceasy and the syndicate will be managed by Sharon.  

Although the EA membership is a key stakeholder to High Performance it is important to note that EA’s High Performance plans are solely funded by the Australian Sports Commission and no membership levies are spent on its high performance programs.

The management and preparation of EA syndicated horses are the responsibility of the rider in conjunction with the Individual Performance plan required as part of a High Performance squad athlete. Sharon and Ceasy must complete the same qualification process as all riders on a Para-Equestrian squad and will be considered against the same selection criteria as all riders.

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