Bloodstock & Breeding
There is currently 1 person viewing this thread.
Hi All,
Haven't posted for a while, just looking for a bit of advice.
I have 2 2yos both in training, both 1/2 brothers 2 good black type winners, including one of the leading 3yo sprinters this year. Both with very good well known trainers . However i am having real problems syndicating them on free leases. I'm not even charging admin/management fees and the monthly is a lot less than most other syndicates or clubs. I just cant get the numbers, any suggestions where I should be advertising etc. I'm just at a loss as both are absolute quality.
Haven't posted for a while, just looking for a bit of advice.
I have 2 2yos both in training, both 1/2 brothers 2 good black type winners, including one of the leading 3yo sprinters this year. Both with very good well known trainers . However i am having real problems syndicating them on free leases. I'm not even charging admin/management fees and the monthly is a lot less than most other syndicates or clubs. I just cant get the numbers, any suggestions where I should be advertising etc. I'm just at a loss as both are absolute quality.
sort by:
Show
per page
Replies: 8
|
By:
What do you mean by free leases?
Years ago I was in a group that paid the training, entry, vets fees. We were to get the major good share of any prizemoney won. One of the horses won three times, about 80k. We were told by the trainer that prizemoney goes to the registered owner. Perhaps you can see why people are not keen to buy a bottle of smoke. |
|
By:
Or the one where I had 1/12 share.
It was "going well on the gallops" but went a whole season "having problems". One day I bought the Racing Post, and when stopped at the traffic lights I opened the results page. Our horse had its first race without me knowing. I wasn't told it was running. "Slowly away and always behind, broke leg 1f out, dead". |
|
By:
I actually take offence at your comments. every member of our syndicate is a registered owner with weatherbys and is apportioned their prizemoney in proportion to their share. They even get any money back at the end of the season if there is money left in the kitty. I suggest you look up bhb or ITM websites if you dont understand what a free lease is and choose wiser when it comes to getting involved with any further syndicates.
|
|
By:
I don't care if you take offence.
We did get money back at the end of the year. Less than a tenner. I assume you mean share after expenses. When the syndicate organiser decides the expenses members take what they are given. |
|
By:
Leasing is often used by breeders who wish to retain ownership of a filly that they hope to breed from. Any other arrangement in ownership should mean what it says. You buy all or a share of a horse and have a say in when it is resold.
|
|
By:
I'd ignore Snowydot. Reasonable query, fact is I've two fillies with Listed brothers and leasing wasn't / isnt going to be easy. In fairness to owners, when the leased horse is unraced, they are taking all the risk / cost with none of the bigger payoff if things go well. That said, thousand of people are in syndicates for useless horses that were never likely to be any good. Incentivising (?) with a % of resale or interest in first produce (if filly) is possible angle. Going thru a hot trainer (o'meara / fahey might have owners looking) or bloodstock adviser or one of the big syndicates would be next suggestion.
|
|
By:
Going back to the original question, why don't you want to sell some of the shares in these horses? You can retain as much as you want and give an option to buy out the other shareholders at the end of each season at an independent valuation.
|
|
By:
Hi Snowydot,
are the 2yo's you are looking to lease showing any ability? If so it is surprising that your trainer can't find any takers. Obviously if they're not then its going to be very tough. |