Horse Antepost
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21 Mar 11
14:01
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Date Joined:
17 Apr 06
Folks
From perusing here and elsewhere it looks like there's a good few of you who have shares in or own horses outright. I am thinking about trying to get a syndicate of friends and family together with a view to buying a jumping prospect.
Having never done this before have no idea where to start. Was thinking I might join a syndicate first for a while to give me an idea of what's involved etc, before trying to branch out on my own. Anyone have any ideas on which syndicates/racing clubs might be best?
Also, cost-wise the BHA website has some very broad general costings, but what sort of ballpark am I looking at to buy a decent jumper in terms of initial outlay and regular fees etc?
From perusing here and elsewhere it looks like there's a good few of you who have shares in or own horses outright. I am thinking about trying to get a syndicate of friends and family together with a view to buying a jumping prospect.
Having never done this before have no idea where to start. Was thinking I might join a syndicate first for a while to give me an idea of what's involved etc, before trying to branch out on my own. Anyone have any ideas on which syndicates/racing clubs might be best?
Also, cost-wise the BHA website has some very broad general costings, but what sort of ballpark am I looking at to buy a decent jumper in terms of initial outlay and regular fees etc?
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some excellent value syndicates abroad too.
dont have to restrict yourself to the uk. got shares in 3 lovely ones over in New York. one of them just shipped down to Laurel for trackwork. way cheaper than over here, excellent prize money and my shares cover all the revenue even if they go to stud. |
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i have been involved with david parry racing for 4 years horses trained by ferdy murphy great well run syndicates no hidden extras expense wise have a look on his website for details
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Any more details EastLower Gooner
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The one I'm in is run by my close friend in New York.
Couldnt afford to do it properly here so when the chance came up to get shares cheaply in 3 stateside with a mate I went for it. But there are loads of nice syndicates over there.... www.dreamteamracingstable.com is pretty top notch. They've got some nice horsies. |
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ELG - do you get over to watch em much?
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Not as yet....hopefully I can get over sometime. Get all the photos, videos and updates of them...from being on the farm in North Carolina to at the racetrack.
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There is a very famous saying about racehorse ownership:
'The only way to make a small fotrune from racehorse ownership is to start with a big one'  Can't think of anything else to add  |
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Cheers lads - am well aware this will not be a money making enterprise!
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Hi Chad, If you want any advice or assistance I am happy to help if I can - drop me a line at ian@ourfriendsinthenorth.com
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Chad I am also thinking of starting a syndicate. 20 people put 1 or2 grand in and £100 per month should cover everything. Was looking at Malton as I'm in East Yorks. Bobby would you mind if I emailed you sometime about how easy or difficult it is?
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No problem Steamship - look forward to hearing from you.
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I joined a syndicate back in September,not fully experienced it as yet as I have a share in a 2yo who hope to have on the track in next month or so.
We have it with John Quinn and been up to the yard on a couple of occasions to see the horse work. Its now starting to get exciting as race day not far away,everyone in the group seems a friendly bunch and im expecting a fun summer ahead regardless of the horse's ability. Go for it |
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Chad,
Some pointers based on my own experience....... Is a jumper set in stone or would you consider a flat horse? Reason I ask is that jumpers can be more injury prone >> time off and vets bills. Also I find it easier to get to the flat meetings as weather better in summer and less abandonments. You can plan that bit better I feel. It's a good idea to get involved with a syndicate with a proven track record first of all. However you'll pay a premium vs doing it diy. Get a written agreement in place from the outset. When money is involved you want the terms of the agreement clear to all involved. If you go it alone have one or two individuals steering the ship. Too many chiefs and it can become chaotic! Decide on whether you want to take a punt on a young horse with no form in the book OR go for an older horse who's shown some signs of ability and could improve with the right trainer. |
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thanks again chaps - Bobby will message in the next few days
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westo is yours the Windsor Knot colt? I had a look myself is the syndicate full?
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Hi Steam - Yes it is the Windsor Kot colt. I think it is full but not 100% sure to be honest. I can message you details of contact if you want
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Steam - Your idea was exactly what I was looking for. Keep in touch or let me know if you want some assistance getting things moving,if you go ahead with the idea.
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