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Owners Club - 1 year Lease for Getaway Trump
Owners Club - 1 year Lease for Getaway Trump
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don't get it,any couple/person can walk around chelt pubs,racecourse saying their one of 4000 owners and get the same out of it as a bona fide member,wear a purple/black scarf for effect or do shareholders have a funny handshake,password,
its like buying a few shares in a football club and saying you own it |
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exactly, it's the illusion of ownership
or should I say delusion |
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perhaps you should set up your own racing club?
At more realistic rates  |
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I'll do it for £106 a share
howzat? |
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well they could use social media to form a group , use the same monies and nearly have half a million towards actually owning a horse and training fees
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Nov 2017 Cheltenham November Sale (Tattersalls Cheltenham) 32 Calluna House Stables (Vincent Halley)Tom Malone/Paul Nicholls £90,000
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If I was horsey mad and had inclination of owning a horse I might. I'd try and pick up a Godolphin rag in the Sales at a bargain price. That would be a good start as any, I think. With £428k one could buy at least 3 horses and pay training fees for 3 future years too; 3 for the price of 1 - what's not to like for members?
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I'd do the same. Or one of John Gosden's big owners who regularly move on their horses they feel won't make the very top grade.
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For around £1 a week for a year,one can have a bit of fun watching to see how a three year old moving stables from the flat to a NH yard,gets on when juvenile hurdling.
Chance of visiting stable and going to the races to see him/her race. Appeals to me. All those owners of Pentland Hills must have loved last season. I prefer to look at it that way. |
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Its less of a wind up that way, and less upsetting.
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How many of the 3 thousand actually got a badge, how many actually got a stable visit ????
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Fair question dealer,the couple I met obviously have plenty of time on their hands and make themselves available probably at every opportunity and I guess have been on plenty of visits etc although obviously didn't make the cut for the big one last March.
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Its a
LOTTERY |
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Not many will visit the stable and less will get a badge, but its still only a quid a week.
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The lease part of it is what I have a problem with. That's 3 seasons of leasing the same horse already and those in charge still own the horse that only cost 90K. I think anyone who gets involved in this is a mug.
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Budd it's not the money it's the amount of shares
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they surely cant sell every share.unless most by 10mshares ,20 shares a couple which greatly enhance chance of stable visit,s,badge for day etc
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Exactly,that's why a choose to look at it differently.
I dare say those who have forked out £50 quid or so will look at it that way as well. |
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Yes but that doesn't make it right
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notice they're ticking the equine welfare box @ 13p a share!
yet the management and service provision fee is set at £13.59 per share, nearly double the training cost! |
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Management Video
https://www.youtube.com/watch?v=4OcM23Hbs5U |
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Bought my Dad a microshare in a horse through Owners Group last year. £50 a year gets you a "connection" with a horse. Nothing really more than that but I would imagine most would know that. There is no chance of an "owner" making a profit via prize money but the excitement when the horse runs is real and different to the normal gambling side of things.
You get videos and magazines and we have been to Nicholls yard which was fascinating. (the trainer himself was present and an excellent host). Dads happy, im happy and if OG can turn a profit by giving customers an interest at a tiny outlay that's business. I would concur that the renewal fee for Getaway Trump is somewhat excessive. |
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Should have bought it as a store
Only £5k   |
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Kublai how many members got to go to the open day? How many do they do in a year?
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Kublai summed it up.
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I get being a part of the the ownership, a good thing.
But GT is valued at 250k for 1 season, saying he races for 5 seasons then his true value according to the syndicate is 1.25m, that isnt right. |
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Just give your Grandma £107 to knit you a scarf in Getaway Trump colours.
Then mix in with the owners every time it runs. Better still, get her an order for 4,000. |
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whoever runs this group is making a serious amount of money if that is just for one horse
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How it works -
4000 Shares x £54 - Year 1 (this covers Purchase/Management Fee/Training Fee etc) ... When Year 2 comes - say 3700 renew for Year 2 - they still own their share. The renew fee is something like £30-£37 for Year 2. That’s your Management Fee/Training Fees and you still own your 0.03%. The 300 shares (not renewed) these people are then given 0.03% at horses value for their (Capital Share) plus Prize Money. Owners Group then Re-Sell the 300 shares available to complete the syndicate again. ... They make good money £50k-£75k in Year 1 at least. Year 2 - 4000 renewals x £30 - they only have training fees as cost - £75k plus there as well profit. ... Remember that’s per horse and they have 40 (+) so 40 x £75k is multi million pound business. |
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The horsey knowledgeable and savvy operators are exploiting the naive enthusiasts and ownership wannabes. Using Getaway Trump as an example a £100k horse could generate as much as £500k over two years ie 5x capital outlay; 5 similar horses = 5 x £500k = £2.5m (easy money) over 2 years - a very good return/profit/revenue stream.
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A headline grabbing post for sure but slightly misleading because if existing shareholders retained their shares in early February then their annual cost was substantially less than the £107 per annum being paid by new shareholders because shareholders only pay the capital cost of the horse once (when they first join the syndicate as a shareholder), not each year.
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The fact that I've just posted on a 7 week old thread gives a clue as to how much time I currently have on my hands in this strange new locked down world that we find ourselves enduring.
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Worrying time for some syndicates in the current climate no doubt.
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I would love to know the actual numbers still in full training, plenty will have pulled the plug and taken them elsewhere or purely paying for keep and horse walker.
very hard for trainers to know where they are with regards to this year. |
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I guess that's why Beckett and co are trying to put an optimistic slant on things.
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I doubt many would be ready for a May 1st return
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We're involved in 2 horses and the monthly bill will be arriving tomorrow and not expecting any reduction in fees yet.
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yeah you are probably right,
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On another note, Getaway Trump is crying out for further on decent ground next season on pedigree.
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And many who bought the shares are just crying.
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