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Promising run in killarney.....how do i get a share? or are they all gone......
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That syndicate is full. He's a big baby and should improve a lot for the run and some time. He is now on his Summer hols and will be back in training in the Autumn.
I do have shares available in another syndicate. We have leased a sister to For Bill. We got her in March and Colm Murphy did some prep work with her and likes her but as she was heading for her Summer hols, we held off on syndicating her until now. She is back in training next week and should be on the track in 10 weeks. 2.5% shares available. No upfront cost, just a monthly all-in fee. If you're interested, you can email me at info@winningwaysracing.ie |
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The world is going to end i find myself agreeing with Bobbybocala.
I think the above reply is disgraceful,an attempt to hoodwink some unfortunates. |
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If Rocketfingers or Never Give Up had a shilling they would be first in,that is the calibre of idiot they are after.
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Raise the Beat advertised as a success story.
Bought in June 2008 so there has been management fees of 2k, 4k, 4k, 4k and 2k until June this year. 16k in management fees so the horse's achievements on the track have not even covered these costs let alone training fees and additional extras. Tropical View unraced and at the moment will have stood the syndicate 12k in management fees before training fees are included. That is €28k in management fees over a 4 year period for horses that have run 5 times. It is a nice earner to say the least although I am sure it is no different or any worse than any other of these syndicates which are essentially a benefit for the manager of them. Selling the dream is certainly a dream for the seller. |
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A pyramid scheme of sorts.....bassanio is right.....the seller/manager is the big winner every time......
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The management fee is a ride ......of course it is......saying that he has earned his corn today.....he has managed to secure the services of that top rider......yes Robbie Power......robbie is riding very well at the moment.....hes so much better than barry geraghty.....barry is riding a screw for Taafe in the same race.....they may as well have got barry cash back.....there isnt any difference....
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Robbie Power is an average jockey but he is riding well below his best at the moment. I watched him closely on Bullock Harbour at Killarney for example and he presented the horse wrong at every fence and his positioning and decision making throughout the race was wrong. The horse was not good enough anyway but time and again Power has looked a liability on a horse recently.
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It is a business though bobby and the aim of a business is to make a profit. I have no problem with that but the "Live the dream" and "I buy a share in each horse to enjoy the experience with you" is what is annoying. The syndicates are there to turn a profit and make money for the manager.
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Bassanio/Bobbybocala, so when are you starting a syndicate that I can join where the members pay cost price, you source all the members and the horse is guaranteed to run ten times a year. I'd be happy to join that syndicate.
As for our syndicate's operation, you assume that we blindfold a bus load of people and bring them to the ATM to force them to withdraw their money. As you know, that's not what happens and it is not cheap advertising the operation to allow those that cannot otherwise get involved in horse owenership to be able to do it. We also take on the risks that our syndicates will not be fully subscribed and I'd be happy for you to take that risk. I'll pass on your "idiot" and "unfortunates" references to my members who seem to be happy enough to go into new syndicates with me. Finally, Bassanio what do you know about Raise The Beat? Probably nothing. |
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Very defensive Bi
When you advertise on a public internet forum,you should expect some level of criticism and cynicism. |
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The original post was a question which I answered and then offered an alternative as I thought they might be interested. Clearly that original post was simply stirring but its only natural to defend yourself. I've done that now, so will leave it as there are plenty out there that just want to stir and have never or will never get into ownership.
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Its not a ringing endorsement to pay 12k in management fees for unraced Tropical view(to quote Bassiano). How in the name of God can a figure like that be justified?
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Two key assumptions made by Bassanio:
- €12k was amount of management fees payable - the actual management fees payable were paid Both assumptions are wrong. |
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I called nobody and idiot or an unfortunate.
What I know about Raise the Beat is his career earnings and how they contrast with management fees. I would have thought that was quite clear in my post on the matter. As I said, you are operating a business to make a profit and I have not slighted you for it. I have simply stated that you make a healthy profit on each horse and the more horses, the more profit. I assume that is why leasing has started, although you have set yourself a task looking for 40 members. It seems to work for Supreme so you may well do it, but their results have been very good, so that might explain why they seem to fill many of them. |
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Your site is what I would have thought you would use to explain fees and training costs.
It quite clearly spells out the management fees and a very simply calculation yields the figures I included above. Maybe something should be included that management fees are significantly reduced when your horse does not run during a particular season, or for a number of seasons. This would prevent "wrong assumptions" being made when the site clearly spells out the fees. |
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Count me in BI......I'd love to hav a share in a horse where.....training fees are double the norm.....hav no say whatsoever.....it's trained by little Colm......and it's going to be ridden by Robbie Power....sounds great don't it.....
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You are also forgetting that you are likely to be paying significantly higher training fees than that poor unfortunate Michael O'Leary, bobby.
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