Thoroughbred ownership

venturegambler

There is a number of people interested in breeding or purchasing a thoroughbred foal. The number involved will be approx 10. We have a budget of 50k and little to no relevent knowledge. Our preference would be for the flat. It seems that if we purchased at one of the big auctions it is much more unlikely that we would get a top quality foal that if we were to go down the breeding route as in our unlearned opinion it is not too likely for a breeder to sell a foal with huge potential. Any advice you have would be greatly appreciated on this and advice related to the legal ins and outs of forming a consortium. At what age is a foal generally sent to a trainer as we dont want to have any dealings with the days to day operations. This is partly for fun and partly as an investment.

rynners

venturegambler wrote: »

There is a number of people interested in breeding or purchasing a thoroughbred foal. The number involved will be approx 10. We have a budget of 50k and little to no relevent knowledge. Our preference would be for the flat. It seems that if we purchased at one of the big auctions it is much more unlikely that we would get a top quality foal that if we were to go down the breeding route as in our unlearned opinion it is not too likely for a breeder to sell a foal with huge potential. Any advice you have would be greatly appreciated on this and advice related to the legal ins and outs of forming a consortium. At what age is a foal generally sent to a trainer as we dont want to have any dealings with the days to day operations. This is partly for fun and partly as an investment.

Commercial Breeders always sell..
I think you have to take into account the economic times we live in this year and most probably next. Your money at the sales will go a heck of a lot farther than it would have done in previous years, there are lots out there who will just offload what they can, especially those bred for the flat as they mature past their prime so quickly. It's a pity you didn't mention this a couple of months ago and you could have targeted the goffs million sale. There are other sales of course.. but with flat foals timing is crucial.

jayroyal

I think you well better off down the sales route to be honest, Firstly the millions is a great sale but only one horse can win it. I would say maybe try a brezze up sale , think dundalk has one.
Also it still alot of luck and 50grand ain't going to get you a brillant bred horse in the flat, but that said i would try your luck with an unproven stallion , hence Tefilo, one cool cat, footstepsinthesand.

knighted_1

rynners wrote: »

Commercial Breeders always sell..
I think you have to take into account the economic times we live in this year and most probably next. Your money at the sales will go a heck of a lot farther than it would have done in previous years, there are lots out there who will just offload what they can, especially those bred for the flat as they mature past their prime so quickly. It's a pity you didn't mention this a couple of months ago and you could have targeted the goffs million sale. There are other sales of course.. but with flat foals timing is crucial.

bite my tongue-site is going downhill -fyi the millions sale is yearlings not foals

now to the op -the top lot sold on tuesday at the foal sale in goffs was 56k for a really well bred colt so your 50k will go a long way -look up goffs website for results -you really should think of contacting irish toroughbred marketing for advice or to be pointed in the right direction -a 50k foal if it progresses right could pass thru the ring as a yearling for a lot more -

look at foal sales results from last year and then the yearlings from this year and see if you can spot the same horse and see if there was a profit or loss for the pinhooker -this will give you an idea of the market trends if you do it year on year and might show you if there is an investment to be had in the current climate or if you should stick to the fun side

knighted_1

jayroyal wrote: »

I think you well better off down the sales route to be honest, Firstly the millions is a great sale but only one horse can win it. I would say maybe try a brezze up sale , think dundalk has one.
Also it still alot of luck and 50grand ain't going to get you a brillant bred horse in the flat, but that said i would try your luck with an unproven stallion , hence Tefilo, one cool cat, footstepsinthesand.

an oratorio colt topped day 3 at 90k -the op is asking about foals not broken horses to flash at a breeze up -they are for horses in training

rynners

knighted_1 wrote: »

bite my tongue-site is going downhill -fyi the millions sale is yearlings not foals

now to the op -the top lot sold on tuesday at the foal sale in goffs was 56k for a really well bred colt so your 50k will go a long way -look up goffs website for results -you really should think of contacting irish toroughbred marketing for advice or to be pointed in the right direction -a 50k foal if it progresses right could pass thru the ring as a yearling for a lot more -

look at foal sales results from last year and then the yearlings from this year and see if you can spot the same horse and see if there was a profit or loss for the pinhooker -this will give you an idea of the market trends if you do it year on year and might show you if there is an investment to be had in the current climate or if you should stick to the fun side

you're right.

venturegambler

anybody watching live feed from goffs?