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Entering a syndicate?

  • 08-12-2009 3:00pm
    #1
    Hoffmans
    Registered Users, Registered Users 2 Posts: 1,069 ✭✭✭


    is it a good time to enter a syndicate ,i see there is a lot of horses going for next to nothing in england....


Comments

  • #2
    finbarrk
    Registered Users, Registered Users 2 Posts: 5,494 ✭✭✭finbarrk


    Definately a good time. It's like a half price sale at the moment.


  • #3
    smartaform
    Registered Users, Registered Users 2 Posts: 313 ✭✭smartaform


    It is a very good time, horses are cheap in the UK and even cheaper here.

    Get a few friends together and decide an outlay. 10 of you X a couple of hundred each and you'll be able to buy some nice types. A heap of NH horses went for nothing last month at Tattersalls, others didn't even get a bid BUT looked like they had some sort of ability!

    PM me for more info.


  • #4
    hiscan
    Registered Users, Registered Users 2 Posts: 1,105 ✭✭✭hiscan


    Might be better off leasing a horse,horses need looking after when they are not in training;)at least with leasing you can walk away anytime.


  • #5
    Cantoris
    Closed Accounts Posts: 375 ✭✭Cantoris


    Like most things at the moment, there are bargains to be found with the horses in training sales although it should still be noted that the nice types are still making decent money.

    My reading of it is that the top end is down, say 40% - no more silly money, the middle ground by 30% - held up by the core buyers, and the bottom end by 80% - as the buy to race and sell lads disappear (the numbers are for illustration rather than actual as each sale differs).

    I run a syndicate business (the regular contributors on here will know me well), and we previously focused on buying national hunt store horses for circa €20-40k. We've been very lucky with Brave Inca and Kimberlite King from the main store sales. However, I think we might change course now as you can pick up a winning pointer or placed bumper horse with some scope for the same money and they are ready to run or just need a Summer off.

    <snip>


  • #6
    sting60
    Registered Users, Registered Users 2 Posts: 2,340 ✭✭✭sting60


    you can always buy rubbish cheaply.there are hundreds of syndicates with horses bought cheaply that will never win a race.the cost of such investment is hugh training,entries,jockeys,travelling,farrier and vets.what about having a horse with a low handicap,which 95% of these type of creatures are.you just cannot get a run due to balloting.where is the horse kept if injured or rested.if you want to continue with a syndicate i would recommend leasing a horse from a trainer.


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