Racehorse syndicate

essgee268

has anyone advice on setting up a syndicate. Myself and a few friends have an interest in Racing and Wouldn't mind being involved in ownership. We are going to Breeze up sales in Goresbridge Next week for a Look. Has anyone any advice

I said

Check out the association of Irish racehorse owners web page that will give you an idea of what yer at.
What way is the money being collected from the members for the fees and such.
Treasurer is vital.
Nominate one person to deal with the trainer.
Who is buying the horse for ye agent/trainer?
Have ye chose a trainer,how much money are ye prepared to pay?
Hope that helps ya and good luck with your purchase.keep us updated.

famagusta

Hi,

First piece of advice is to look up your local trainers that seem to be any good, ask around some people who would know racing and see what they are like, are they trustworthy etc?!. I would approach them and tell them what you're thinking and he'll help source the horse etc.

Small local trainers can be best, look at the likes of adrian Keatley etc who do well with small stables and with small budgets for buying. they will also be cheaper per month for training etc.

If you don't have a big budget for buying, you might be able to lease a mare which is a very cost effective way of getting involved. you pay the training fees, get the prize money and when she's finished she goes back to the owner. this is good if the horse gets injured as you don't lose your initial substantial spend on buying the horse.

I'm looking after one syndicate and involved in a couple more so anything specific fire away.

Be prepared for the bills every month though, and the racing bit is not cheap, travel, entry, jockey etc

It'll be the best money you ever spend ( if the horse is any good) so enjoyable seeing your horse running, the parade ring, talking to jockeys, making plans etc, its great

posturingpat

Make Sure to be prepared to lose 15 grand or so a year not including the price of purchasing the horse.

Use a small trainer. The best small trainer I can think of is Gillian Callaghan so if you're anywhere near Meath she could be a good idea. Has only a handful of horses but rare she can't get a win out of one and from reports from friend s involved with her she's great to deal with and very upfront and has a fair good idea when to have a punt on 1.

Kauto

First piece of advice would be to buy the horse yourself. Dont let a trainer or agent purchase for you as more often than not they have pocketed a fair chunk of money. Have some first hand knowledge of this as have often seen a trainer purchase a horse outside the ring and 10 mins later said trainer is bidding on the horse in the ring!!

Agree with Gillian O'Callaghan.

diomed

What people above said. Do it yourself, even if you know nothing.

I said before on the forum I was in a syndicate a trainer arranged. The horse ran and died in its first race. I found out about it when I glanced at results in the Racing Post when stopped at traffic lights. I hadn't been told it was running.

Another was a racing club. We paid the training and other fees (leased the horse). The arrangement was we would get the winnings (or most of them). The horse won three races and 80k. We got nil. We were told we were not the registered owners.

Do it yourself.

diomed

If you want pedigree advice ask me. I think I know a lot about pedigrees, but little about horses in the flesh.
PM me for free opinions, even if you want a whole sales catalogue looked at.

diomed

There are only 255 lost in the catalogue. I'm going to put the pedigrees into my database and pick the winner.

Harry Angstrom

diomed wrote: »

Another was a racing club. We paid the training and other fees (leased the horse). The arrangement was we would get the winnings (or most of them). The horse won three races and 80k. We got nil. We were told we were not the registered owners.

Do it yourself.

Clement Freud had a similar experience after Motivator won The Derby and was retired to stud.

http://www.dailymail.co.uk/columnists/article-391586/Why-long-face-Clement.html

diomed

About 250 in the catalogue. Seven interested me.

jkmanc1974

Definitely go it alone and with a small trainer. Trained and owned greyhounds for many years and took first step into the horse racing game 2/3 years ago by joining the Supreme Horse Racing Club. Has far too many members but the buzz of seeing a horse that you are associated with is unreal.

finbarrk

Organise direct debit for the members. Its the best way to collect.

BumperD

Have a fully costed and signed agreement up front setting out risk etc up front. That will cut out problems down the road

Francie Barrett

The juice in the price is gone, but there is a serious disconnect between Salvatore Fury's turf and AW handicap rating in the last at Hamilton. I've taken the 5/2 still left for small money.

diomed

I went to Gowran Park during the week to have a look at the breeze up, but did not go to the sales in Goresbridge today (started at 10 am).
The horse I picked as my top pick on ratings and pedigree sold for very little money. If I was there I could have bought it with my credit card and would have bought it.

Francie Barrett

diomed wrote: »

I went to Gowran Park during the week to have a look at the breeze up, but did not go to the sales in Goresbridge today (started at 10 am).
The horse I picked as my top pick on ratings and pedigree sold for very little money. If I was there I could have bought it with my credit card and would have bought it.

Care to share? Might be worth keeping an eye on.

chief8

HI,Still interested in horse racing syndicate?Member of well establised private syndicate looking for new members to expand?

tramoreman77

chief8 wrote: »

HI,Still interested in horse racing syndicate?Member of well establised private syndicate looking for new members to expand?

Pm me

Shemale

If I was looking for a trainer to buy and set up a syndicate I would go straight to Adrian Keatley, doing very well for what he has.

posturingpat

Shemale wrote: »

If I was looking for a trainer to buy and set up a syndicate I would go straight to Adrian Keatley, doing very well for what he has.

Yeah having an almost unbelievable season. I'd say his fees will have sky rocketed from the start of the season.

Shemale

posturingpat wrote: »

Yeah having an almost unbelievable season. I'd say his fees will have sky rocketed from the start of the season.

Yeah, I'm spitting, I left a syndicate just before he started out and a friend in the industry said he would be brilliant.

She even gave him my number and I talked to him about it, decided not to do it as the last syndicate was such a joke, I'm not laughing now

chopperp

pm details please