I'm looking to put a few spare sheckles I have into the purchase of some shares in a race horse. I have spent a good few hours looking through various syndicate websites at different horses and different types of ownership options. However, I'm looking to see if anyone has had any particular experiences with a syndicate and whether there is one they would recommend? There appears to be 3 types of ways in which the ownership is financed: 1, Upfront fee with monthly training fees 2, No upfront fee with monthly training fees 3, All fees paid upfront Obviously this partly down to preference but is there one that might offer better value for money over another? One example I have found is a 2.5% share for £300 upfront and then £69 per month thereafter. This is for a 2009 Filly that is with Ben Haslam that they intend to take Hurdling over the next year. What do people feel is the better choice between the purchase of a yearling to embark on a 2 Year Old season, or an already established horse that is competing at the moment? Many thanks in advance.
The age old question!! I think the simple answer is "What do you want out of the experience?" If you just want a horse to go racing with, you would probably go for a different approach to if you wanted the chance to own something that could be a bit special. The same goes with if you want to own a flat horse or a hurdler/chaser. Personally, I would want to see the yard and the horse before putting money down, and above all go with a syndicate that is like minded to yourself and your view on ownership. If you get it right, it can be brilliant, if you don't you might get put off for a long time!!
Thirty two thousand per year to have trained. Beginners Chase today at Catterick has less than four grand to the winner. Eight wins per year to break even. Of course there is place money, so maybe just a couple of wins and twenty odd placings.
What does ben haslem get out of it? Assuming he keeps no shares from himself, He's selling 40 shares at £300 each. So the horse is in the £12000 bracket. Then 40 people are putting in £69 a month training fees. A whopping £2760. I have no idea how much it costs, is this the norm? personally i think you can either afford to have a race horse or not. Either on your own or with a small syndicate of friends(4ish). Obviously this is beyond most people(me included). But thats life i guess.
Training fees on average in the UK are anything between £16,000 and £25,000 per horse per year, depending on your trainer and where they are based - for example all horses in Newmarket have to pay a monthly fee to use the public gallops and this causes the bills here to be higher than the rest of the country. They are billed as follows: Heath Tax (Flat and NH): £107.32 plus VAT per horse per month Links Tax: £29.17 plus VAT per horse per visit Special Gallops (Newmarket Trainers): £20.83 plus VAT per horse per gallop A trainer with his/her own private gallop does not need to worry about these fees.
If it's a flat colt then you want to watch out. If it is a bit special you'll soon find out you don't own it at all!!
