Owning a Horse

[boil1512]

Morning Gents

I have seen before that a few of you are involved in owning a horse and after a recent win im looking into doing it myself!!! How and who would i need to look at/speak too??? I've been looking on Longsdon etc websites but I'm a little confused by it all as it doesnt seem worth owning a 5 % share ???

I'd appreciate anyone's help understanding it all

 

[stick]

So many different options involved here boil. The biggest factor being your budget and the next being what sort of horse you want. The safest options are horses in training as you know what you are getting for your money. If its cheap its cheap for a reason. The don and I own 10% each of a horse that is ex Godolphin running for us at Lingfield tomorrow. We got it cheap because it had been injured and we were taking a big chance.
I have sent you my email address. If you give me some ideas about what you want I will very happily hook you up with the right people.

 

[NassauBoard]

Hi,

It really depends on what you want to do, you either can lease a share in a horse for a season, or buy into a syndicate for a share which adds the possibility of getting money back if/when the horse is sold.

My advice would be to steer clear!! However, if you want to get involved and are happy to lose money then its a brilliant thing to do.

If you want to buy into something that has been going a long time then I would suggest thinking about something like Middleham Park Racing, but make sure the horse is in a location that you are happy with and make sure you go and see it before buying in! If you want to lease, then Foxtrot Racing are pretty good, albeit I am rather irked by what happened with the syndicate I was involved in!! That is life though, and I find that the important thing is to trust the syndicate manager and trainer, if you trust only one or neither then don't join up!

The main thing is, expect to lose your money. Then you won't be disappointed!

 

[rudebwoy]

Great advice Nassau!!

 

[Bluesky9]

All very good advice.

Although I have never ventured into the area myself i do have friends who have and some have been delighted and some very disappointed. It really depends on yourself from the outset as the expectation needs be matched to the budget and this is where it often falls down, when someone imagines a highly personal experience and a monetary return for a sum of £500.

I would suggest as high a sum as can reasonably be afforded into as smaller syndicate as can be expected with a trainer or syndicate manager you trust. The main thing with regard budget is to be completely clear regarding ongoing monthly costs, exactly what's included and what isn't, work out the cost for the entire exercise and write it off immediately as gone and then enjoy every minute of the experience because that is likely to be your only return.

 

[Reebok]

Alternatively, for the very modest sum of £90, I can sell you 100% of a horse called Pingo.

He is 15 hands and only 12 years old. A good ride for a novice and stabled currently in Essex.

He'd struggle around Aintree though

 

[NassauBoard]

Alternatively, for the very modest sum of £90, I can sell you 100% of a horse called Pingo.

He is 15 hands and only 12 years old. A good ride for a novice and stabled currently in Essex.

He'd struggle around Aintree though

If it looks like a penguin, and squarks like a penguin, then its a penguin

 

[SwanHills]

..but there's some excellent advice here, boil.

Sure I've mentioned this before long ago, but the nearest I ever came to owning one was in harness racing. Was getting close to closing the deal for this young unraced trotter, when my better half announced that we would call it "Trottelwottel", and no arguments. I backed out, as gracefully as I could.

 

[Cyclonic]

Trottelwottel.

 

[DreverSpur]

Here's a question guys - do all trainers charge the same fees per month? Or would, say for instance, the 'Forums favourite' charge more compared to Bridgewater, Hill or Skelton? Also, does the quality of animal come into the equation - Would a Denman cost more to train than a Quixall Crossett?

 

[NassauBoard]

Here's a question guys - do all trainers charge the same fees per month? Or would, say for instance, the 'Forums favourite' charge more compared to Bridgewater, Hill or Skelton? Also, does the quality of animal come into the equation - Would a Denman cost more to train than a Quixall Crossett?

All charge differently, depending on location and reputation (whether the yard is full or not) and they should cost the same to train (entry fees would be different though)

 

[stick]

Every horse in the yard will cost the same to train Drever but entry fees are higher the classier beast you have. Costs are regional and often depend on the trainers facilities. You pay more at places like Newmarket, Epsom and Lambourn as you are paying for use of the gallops whereas some of the yards I have visited, Longsdon & Newland for instance, have their own gallops!

 

[beeforsalmon]

My advice would be to steer clear!! However, if you want to get involved and are happy to lose money then its a brilliant thing

Is that you doing the hard sell Nass

 

[SwanHills]

Trottelwottel.

Well, I ask you, Cyc, can you imagine:

"Trottelwottel", owned by Mr. & Mrs..................I mean, there are a few people who know me down here, I'd have been laughed out of town! The missus wouldn't budge though, so that was me Out, with a capital 'O'!