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GP · Group Performer Joined: 29 Mar 2006 Posts: 5180

Jenny,

Just a quick note on Satchelman. I just had another reply from Mr George as i asked the questions you suggested about him, why hadnt he raced before age 6, any vices/problems etc.. He said the horse has no vices, just needed time, is still going to the sales and there is a reserve still on him.

As to the Insurance side, i forgot to mention that the AGE of the horse is also a big factor. Have you all decided on that yet?

Have a nice weekend

_________________
The quickest way to double your money is to fold it in half and put it back in your pocket!

There is such a thing as 'Winning Fair & Square' no matter what price is on your legs!

GP · Group Performer Joined: 29 Mar 2006 Posts: 5180

Talking of which....

Does anybody know (Rowan Tree?

) where i can find a picture of Tom George please? & his actual website if he has one, as i cant find either

Thanx very much :thumright:
_________________
The quickest way to double your money is to fold it in half and put it back in your pocket!

There is such a thing as 'Winning Fair & Square' no matter what price is on your legs!

jennywales · Posted: Sat Aug 05, 2006 11:58 am Post subject:

Welcome back, everyone!

Awaiting info on insurance and leasing, but in the meantime, here's an update:

In (p = possible, depends on level of contributions required/financial situation at time of commitment)

CostaFox
Rapidlateheadway
Newseeker (p)
Tagalie (p)
GP (p depending on location - in the States, here etc)
Golfswing
Chewster (p)
Rathven Toast
Yaiyam
NoDough
Harchiefan
Jennywales
JairduCochet

13 (including 4 "p"s, if you see what I mean!)

On the NH/Flat, we have 4 Flat v 2 NH, and at least one potential member has a strong preference for NH and would not participate if the horse was a Flat horse.

I saw the idea that we should each try and get in another potential member - but if this is to be a runner, then those members (if not already members of the Forum) would have to make the same level of commitment as we are prepared to - that might not be so easy, unless some of you have business colleagues/friends/family who would be interested and COULD AFFORD IT!

Unfortunately, the numbers at the minute are not sufficient (especially with the "p"s - no offence intended!) to make a full syndicate a viable proposition right now. However, I am not proposing to close the idea yet - I said end-August and end-August it shall be. Also, if people have financial uncertainties that are likely to be resolved fairly soon, we don't want to ditch the idea entirely.

HOWEVER, could someone help me to find out more about leasing? As I said before, this does not really appeal to me, and one of the examples given (£9,000-£12,000 for 2 years EACH!) sounds way out of our league. BUT if we look at our planned one-off expenditure (£500-£1000) plus the training fees (£120 per month each) the sums actually come out quite reasonable:

With 9 members, we would have £9000 (initial one-off @ £1,000 each) plus 9 x £1,440 (annual training fee each) so we have £11,400 in the pot to lease (please someone check my sums - maths is not my strong point!)

What we need to know about leasing are roughly the following:

How much?
What does this include?
What does this exclude?
Do we have to pay one-off or can the payments be spread?
What are the conditions (could lessees go on stable visits, to the gallops and so on? What say if any do they have in racing decisions? And on questions of welfare/retirement if necessary)?
What is our legal position with regard to serious liabilities (eg need to pay high vet fees)?

May have a gap in the schedule after the weekend for a couple of days, so will try to find out more about leasing - but any help would be more than welcome!

Good luck everyone! :gg:

YAIYAM · Group Performer Joined: 21 Feb 2006 Posts: 9130

I put it forward before about trying to get a horse that is a flat handicapper but is going to go jumping as a horse rated 65-75 on the flat can sometimes make up into a 120-130 HCP hurdler thus being able to go to the bigger meetings. Also there is the option of it running back on the flat as well if wanting to.

End of August/Sep would be a good time for looking for a horse like this as there will be plenty up for grabs.
_________________
Forest are Treemendous

Hear The Echo has more chance than Numbersixvalverde did

kickingkyle · Posted: Sun Aug 06, 2006 11:08 am Post subject:

Allthough im not in a situation to join YYs idea does sound very good.
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Wolves winner 20.1.08

YAIYAM · Group Performer Joined: 21 Feb 2006 Posts: 9130

Jenny
I have not read through all the threads but these stables may be worth contacting as they seem to do the sort of thing that we are after

http://www.lambournracing.com/

http://www.lukedace.co.uk/

http://www.mickeasterby-racing.co.uk/racehorses/sales.cfm

http://www.ah-horseracing.co.uk/

http://www.johnjenkinsracing.co.uk/

http://www.alanjuckesracing.co.uk/

http://www.rleeracing.com/

http://www.victoriarobertsracing.co.uk/
_________________
Forest are Treemendous

Hear The Echo has more chance than Numbersixvalverde did

Mansfield Toon · Posted: Sun Aug 06, 2006 12:14 pm Post subject:

£1,000 up front is way way way out of my league....surely we could claim a horse far cheaper?

jennywales · Posted: Sun Aug 06, 2006 12:52 pm Post subject:

Yaiyam, thanks. That's very helpful.

Mansfield, we were always looking at around the £10,000 bracket as an example. It might be possible to claim a horse for less, but the training fees will be no lower (or at least not much) than already quoted (about £300 per WEEK £1,200 per month PLUS open-ended on vet fees). Sure we can buy a horse cheaper, but we still have to keep it in training.

The trick is that the more people in the syndicate, the less they will have to pay per head - but we don't have enough yet. I am looking for 20, so initial cost will be £500 per head (less if, as you say, we claim or buy at a lower price), and £60 each per month. This might bring the idea into your price bracket. It certainly looks a lot less......!

glennie1970 · Posted: Sun Aug 06, 2006 4:24 pm Post subject:

has anyone considered different levels of commitment.

If you Split the horse into 30 shares of £400 each then that would give you £12000 to purchase a horse. Some of the more affluent people might want to consider 2 or 3 shares but someone a little less well off might be able to go with £400.

Monthly contribution would be pro rata in this way as would prize money etc.

This would perhaps open it up to more people.

I like the idea of being involved but have large commitments in the house I have just bought so the £1000 and the higher monthly payment are out of reach for me at the moment.

pickles · Posted: Sun Aug 06, 2006 4:54 pm Post subject: Interested

I would be interested in joining the syndicate, depending on the costs though, would prefer a national hunt horse, but would be ok with flat.

Jon

YAIYAM · Group Performer Joined: 21 Feb 2006 Posts: 9130

jennywales · Posted: Sun Aug 06, 2006 5:29 pm Post subject:

Mansfield Toon · Posted: Sun Aug 06, 2006 5:48 pm Post subject:

Just a brief question....

If we all owned say 4% of the horse (based on 25 people - Maths is my strong point! ) then how would we go about getting badges etc for when the horse runs. Surely we wouldn't have a 4% of getting a badge to be owner for that day?

I remember Motivator being cheered by all 300 of his syndicate, but Elite does not take 10,000 when SS runs.

How would badges work then people?

YAIYAM · Group Performer Joined: 21 Feb 2006 Posts: 9130

Badges for alot of syndicates are bought by yourselves, it is usually about the amount of owners they let into the saddling and winners (Optiimism) enclosure that is usually the headache bit.
I know Elite used to do it on first come first served, i think from memory they used to let about 10 in the enclosures for those purposes mentioned.

I think as we as a syndicate would be doing the organising it would be down to the individuals to purchase there own tickets.

It is when you get down to 4 owners or less the stable sorts out the entry tickets
_________________
Forest are Treemendous

Hear The Echo has more chance than Numbersixvalverde did

jennywales · Posted: Sun Aug 06, 2006 6:02 pm Post subject:

Good point, Mansfield. If there were 40 members, 6 runs per year, then 6/7 badges per run isn't by any means over the top, and we could probably get more - but we're not likely, unless lightning strikes, to end up with a Motivator. I don't know how this is sorted out with other syndicates. Anyone know?

I think the difference between Motivator and Soviet Song is that Motivator is owned by a large syndicate, while Elite is a "Racing Club" (remember the huge argument about payback from the sale of Elite horses? The Club was apparently set up so that ownership of the horses remained with the organisers of the Club, which was run for profit.) Don't think we want to go down that road......