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jairducochet · Listed Winner Joined: 09 Mar 2006 Posts: 982

Jenny - I think this sounds like an excellent idea, as i have said previously the initial down payment is no problem for me, its the monthly costings, smaller the better,

Mansfield - Owners badges would have to be on a rota system, irrelevant to how many shares you hold.

We would all be equal, could not be any other way.

Mansfield Toon · Posted: Sun Aug 06, 2006 6:42 pm Post subject:

jairducochet · Listed Winner Joined: 09 Mar 2006 Posts: 982

Mansfield

To make it fair and we would all have to agree on this, that irrelevant to how many shares you have, it has to be equal passes, otherwise it will not work and people will start to fall out

Once that starts happening, we no longer have a syndicate

But its a fair point and its an area that needs to be addressed.

I would always share with you Ant, so no worries there.

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

Mansfield wrote

I know this is assuming alot, but these things need ironing out! I dont want to be waving at YaiYam and Jair lording it with the bigwigs while I'm stuck on picnic hill

quote]

Do not worry about this Mansfield i would go with all the other members and i tend to go where i think the best views or places to be are.
Cheltenham is a great example for me it is the Best Mate Enclosure everytime.
Only racecourses like Newbury, Wincanton, Bath and especially Salisbury (people who have been there will know what i mean)do i pay the higher prices.

The French trainer @ Lambourn, Auvray is it looks like he could be worth talking to
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Forest are Treemendous

Hear The Echo has more chance than Numbersixvalverde did

jennywales · Posted: Sun Aug 06, 2006 9:38 pm Post subject:

Last post of night. I have emailed a few trainers. I have already had a reply, from Richard Lee, yard near Ludlow, Shropshire.

His deal for groups on TRAINING FEES is £1375 per month all in (including vet fees - the only reservation is that the all-in price does not cover surgery or EIPH /blood vessel treatment). Coincidentally, my next door neighbour has had a horse in training with him, and she seemed very satisfied with the treatment she got - her horse (mare) is now coming home to next door with foal at foot. Also, I declare an interest in that the yard is reasonably accessible from me!

I await replies from others and will let you know.

The sums go thus - per month payments for training fees, for 20 shares = £68.75 and for 40 = £34.37 . Capital costs still to be divided, but 20 x £500 = £10,000. 40 x £250 = £10,000. So 1 share on this basis would be £500 + £68.75 per month (for 20 members) and £250 + £34.37 per month (for 40 members).

Clearly, some will be able to afford more than 1 share. But I think £250 + £34.37 per month must be considered a minimum to buy one share, and make the thing viable. Capital costs would reduce if we bought for less than £10,000.

Totally agree with Jair - all members to be treated the same, regardless of how many shares they hold - and would this apply to prize money (assuming we get any!) as well? Or would any prize be used to reduce running costs? I would definitely prefer that, but others may not, and in any case, unless we strike extremely lucky, it is unlikely to be an issue!

I don't suppose other trainers would charge very much different.

I would be prepared to contribute £1,000 to purchase, and £68.75 per month training fees - so in effect 2.5 shares!

How about everyone else? How many shares (NOT members) at £250 + £34.37 per month can we muster? This is NOT a requirement, but will give a good indication of whether the idea is viable or not. If loads of people want to join, or quite a few would be able to buy more than 1 share, the costs go down (but the admin headaches go up!)

Come on, we can do it!!

Mansfield Toon · Posted: Sun Aug 06, 2006 9:54 pm Post subject:

£35 a month I could easily do. The £250 upfront would need serious consideration

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

This looks good and he is a good trainer as well.

If i had more shares than other people or vice versa i would not expect to get any special treatment or any less, it would just be some good days out
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Forest are Treemendous

Hear The Echo has more chance than Numbersixvalverde did

Mansfield Toon · Posted: Sun Aug 06, 2006 10:08 pm Post subject:

glennie1970 · Posted: Mon Aug 07, 2006 7:31 am Post subject:

I could do one share for definate but maybe 2. I am saving as we speak

jennywales · Posted: Mon Aug 07, 2006 7:57 am Post subject:

Glennie - good man!

Mansfield - personally I would be against sharing any prizes (assuming we are so lucky) on a percentage basis to individuals. I think any prizes (optimism rules) should be put back into the pot as a whole to reduce the monthly contribution per share (pro rata, so that those with more than 1 share get a better reduction). I think we must be realistic and assume that any prizes would not wipe out the need to make a monthly contribution, however small! Can see I'm going to have to go in for an accountant's qualification!

Everyone - please post your possible numbers of shares on the £250/£34.37 basis. This is only an indication - the price of a share may go up (or down - why does that sound familiar?) according to how many shares we can "sell".

The email from Richard Lee's yard invited me to visit. I can't do that until after 17 August, but if you all agree, I could visit then (any day up till at least mid-September). And would anyone else be interested in joining me? The more the merrier - different views and opinions.

Also, the Lee stables are exclusively NH - would this put off those who have expressed a preference for the Flat?

More feedback, more, more......

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SkankyMinga · Posted: Mon Aug 07, 2006 8:24 am Post subject:

I would seriously be interested in 1 share at the rate of £250/£34.37. The £250 would be ok as it will be a one off and the monthly rate would be easily manageable.

I know I said no before but at this sort of rate I would like to get involved. I am happy to go NH too. I know I said I would prefer a flat racer but I am willing to go with what appears to be the majority.

golfswing · Posted: Mon Aug 07, 2006 9:11 am Post subject:

Jen 250/34-37 sounds ok by me..
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kickingkyle · Posted: Mon Aug 07, 2006 9:27 am Post subject:

I think the above cost sounds realistic to me, certainly if i get a job sorted sooner rather than later. The 250 shouldnt be a problem (wouldnt of been but have got to pay 400quid to get my car repaired

) I like the flat going on to a NH horse idea. But if it had to be 1 then im easy.
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