SA Footy

I searched for a topic and there was one 5 years ago so figured maybe opinions have changed etc

I know Dutchy does but anyone else own a share in a horse?
Do you use a syndicator? I can't find too many in Adelaide, mostly Melbourne and Sydney obviously
How have you found the experience?

Costs I'm figuring are around the $220-250 per month for a 10% share etc...

SAFooty Synidacte? I'll be in, who wants to run it?

Hey Moppy, have been looking into it the past year.

Really depends what kinda cash you wanna outlay..... It's really a lottery getting a decent one.

Could buy one for $5k and it'd be a champion, and on the other side you could buy one for $300k and it'd be a flop.

Hey mate

We've been in a syndicate for about two years.

Had our first horse through a mate's mate. We got 10% share (and leased the horse) for $500 a month. It ran in country Vic and unfortunately it broke down after 4 starts, running 4th being it's best effort.

We have up to 10 of us in the syndicate, so each person pays $25 a month and therefore owns 1%.

Second horse, great breeding - 10% share purchase, $600 upfront payment, $500 a month. Absolute donkey. Apparently was a 'box walker' well known problem in racing circles. Very disappointed with this one.

Third horse, 10% share purchase, $600 upfront payment, $500 a month through a mate's mate (who is the partner of a horse trainer). Problem was, it was a winner over 1100m/1200m in country Vic but the then owners wanted it to run 1600m. It couldn't. By the time we got it, it was mentally a hack (it'd finish a race and wouldn't blow a candle out) and has since been sold for $900. Best placing for us was 5th.

Our syndicate is currently looking for a horse. But by Christ you have to be careful. There are so many people diddling people out of money in the industry, be very careful. I play a back seat role in our syndicate and let the syndicate manager do the wheeling and dealing (and to be fair, he's a seasoned businessman) so I don't know the full machinations. But ultimately try and get into a syndicate where you have people doing the trading on the inside. If the industry smells you as a novice, you'll get burnt.

We haven't had much luck so far. The first horse would've been ok till it broke down. The second horse SHOULD've been ok and the third... well when you take on a winner elsewhere you expect better.

I'm not interested in going in another syndicate at the moment - finances are a bit tight.

Best of luck and keep us posted in whatever you do.

Geez feel pretty lucky reading those stories, Ive had 5 horses, 3 good ones with 2, 6 & 2 wins respectively and 2 duds. One of the duds came with the biggest rap you will ever hear, while Call Centre cost $2k at the sales and won $60k without winning a city class race.

If interested I can put you onto Ken Sweeney who does some pretty good deals, i.e. our last 2 we have paid nothing up front and only pay if it has a win. If the horse never wins you never pay.

I wouldnt mind taking part if there is a SA footy syndicate going
Lettme know how you go Moppy!

yeah i could be keen also...
keep us posted mate

I might be interested, but probably only for something along the lines of 10% share split up between whoever is interested.

I'm friends with someone who does leases/sells horses, but they train out of Melbourne (Australian thoroughbreds).

I've got a mate trying to sell me a 10% share for $6,000.
One of John Hyam's.

http://magicmillions.ddm.magsbyme.com/l ... &title=Lot

I would be up for $25 a month. Better value than Austar*!



*Not really.

We have a 10% share in a horse and it is an absolute donkey. Average cost of $250.00 a month for trainers fees. The horse cost $60,000.00 all up when we purchased. It's out of General Nediym so has some decent breeding. The other syndicate owners are looking at selling and we are looking at offering a couple of grand for her to buy her outright (that's all she's worth apparently). We are trying to find a trainer who would then like to have a 70% in ownership in lieu of trainers fees. Have heard some trainers do it but not many. At the end of the day though, we have spent a fair amount in trainers fees over the past three years for four starts. Heath Conners is a hack trainer too . It's the luck of the draw if you get a good one or not. At this stage, we haven't, but we're hoping that will change in the near future.

Dutchy wrote:Geez feel pretty lucky reading those stories, Ive had 5 horses, 3 good ones with 2, 6 & 2 wins respectively and 2 duds. One of the duds came with the biggest rap you will ever hear, while Call Centre cost $2k at the sales and won $60k without winning a city class race.

If interested I can put you onto Ken Sweeney who does some pretty good deals, i.e. our last 2 we have paid nothing up front and only pay if it has a win. If the horse never wins you never pay.

Dutchy, if you could PM me his details, that'd be great. Thanks.

It's obviously a complete raffle by sounds of things and not profitable but I expected that.

Just reckon the thrill of watching your horse hopefully win a race would be well worth it.

To be honest I'm probbaly not the best person to organise anything with my lack of knowledge in the industry but certainly if anyone is finds a good syndicate around there would be a few interested.

Maybe Gadj if you find out some info from Duchy's contact you could let us know.

Cheers Guys

from dynamic syndications

Depending upon the horse, Share Prices can range from $3,850 per share to $24,950 per share.

Q) How much does it cost in ongoing charges to keep a horse per year ?

A) On a "Worse Case Basis" a 10% share will average out over a 12 month period should cost NO MORE than $67.30 per week !

Q) What does this $67.30 per week per 10% share cover ?

A) EVERYTHING : Training Fees, Agistment, Veterinary Costs, Farriers, Transport, Raceday Costs, Strappers, Swimming Pool Fees, Track Fees, Gear Hire, Supplements, Chiropractors, etc.

EXCEPTION : The only things not included in the above costs structure is a situation we hope needs to be encountered. Race nomination / Acceptance fees for Major Group Races. e.g. Golden Slipper, Derby, Cox Plate, Melbourne Cup, etc.

This would be a nice problem to have as only horses whom have performed with distinction on the racetrack can compete in these events and should your horse be eligible for such races it would have secured significant prizemoney to offset against this minor expenditure.

Q) How did Dynamic Syndications budget $67.30 per week as the figure ?

A) Simple Maths: Nobody can ever give you an exact figure how much your horse will cost over 12 months. It’s impossible to anticipate based on the fact we do not know in advance exactly how many days the horse will be in work, in the spelling paddock, sets of shoes, float trips, race starts, etc, etc.

But what we do know is the average horse costs between $28,000 - $35,000 per annum.

Because we do not want to see any client in financial hardship relating to ongoing costs, we advise our clients that they should budget a little extra to cover any unforeseen circumstance

Therefore we suggest that you should budget $35,000 a year for your individual horse.

It becomes simple maths from this point:

$35,000 per year divided by 10 owners = $3,500 per owner

$3,500 per owner divided by 52 weeks = $67.30 per week

Q) Is it a payment plan ? If not, how do I pay this amount ?

A) No - It is not a payment plan. You will be sent an account for 10% of what was spent on your horse monthly in arrears.

The horse will be in the spelling paddock approximately 5 months a year.

When out spelling, 100% of the horse would cost approximately $1,000 per month. Therefore you would receive an account for 10% of that total monthly amount.

In this example, that would be $100 per month (10% of the account).

When the horse is in the racing stable (which is approximately 7 months a year), the average monthly account is approximately $3,700 per month.

Therefore you would receive an account for 10%. In this example that would be $370 for the month.

This figure can swing between $3,200 - $5,200 depending what your horse did during the month, how many times it saw the vet, had new shoes, race starts etc.

However, a fair average over the total 7 month period in the stable is $370.

So in this example we calculated :

5 months spelling @ $100 per month average = $500

7 months training @ $370 per month average = $2,590

Our Budgeted spend per year = $3,500 divided by 52 weeks = $67.30 per week

Our Actual Total spend per year = $3,090 divided by 52 weeks = $59.42 per week

Total Cash Surplus = $410

Assumption: Our figures have been calculated on your horse winning zero prizemoney and represents a worse case basis.

For a more detailed list of frequently asked questions refer to our FAQ page on this website.

I should add, that our horses have cost $25 per month for 1%, however we've saved over 1700 bucks in that time, due to the amount of time they've been in the paddock. When in work, they cost about 60-80 a day but on average however we haven't had to cough up money like some syndicates have to.

Our betting syndicate owns our share and any winnings we have in the syndicate is banked into our horseracing account and the monthly trainers fees are direct debited from that account, so provided we have a few wins in the syndicate each month, it's not too bad, as we just use those funds. Sometimes we have to put money into the account though.