TEAM TT HORSE

Well i'm in a syndicate for 2 horses Goodwood Storm, Goodwood Mirage. It is a little bit of a pain in arse but definatly worth doing. To be honest it all depends on how much people are willing to invest to a syndicate. Plus depends what type of horse your looking for Jumps horse for the future so buy it as a 2yr old have a bit of fun for first 2 yrs then start benefiting from it as a 4yr old. Or do you buy a 4yr old who has abit of expeience already. Do you want a 7f specialist horse? Do you want a multi distance horse? Do you just want a horse for 1 season then sell it on to get another?

As a guideline, costs can be expected to include the following:

• Training fees - Includes the price of feeding and exercising the horse, stable staff’s wages and the trainer’s services. Some also include routine veterinary care, gallops and farriery costs; others charge extra

• Gallop fees - To maintain the gallops on which the racehorse is trained

• Routine veterinary care - Such as vaccinations, blood samples, respiratory investigation to ensure the horse is race-fit

• Blacksmith’s bills - A horse’s metal shoes need to be replaced every four to six weeks

• Transport - Costs to transfer the horse to and from the races

• Staff overtime - When travelling to races

• Race entry fees

• Jockey fees

• Ownership registration fees

• Insurance

Like any athlete, horses require a lot of upkeep and it’s impossible to predict the likelihood of injury or similar expense.

Of course, against this you can set prize money: a recent poll showed owners received a net return on costs of 21 per cent.

The best idea is we all join a syndicate or buy shares in a horse already in training They can vary from £99 month + vat (£118.80 a month) so say we bouught 5 shares in a horse £594 a month costs that gets divided by our little syndicate e.g 10 people pay £59.40 a month. Problem with that is we dont really have a say in where horse runs as small majority.

Here is the info from our website:

FEES & MEMBERSHIP
Your membership lasts for two years to cover the 2013/14 racing seasons.
The all-inclusive price is £925 . This includes a number of complimentary social events, the purchase price of the yearling, training fees and all running costs including transport, vets’ and jockeys’ fees and insurance. There are no hidden costs.

At the end of the scheme all profits from winnings and sale money, together with unused training fees are shared amongst subscribers. A full set of management accounts is also distributed.
The yearling will be purchased at one of the major autumn bloodstock sales by an independent Bloodstock Agent.
The Board of Management reserve the right to take decisions on behalf of and in the best interests of the syndicate.
The fee payable by Members is subject to the terms and conditions of the group. Under these terms there is no entitlement to a refund.

The Goodwood Racehorse Owners Group is a company limited by guarantee.

Im a annual subscriber i get it for less then advertise. It works out roughly £1.26 a day to be a member. (2 yr deal)