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I'd like to go with a syndicate !

West Australian Racing
CPLCPL    632 posts
edited December 2014 West Australian Racing
Many years ago I would be at the pub with my mates on the Terps and we'd say 'let's buy a dog' I'd so the proactive thing and find one only to have my mates go ' me misses won't let me' 'not yet mate I'm broke' so I went in alone and I'm loving it.
I've got my mares and foals as well as horses in work but I know that power is in numbers not buying a syndicated horse but MONEY talks and I think most people know this.
Remember Blue Sky a few years ago coming in and getting people on board to fork out cash to buy potential stations etc?
I like to think I'm a doer so between like minded people would people genuinely like to put fourth money to purchase a quality colt ?
I've got no interest in the picking of such a animal but I'd throw money into the exercise if others were interested?
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Comments

  • thefalconthefalcon    20,471 posts
    CPL, have a look at the statistics of buying a yearling.....thousands are bought but what % reach a race track, let alone win a race....its frightening...you'd have to be a wealthy spendthrift with a ton of hope...and prayer.
    its for rich suckers only...keep well away.....
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  • thefalconthefalcon    20,471 posts
    don't be fooled by the "i only paid 20k for him/her and she has won 3..4 or 5..races"
    one in about 20, 000.....tread your own path....with a bright torch in front of you..there are a lot of pitfalls...and beware of the slick syndicator....slick as cat sh*t on a satin sheet they are, a snake oil salesman could learn from them...

    loco likes this post.

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  • CPLCPL    632 posts
    Syndicates are slick I thought a PTT syndicate with smart minds combined could be a 50/50 chance of a chance.
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  • SLIPPERGOLDENSLIPPERGOLDEN    8,411 posts
    edited December 2014
    For me Falcon is correct. Half the battle is getting the horse to race. My one and only investment cost me $500 for a quarter share many years ago. The horse won a trial brilliantly and was set for a very good career. Broke down before it ever raced. That put me off for life.

    On the other hand after that my father not to be deterred bought five horses, all raced and all but one horse won races. He gleaned plenty of enjoyment and a profit in the process.
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  • thefalconthefalcon    20,471 posts
    never happen, who'd run it...we'd be fighting like cats in a phaqueing sack.....
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  • thefalconthefalcon    20,471 posts
    your dear old dad was blessed, slip.
    did you get my private?
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  • SLIPPERGOLDENSLIPPERGOLDEN    8,411 posts
    No. Have you sent it yet?
    :D
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  • thefalconthefalcon    20,471 posts
    yes..probably stuffed it up....
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  • Ridersonthestorm33Ridersonthestorm33    10,930 posts
    Read up on the doomed Living The Dream syndication and the stewards probe into Dynamic Syndications all interesting reading. If you like to get involved for the social side of things then I would say fair enough but that's all. I find it extremely difficult to punt on them let alone own them! Good luck to all owners out there in PTT.
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  • SLIPPERGOLDENSLIPPERGOLDEN    8,411 posts
    edited December 2014
    Ridersonthestorm33 said:

     I find it extremely difficult to punt on them let alone own them! 


    :
    :)) Good stuff Rider!
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  • thefalconthefalcon    20,471 posts
    some are in very questionable stables...not crooks, just frigging hopeless......
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  • chocchoc    789 posts
    Talk about the Grinches that stole Christmas...
    Do it right and do your homework, and a Syndicate can be a great entry level initiation into ownership.
    As always, caveat emptor - but dont discourage the dreams, hopes and aspirarions of many - our industry thrives upon it.
    See you at the Sales - Merry Christmas.

    Ridersonthestorm33, Jordan likes this post.

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  • thefalconthefalcon    20,471 posts
    bruce saxilds oz racing is recommended. bruce is as straight as a die, keeps you well informed and has good trainers...some better than others.
    but for bruce as a man....100%.
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  • Thoroly_BreadThoroly_Bread    2,348 posts
    I hate money lets get into it!

    Ridersonthestorm33, Carlosa, RIO likes this post.

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  • Ridersonthestorm33Ridersonthestorm33    10,930 posts
    It would be nice to be involved a good horse. I'm sure a lot of people have enjoyed syndicate ownership. It is easy to be negative I must admit. Caveat emptor is the key.
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  • Thoroly_BreadThoroly_Bread    2,348 posts
    edited December 2014
    You don't need to pay massive syndicate costs... find a horse you like at the sales see who buys it approach the trainer that buys it say you want a share you will pay your share plus GST and insurance I get 1 or 2 a year and have been mildly successful sometimes I will buy a cheapy myself and race it but best bet is to approach a trainer post sale but be quick
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  • LeglessLegless    5,108 posts
    edited December 2014
    Some people spend there $$$ pissing it up against the wall - some on fast cars, fast women, fast boats and some on horses.
    Depending on numbers, cost etc etc @CPL  I might be interested. Have been plugging away at it for years with moderate success - its not all doom and gloom as some would have you believe.

    I think to be a "syndicate" as such there are some pretty stringent rules.

    Better off getting a bunch of like minded people together and managing it yourself

    Carlosa, RIO likes this post.

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  • Thoroly_BreadThoroly_Bread    2,348 posts
    I say the same things to my friends legless they say I'm mad the money I piss away racing horses but they all have fast cars etc that's there passion this is mine

    Legless, RIO likes this post.

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  • Thoroly_BreadThoroly_Bread    2,348 posts
    PS I'm keen let me know I have a few people on the inside that could give us a hand no doubt there are a lot of people like that on here..

    RIO likes this post.

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  • SLIPPERGOLDENSLIPPERGOLDEN    8,411 posts
    edited December 2014
    Relative just spent 250K on a car. I don't care what the car is I just can't relate to it.

    Thoroly_Bread likes this post.

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  • thefalconthefalcon    20,471 posts
    mate of mine did too slip, but he can well afford it.
    I would not mind getting a nag with dave Harrison.
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  • SLIPPERGOLDENSLIPPERGOLDEN    8,411 posts
    Yes mine can well afford it. Has 14 other cars...likes a day at the races but I can't talk him into buying a racehorse or three.
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  • Ridersonthestorm33Ridersonthestorm33    10,930 posts
    Jim Taylor for me. Seems to place his horses to perfection. Hard working and astute , and what I like most if there not up to it he doesn't seem to waste his time with them. Have been surprised how little of him is mentioned on PTT.
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  • SLIPPERGOLDENSLIPPERGOLDEN    8,411 posts
    Fair comment Rider. He doesn't get the accolades some others get on here
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  • thefalconthefalcon    20,471 posts
    smart cookie, slip.....you want to be his manager...sort of a damo mk2?
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  • thefalconthefalcon    20,471 posts
    jim t is a VERY good trainer and knows how to place them to get the maximum return..not like a lot of idiots out there.....look how he placed barakey....unreal!!
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  • GLAMOURGLAMOUR    870 posts
    Not only Jim Taylor,i think there is a few trainers out there,with a pretty good syndication record.
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  • ChelseaChelsea    1,369 posts
    edited December 2014
    Jim Taylor
    Dan Morton
    Dave Harrison
    Gino Polletti
    They are the experienced trainers I would go to.They are all very Approachable I'm sure they would point you in the right direction.
    A couple of younger trainers who I consider show potential.
    Dan Pearce
    Brent Albuino
    Are also ones I would consider
    I currently have 6 horses in work 3x3yo with a total of 4starts I will be very surprised if all of them don't win races between them 2x2yo yet to race but both show plenty of promise and 1x4yo who is racing at Ascot on Saturday.
    I have used one of the younger trainers for one of my 3yo.

    Thoroly_Bread, Ridersonthestorm33 likes this post.

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  • CPLCPL    632 posts
    Every syndicators website I looked at last year never really had that top stallion prospect only well written jargon until I looked up the mares record and it was disappointing at least.
    One horse stuck out but the price was not yet advertised and it's age indicated it was in full work which makes me think there gauging it's ability first before they decide to syndicate it because it's low par or take it down because it's got good ability.
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  • rickrick    487 posts
    see Robert and todd Harvey and tell them how much you have to spend they will find you a horse in your price range , and there training fees are quite fair , for me I would leave it up to them to place the horse and all that as they don't get up early each day to train slow ones and they are very good with the owners , if you require more info call todd harvey

    Chelsea likes this post.

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