FROG II
Meet the new FROG II horse
John Best Racing and Folkestone Racecourse continue partnership
Folkestone Racecourse Owners Group (FROG) aims to offer the benefits and privileges of racehorse ownership with reduced financial risk.
The owners group will comprise of a maximum of 120 shares. Each owner will have an equal share in 3 yr old Boris the Bold, placed on second outing New Year's Eve 2011. Librettist had a win strike rate of 70%, he not only won G1 races but won them back to back in France over 8f and accumlated a prize fund of nearly £415,000. His highest timeform rating was 124.
Video courtesy of John Hoy www.hoycubedphotography.com.
Owners will:
- have the advantage of an all inclusive upfront payment with no ongoing or hidden costs
- enjoy any profits from winnings and proceeds from the sale of the horse as these will be shared amongst the owners
- exclusive use of a hospitality suite when the horse runs at Folkestone or Lingfield Park (subject to availability and excluding food and drink)
- be able to visit the yard and watch the horse on the gallops and developing in its training
- be supplied with complimentary owners badges when available, allowing free entry for the day
- have access to the parade ring, with the opportunity to talk to the trainer and jockey
- receive newsletters/photos when appropriate containing information on the horse's progress
- receive regular communication with details of where and when the races are to take place, along with times and jockey bookings
How it works - download more information here
Folkestone Racecourse Owners Group will run from 21/04/2011 to 20/04/2012.
Each partner in FROG makes a single payment of £555. This will cover costs such as:
- purchasing the horse
- training fees
- farrier's fees
- vet's fees
- jockey's fees
- race entry fees
- transport
There are no hidden extras!
As the horse runs and hopefully wins, John Best will constantly assess his value and choose the opportune time to sell. This could be at any point during the term, in the best interest of the owners, in order to maximize profit or minimize loss. A decision will be made before the end of the term as to where and when the horse is sold. This is likely to be at a public auction.
After the end of the term, each owner will receive his or her share of the proceeds from the sale of the horse (net costs), plus their share of the prize money accumulated. Depending on the circumstances, there could possibly be an option for those owners interested, to buy back into the horse for a further year. Further details will be issued nearer the time.
There will be a Racing Manager who will be in touch with information about entry/declaration and race details. Any questions please contact Helen Williams 07502 168268 or email owners.group@folkestone-racecourse.co.uk.