Kingsgate Racing
New syndicate for 2010
In recent years, we have purchased some promising yearlings which have appreciated in value very quickly. Overall, we always show a healthy profit over the two and three year olds' careers, provided the horses are sold when the best opportunity arises.
This syndicate will comprise one horse, a bay "Bahri" colt, and is aimed at reducing the risk to the individual owner to an absolute minimum.
Owners will:
- have the benefit of a one-off payment, with no monthly bills or additional costs
- be able to visit the yard and watch the horse on the gallops and developing in its training
- have the opportunity to go racing to many of our top racetracks throughout the year
- 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
Call John Best on 07889 362 154 or Helen Williams on 07887 500 777 for more information or to buy a share.
Syndicate rules
The syndicate will comprise the Bahri colt.
The syndicate will consist of six shares.
The syndicate will run from 1 January 2010 until 31 December 2011.
There will be one initial payment of £10,000. 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!
There may be a further payment on 31 January 2011 of a maximum of £5,000. This would be dependent on how much prize money has been won during the previous year.
John Best will decide when and where the horse will run and who will ride, though as this is such a small syndicate owners input will be welcomed.
Accounts will be provided to each owner no later than 31 January 2011 and 31 March 2012 to show the financial situation at the end of each year.
All monies due will be distributed along with the second financial report on 31 March 2012.
There will be a syndicate manager who will organise events, arrange ticket allocation, provide newsletters and inform all owners of progress, race entries, declarations and results.
Any owner can sell their share at any time, and it is their own responsibility to do so.
If any owner fails to make either of the required payments as detailed, within 30 days of the invoice date, the share will then be passed to John Best Racing Ltd at no cost.
John Best Racing Ltd will receive 5% of all sale proceeds, and the syndicate manager will receive 2.5% of all sales proceeds.
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