New Members- Welcome To Talking Horses

  • Thread starter Thread starter Ardross
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We're trying to run Racing Republic as a commercial venture, although 'profit' seems a long way off at the moment!

In our marketing material, and our syndicate agreements, we try to be absolutely transparent about the economics. Unlike some other operations, we do not make a turn from the orginal purchase of the bloodstock or from the monthly training/running costs. Instead we charge a set annual mangement fee (approx £7,500 per syndicate) and a performance fee based on prize money and resale value (5% of prize money - of which we donate 1% to racing charities and 5% of any profit from resale).

The high monthly costs probably stem from the trainers we are using, People like Mick Channon and Richard Hannon are not cheap - approx £48 a day for basic training fees and clearly you need to budget for vets fees etc on top of this. Built into the costs are also budgets for insurance, hospitality, BHB registration etc.

There are clearly cheaper syndicate operations around, but at least with us you know exactly how much your horses cost and that they are going to be trained at a quality establishment. With good bloodstock selection and good trainers the hope is that there will be a better chance of recouping some of the outlay.

My difficulty is getting this message across effectively!
 
Welcome to the forum Halewi.

Unfortunately, you may find that there is just not that much disposable income around at the moment and perhaps people that are involved in syndicates already have horses in training for their flat season. Perhaps the NH season will prove to be better for you. I have looked at your website and it is very impressive and I can see you have spent alot of money on this venture.

I am managing a (very) small syndicate at the moment, strictly non profit making, and it is very hard work getting the right combination of trainer, horse, location, cost etc. but I now think I have got it just about right although it has not all been plain sailing especially when I am trying to run a business too.

Best of luck though as you seem to have got all the right ideas.

Kathy
 
Hi,

I've just joined. I work for a betting exchange, so will be popping in from time-to-time to pick people's brains about tv coverage and the like.

Fred
 
Originally posted by Poppa F@Jul 1 2005, 10:52 AM
Hi,

I've just joined. I work for a betting exchange, so will be popping in from time-to-time to pick people's brains about tv coverage and the like.

Fred
You don't work for Davies, do you? :D

Welcome anyway.
 
Good Morning.
It is rumoured that this site is the bees knees.

Looking forward to tasting the honey. :)
 
I see we have another new member: 'The Rail Bandit'. Love it! :lol: :lol: Welcome, Bandit - we look forward to your posts.
 
Hello Des.

Welcome to the Forum.

I look forward to reading your contribution.
 
The Rail Bandit is a friend that I've recommended to the site . He picked Ansar out last week and I did'nt take the hint :rolleyes:
 
:) Hello everyone. This looks an excellent site. Thanks to Solerina for steering me in this direction. Looking forward to the new jumps season & getting plenty of pointers from the good folk at talking horses. Hopefully I can use this information to help me in my next tour of duty in Nam (Chelten'am!!)
Cheers T R B :brows:
 
Originally posted by The Rail Bandit@Aug 4 2005, 08:27 PM
Looking forward to the new jumps season
Oh, me too, TRB - welcome to the site! It can't be that far off now; discussing booking holiday time at work & we're talking October/November/December already - PP & Hennessy time! :D B)
 
Welcome to all new members.

Really looking forward to the new jumps season, though particularly to seeing Kicking King and Best Mate at Haydock (fingers crossed).

Martin
 
I like horses, but not to race them. Do ya know what I meant? And i'm not just talking about kissing them.
 
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