Ready to run sale Syndicate

I think Craig is more than qualified to determine if the horse will be ready to run or not and would advise accordingly

If Craig + Syndicate is willing, I will offer to ride 1st time out for win/place% of stakes only and deposit my Nett riding fees towards stabling fees...

EMPERORS PALACE NATIONAL READY TO RUN SALE 4th NOVEMBER
A HISTORY OF PRODUCING LEGENDARY RACEHORSES

There have been many high-class horses to have come off the Emperors Palace Ready To Run Sales who continue to prove the unprecedented success of this sale ,and it’s ability to unearth true racehorses.
One of the most remarkable triumphs for the Ready To Run Sale occurred in the Vodacom Durban July 2011, where graduates Igugu and Pierre Jourdan ran 1-2 in South Africa’s most famous race.Igugu would later go on to be named Horse of the Year.
A R1 million purchase at the 2009 Emperors Palace Ready To Run Sale , Igugu became the first filly ever to win the Triple Tiara, and went on to win the J&B Met. To date, she has earned over R6.7 million with the promise of plenty more to come!

From Igugu, to one of the great bargains of the sale, Pierre Jourdan. The latter cost just R60 000 at the 2008 Ready To Run Sale, before embarking on a career which saw him become a beloved Highveldt champion. Pierre Jourdan, to date, has won five feature races and over R4.5 million in prize money.

The list goes on and is proof of a well- established successful sale that has proven itself over and over again as a great place to buy champions.
Last year’s graduates are still just two years old, and, yet, there have been a number of very promising performers to emerge.

Rock of Arts (Rock of Gibraltar – Dash On Ruby) was a colt who fetched R850 000. He subsequently made a winning debut to stamp himself a horse to follow for owners Mr and Mrs Chinsammy. He subsequently ran third to the talented Desert Sheik, before taking on G1 company in the Golden Horseshoe.

Another smart looking 2yo to make a winning debut from the 2011 Emperors Palace Ready To Run Sale was Cape Royal, bred by Cheveley Stud.
The colt, by Royal Academy – Dubai’s Fairy, topped the Sale, where he fetched R1.5 million. He subsequently broke his maiden by over six lengths first time out for Lady Christine Laidlaw, and looks a potential star in the making.

Yet another classy 2yo to emerge from the Ready to Run Sale last year was Indaba My Children (Tale of the Cat – Hampton Rover). One of the more promising babies around, the R600 000 purchase Indaba My Children has won twice in five starts and was second in the G3 Godolphin Barb Stakes.





Another top-class 2yo to graduate from this sale is Dylan’s Promise (Dylan Thomas – Madonna). Owned by the Fire Racing Trust in partnership with Mr Chetty, Dylan’s Promise has won two of four, with her wins including the Listed Devon Air Stakes. She is a filly to watch for the future.

Yet another 2yo to graduate from the 2011 Emperors Palace Ready To Run Sale to make an impressive, winning debut is Lonsome Dove (Trippi – Western Hour), bred by Klawervlei Stud. She made a facile winning debut for champion trainer Mike de Kock, and looks a very smart filly.

Extra Zing (Carpocrates – Linsumi), from the first crop of her sire and bred by the Middlefield Stud, won a good race on debut recently, beating another RTR graduate, Negev (Stronghold- Haifaa). Negev, owned by Messrs Comaroff, S Reid, B Parker and M Wilken, subsequently franked the form with a fluent 3.25 length win next time out.

The beautifully bred Emaliyami (Rock of Gibraltar – Elusive Kash) stamped herself as one to follow for the future when scoring a facile win at Scottsville recently. Owned by Sheikh Bin Khalifa Al Maktoum, the 3yo filly was consigned to last year’s sale by Summerhill Sales. With powerful connections, and a world class pedigree, this filly could be anything.

Another smart looking daughter of Rock of Gibraltar to have been sold at the 2011 Emperors Palace Ready To Run Sale is the Geoff Woodruff trained, Ilha da Rock (Rock of Gibraltar – Les Ry Leigh). Fourth in the G2 SA Fillies Nursery as a maiden, Ilha da Rock subsequently broke her maiden by nearly four lengths – when sent off a 5-1 ON shot. Owned by Mrs Devachander and Mr Mathen, Ilha Da Rock was then rated good enough to take on a top field in the G1 Golden Slipper on July day. Consigned by Summerhill Sales, Ilha Da Rock was a R900 000 buy.

With a number of well bred horses as yet unraced, and several youngsters who have placed in their only starts to date, the list of classy performers from the 2011 Emperors Palace Ready To Run Sale can only continue to grow.

The graduates of the 2011 Emperors Palace Ready To Run Sale are eligible to race for an incredible R2.5m in the Sweepstakes Race on 3rd November which will be the stuff of dreams for some lucky buyers from last year’s sale.






RECENT WINNERS FROM 2011 RTR

Authenticated
Bingelela
Catalonia
Dalalaat
De Var Huyt
Dylan’s Promise (stakes winner)
Emilayami
Extra Zing
Flying Foo
Guided Arrow
Ilha da Rock (G2 fourth)
Indaba My Children (Stakes placed)
Macavity
Men And Mountains
Miss Africa
Negev
Que Bonita
River Tyne(Stakes placed)
Sammy Silver
Sweet Destiny (4th in G3)
Tealion
True Imperium
Victory Call

To all those connections who have a 2011 RTR Sale graduate with a chance of winning the 2012 Emperors Palace National Ready to Run R2.5m Sweepstake it is now time to get very excited.This could be richest prize you ever race for ,and that surely is enough to get the adrenaline flowing already. The stakes are paid up to the 10th runner which makes this race even more exciting - stakes paid as follows:
• 1st = R1,100,000
• 2nd = R500,000
• 3rd = R300,000
• 4th = R150,000
• 5th = R100,000
• 6th = R90,000
• 7th = R80,000
• 8th = R70,000
• 9th = R60,000
• 10th = R50,000


For those of you who want to buy a ticket to race for R2.5m next year please make a date of November 4th to come and unearth your future champion at this year’s Emperors Palace National Ready to Run Sale.
This year’s gallops will be at Turffontein on Wednesday October 10th and on Friday 12th October at Summerhill Stud.
We encourage as many of you as possible to come and be part of the atmosphere at these gallops as you get a grandstand view of the athletes on sale doing what they do best – galloping! What better way to test drive before you buy?
We also hope that you come and be part of the excitement at the Charity Mile Raceday at Turffontein on November 3rd and watch the drama of the Emperors Palace R2.5m Sweepstake unfold.
All details on www.tba.co.za or call us on 011 323 5700.

I am also interested in joining this syndicate

I am not sure if you have a structure in place to put the syndicate together.

If you allow me may I suggest the following structure.

the syndicate is in the form of a (pty) ltd

the reason for that is if a person wants to get out of the syndicate he just sell his shares and there is no auctioning to dissolve syndicate etc. We can ask an attorney to draw up a shareholders agreement where a shareholder agrees to offer his shares to the other shareholders for a certain time say 30 days thereafter he can sell to anybody outside the syndicate, any disputes about the selling price can be adjudicated by and independent arbitrator.

a shelve company ( that is a company that has not traded before) can be bought for R1000 a name change cost R200

The company would normally have 100 shares or 1000 shares. for purpose of this explanation we assume the company has 100 shares, if the company has 1000 shares then if a person bought one share he will have 10 shares for the same price.

for a start a person buys a share or as many shares he wants.I am going to work on a person who take one share.
The price of a share is R1200 (R1200 x 100 R120 000 average of R10 000 per month). With the share money we will pay our registration for colours, admin and bookkeeping costs as well insurance for the horses,this will cover admin cost for the next 12 months.
We can find a person who will do the admin for us and communicate with syndicate through news letters help with bookings at the racecourse if members want to attend the meeting and on big race day like next year when our horse runs in the big race help to arrange a place where we as syndicate members can get together, her salary will then be covered through the admin fund.

I would suggest that we go for 2 horses ( do not want to have all our eggs in one basket just now a horse get injured and then we have no plan .
R100 000 x 2 = R200 000 plus I think we should add in training fees for twelve months, I presume it will be around R5000 per month (Craig can confirm) that is = R120 000 total R320 000

thus we sell 100 shares at R3200. For each share a person buys he makes a loan of R3200 to the company( no interest payable, no fixed period for pay back), this loan will be written in the company books as a loan against the share holders name, the reason for this is if the horse wins then these loans can be paid back and the winnings/profit can be paid out as a dividend ( we can get advice from a accountant on this)
that means if the horses wins enough money we can actually get our original investment back and still have share in the horses.

So if a person wants to join the syndicate the cost will be R1200 plus R3200 =R4400 per share. (so if a person buys 10 shares that will be R44 000 which will give him a 10% share in the company)
that is not a lot of money and there is still 3 months to the sale so you can divide it by 3 That is R1500 for the next 3 months..

I do not think it will that hard to sell 100 shares as we will not need 100 share holder because some persons will take more than one share.
I am willing to take3 shares for a start but if i make a big win somewhere i will take more.

This is a suggestion but I feel with this structure we all no where we stand and what the cost implications is.

I would like to make a further suggestion, once this sale is past we can start to look at h future sales for instance we can decide to put money in for the yearling sales next year, if each shareholder contribute a further R1000 per month for Des, Jan Feb. March and April we can have another R500 000 to spend on the yearling sales.

I do believe that we need to also get some friends and family involved because this is a in expensive way to get new persons involved.

Looking forward to see your comments.

@James Blond - Just remember there are other costs associated with a Pty Ltd. I would defintiely get an accountant either into the syndicate, or at least have 1 that you know to lay out the costs. There are annual CIPC fees, MOI's need ot be completed now, audit fees (depending on your shareholding and directors) and trust me just alot of admin and hard work by using a company as a vehicle. It is however probably the easiest with regard to what you are wanting it for with sale of shares etc.

I am more than willing to help with advice where i can if you have any further questions.

Richie77 Wrote:

---

> @James Blond - Just remember there are other costs
> associated with a Pty Ltd. I would defintiely get
> an accountant either into the syndicate, or at
> least have 1 that you know to lay out the costs.
> There are annual CIPC fees, MOI's need ot be
> completed now, audit fees (depending on your
> shareholding and directors) and trust me just alot
> of admin and hard work by using a company as a
> vehicle. It is however probably the easiest with
> regard to what you are wanting it for with sale of
> shares etc.
>
> I am more than willing to help with advice where i
> can if you have any further questions.

Thanx Richei yes I know their is cost in running it in a (pty) ltd but IMHO this is the only way to run this, if you have a lot of people you must have a formal structure and in doing it in a (pty) ltd we will not land up in a situation like with Pierre Jordan where you have to do a auction to dissolve the partnership should a dispute arise.
I do think the R120 000 the company will get for selling its share will be enough to cover the costs for the first 12 months.

In this way everybody now where they stand and if a person wants out he sell his share.

If there just a few of us we just do a partnership..best way other than buying yourself..BUT the horse needs to be well chosen and able to win at least 2 races in a year and stay 1400m..Im not interested in buying sum thing that might or might not get into the R2R field again!

(We) have recent experience in the registration and management of a racing syndicate and will be able to facilitate the process, no need to employ a person to run the syndicate - Use someone who's already managing syndicates and only charge an admin fee.

a syndicate is run under a name, not necessarily in the name of a Pty, etc.

It is important to find the right horse and as you all know, this does not always depend on price, more on luck... Its best to decide where the horse will run, then choose a trainer and ultimately bank on the trainer to find the right horse for the syndicate.

I`m out

seems to be getting a little hectic and nothing is even cast in stone yet.......

hibernia Wrote:

---

> I`m out

Why?

Question to Bloodstock SA.... If you cant make the breezeups, is there a site where you could watch them and see the horses walk?