Horse ownership

Hi guys,

Just looking for Abit of info,I'm from Cape Town but live in Ireland and looking into buying a racehorse next yr,ideally I would like to get 1 or 2 more people involved but no more that 3 of us including myself.id be looking at each person putting in R100,000 so we have around R300,000 for the purchase of the horse and then splitting costs three ways monthly?now I might get friends from Ireland to buy into the horse or might look locally?my question to you is....would R300,000 get a decent horse and also what would we expect to pay monthly in regards to training fees?any info would be appreciated.

Well, R60k could get u the likes of Pierrs Jourdaan or JJ The Jet who both went on to win a few millions.. So I guess R300k could get u a decent horse..on the Contrary you could get a horse for a few millions and just win a maiden.. All depends mate..I'm nt to sure about keep,etc

Going with Tesco.... horse 400+kg @ R30 a kg...anything under R12000 a good buy...{runs and hides....}

my suggestion, stay out and rather buy more guinness....:)o

Get 3 @100k each: keep = approx. 7k p/mnth each.

Average price at 2012 C.P.Y.S- BOOK2 was R80 388.00.

Well you can split the 300k many ways - 2 x 150k, or 3 x 100k; or just get one for 300k - if you're looking at the National Yearling Sales, 300k is a little above the average price.

Regarding keep, it depends on where you want it stabled - in Gauteng certainly possible to keep it down to around R5k per month per horse - don't know aby KZN. PE and CTN.

Frankel96 Wrote:

---

> Hi guys,
>
> Just looking for Abit of info,I'm from Cape Town
> but live in Ireland and looking into buying a
> racehorse next yr,ideally I would like to get 1 or
> 2 more people involved but no more that 3 of us
> including myself.id be looking at each person
> putting in R100,000 so we have around R300,000 for
> the purchase of the horse and then splitting costs
> three ways monthly?now I might get friends from
> Ireland to buy into the horse or might look
> locally?my question to you is....would R300,000
> get a decent horse and also what would we expect
> to pay monthly in regards to training fees?any
> info would be appreciated.

The average price at the National Yearling Sale has been R234k and R241k, so R300k gets you average price at the sale fetching the highest prices.
The National 2 Year Old Sale averages have been R69k and R58k with highest prices of R650k and R350k, so there you're looking at close to the top end.
The Ready To Run sale averages have been R223k and R177k, climbing steadily in recent times.

Here's a link to an simple guide to ownership

LINK

and another that should should be read first!!

LINK

DONT do it:

1: your purchase WILL be a superstar, but it will need
1:1 time
1:2 gelding (even if its a filly)
1:3 better ground
1:4 Blinkers
1:5 luck
2: Starting stalls to open
3: No canines on racecourse
4: Craig Eudey to train
5: Stipes to have comon sense
6: you never ever post an anti establishment opinion on ABC
7: Hardest working jockey with a 1% strike rate to ride it

Frankel

I'm about to syndicate a few, will be trained by Mike De Kock, if your interested PM me your email address and I will send you more details.

If you know anyone who is a good judge of horseflesh and can recognise shrewd breeding strategy, buying a quality animal who will win races is not too difficult. Trouble is SA is not Ireland (up until Vincent O'Brien, the Irish had never SOLD a good horse!) and there are very few good judges of race horses here. Most of them are now dead.
But I have a suggestion for you. Get a good middle of the road trainer who won't charge you an arm and a leg and let hjim take you around to three or four respected breeders to negotiate the lease of two or three fillies. You will pay for the keep during the racing career of the horses and split the winnings with the breeder - normally 60-40 but it is strictly negotiable. The best part about this arrangement is that the horses race in your colours, you get all the kudos as owners,and immediately you own three or four horses, you stack the odds in your favour in terms of winners. Good breeders like to keep their top fillies for stud and will always be prepared to do a lease deal providing they like the trainer. Some will even lease their well-bred entires. e.g. Sea Cottage was leased from the Birch Bros by Syd Laird

Good luck - racing in South Africa is year round enjoyment.
.

rather buy a horse in training for 300k that has shown ability than spend it on a yearling that could be an absolute piece of shit