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Horses Available

Keep The Faith/Tortola 2 year old Chestnut Colt

Tony’s thoughts: I purchased this colt at the Melbourne Premier sale for $31,000. I currently have a Keep The Faith filly in work at home which has impressed me and encouraged me to look at the Stallion.

I had some background information on the mare that this colt is out of. The two previous colts out of this mare have been sold off trials to Hong Kong. They were both trained at Mornington by Alan Waymouth and I was able to observe them in their work and then realised that they had been sold for very good money on the basis of their ability that they had shown in their trials. Alan Waymouth was in fact under bidder on this colt when I purchased him.

This horse is a very strong type of 2YO he is not over big and gives the impression that he will go early. He is super vobis qualified which is a bonus for those horses that are likely to race at 2YO. He is a nice horse for not a lot of money and I think that we would find out pretty early if he has got enough ability to race or not. I don’t think that the ongoing costs would be long on him if he is not worthwhile keeping and racing.

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Pedigree

More Than Ready/Crave 2 year old Bay Filly

Tony's thoughts: I purchased this filly out of the Sydney Easter sale for $200,000. I was really impressed with this filly from the outset and she has a wonderful walk on her. She has got a very strong hind quarter on her and looked very athletic and I thought that she was one of the best More Than Ready fillies at the sale, she was without doubt one of my top lots. She is typical of the sire in her colouring and size.

I think that being out of a Grand Lodge mare gives her the scope that she will more then likely race at 2YO and then hopefully be able to train on to middle distance. She has got the ability and I think that she is of great quality. The mare is in foal to More Than Ready again and the first foal has already shown very good ability at the track and looks to be of stakes ability. There looks to be a lot of upside to this filly down the track.

Horse Shares

There are a lot of options available for racehorse ownership. You can enjoy the thrill of seeing your horse race and hopefully win without having to pay large amounts of money.

The options are listed below, if you would like to discuss which suits you best please call Jill Murphy in the office.

Sole ownership

Going it alone means you reap all the rewards and have control over key decisions. You will get the total prize money, less trainer and jockey shares, as well as being able to make an acceptance speech and display the trophy on you mantelpiece. Ownership does however mean you carry all of the costs alone.

Joint ownership and Partnerships

Up to ten people can jointly race a horse. The joint owner whose name is listed first on the ownership or lease documents will be the official manager of the joint owners or partners under the Rules of Racing.

Each joint-owner or partner's name appears in the racebook as a registered owner and each is entitled to race day ownership privileges which give access to members' enclosure and mounting yard.

Joint ownership has a tremendous dual benefit. On one hand, you will share in the excitement with a group of friends and at the same time you split the costs.

Syndicates

Up to twenty people can jointly race a horse if they register as a syndicate under the Rules of Racing (a company can also be registered as a syndicate). Only the syndicate manager's name appears in the racebook along with the syndicate name.

Owning vs Leasing

Ownership is when you, your partners or syndicate purchase a horse. From the time you purchase you are responsible for the horse's welfare, training, upkeep and all costs. In turn, you are entitled to all the prizemoney less the mandatory trainer and jockey payments.

Leasing does not involve an upfront purchase price; instead you agree to "rent" a horse from an owner for a set period of up to three years. Throughout the term of the lease you are considered to be the owner and required to pay all costs associated with racing the horse. You will pay the lessor an agreed rent (usually around 25-30%) that may include a percentage of stakes money less trainer and jockey payments. If you lease a horse both parties need to sign a lease agreement that can incorporate special provisions such as giving the lessee an option to purchase the horse for an agreed amount.

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