Raptors and The Frac Club - a sign of the times? Bad or good?

[Chief Stipe]

I see there is a number of of new entrants into the syndication market.  Complaints in the past about the syndication of horses have been focussed on the purchase price markups.  Some do some don't markup the yearling purchase price.

But the new entrants have taken the markups to a new level with 50% or even triple figure markups.  Your thoughts?

For example:

The Frac Club
https://racehorsesnz.com/

Or Raptors
https://raptors.co.nz/

[Special Agent]

I guess potential customers enter with open eyes.

Maybe these syndicators use a "Starbucks" philosophy.

[Huey]

Both look terrible , horrible concepts.

Fake ownership .

[Chief Stipe]

Well I'm guessing at least one of the Trainers doesn't know about it.

More to come...

[Chief Stipe]

I researched a couple of these horse at Raptors.  The actual purchase price is nearly double the actual price from the yearling or R2R sales.  The % available is also described as a Lease not actually a ownership share.  In most cases the current syndicates are full ownership shares not leases.  Raptors charges $39.90 (half price) per 1% lease share per month and takes 25% of any stakes won.  Presumably that is over and above trainer and jockey %.

 

[Murray Fish]

https://www.girlsgetracing.co.nz/?utm_medium=paid&utm_source=fb&utm_id=120225095399750710&utm_content=120225456563380710&utm_term=120225456563390710&utm_campaign=120225095399750710&fbclid=IwY2xjawKhsztleHRuA2FlbQEwAGFkaWQBqyB-vqkW1mJyaWQRMWlJTzRrVXdvMUJBanpnNUIBHqtkm-2TtfDDSijDIy8D2wJkraJF75EVSiZpLxD6kDBsaiWLmU7nRJkKEiWk_aem_p94PFTG4RXRLEbREbmPFgw

[Chief Stipe]

This one is interesting.

https://raptors.co.nz/product/lot-992-karaka-yearling-sales-2024/

Bought for $20k but the lease shares are being sold based on an $80k price.

15% commission on prize money.  $39.90 (half price) per 1%/monthly fee.

https://www.nzb.co.nz/sales/24kbb/992

No trainer registered at NZTR.  Supposedly a rising 3yr old colt.

Perhaps their website is put of date.

 

[Huey]

2 hours ago, Chief Stipe said:

This one is interesting.

https://raptors.co.nz/product/lot-992-karaka-yearling-sales-2024/

Bought for $20k but the lease shares are being sold based on an $80k price.

15% commission on prize money.  $39.90 (half price) per 1%/monthly fee.

https://www.nzb.co.nz/sales/24kbb/992

No trainer registered at NZTR.  Supposedly a rising 3yr old colt.

Perhaps their website is put of date.

 

A fantastic opportunity for you to get involved in racehorse ownership chief, if its no good you can put it in the "pony" scurry races!

[Chief Stipe]

19 minutes ago, Huey said:

A fantastic opportunity for you to get involved in racehorse ownership chief, if its no good you can put it in the "pony" scurry races!

Fails the age and height test.  Actually fails the sniff test as well.