Unregistered Syndicator

[Forbury]

Andrew The Canary Fitzgerald a unregistered Syndicator has unleashed another of his world famous stooges on INNOCENT Trot fans wanting to become race owners The Canary has been selling 1/1000 shares in the horse Smackdown which he purchased 10% 😂😂wow 😂😂

[PeterLambFan]

What’s the issue? I’m personally not interested in shares of that size but plenty might be?
 

[goldilocks]

Seems a good way to get a lot of younger people involved, and going to the races for a small outlay.The thrill of your horse winning is the same if you own 100% or 1000 %

[Nowornever]

All depends on the dollars and cents. Give us more details. Has he purchased for 10,000 and selling 1000 shares at 10 then what's the problem. If he is selling 1000 shares for 1000 then yes that is a money grab. More details

[Rangatira]

2 hours ago, Nowornever said:

All depends on the dollars and cents. Give us more details. Has he purchased for 10,000 and selling 1000 shares at 10 then what's the problem. If he is selling 1000 shares for 1000 then yes that is a money grab. More details

$150 for a 1/1000 th Share and $7 monthly fee per share 

[Nowornever]

12 hours ago, Rangatira said:

$150 for a 1/1000 th Share and $7 monthly fee per share 

So 10% bought for $10,000 and selling that 10% for $150,000. Yeh not convinced that horse is worth $1.5million dollars lol 😂

Well the people he is selling these to will not know the difference probably, good racket if you can get away with it.

Edited Thursday at 08:02 PM by Nowornever

[Spatchcock]

2 hours ago, Nowornever said:

So 10% bought for $10,000 and selling that 10% for $150,000. Yeh not convinced that horse is worth $1.5million dollars lol 😂

Well the people he is selling these to will not know the difference probably, good racket if you can get away with it.

it's 100 shares (10% of the horse) for $150 apiece ($15,000).

Perhaps you should apologise for your slander.

 

 

[Rangatira]

1 hour ago, Spatchcock said:

it's 100 shares (10% of the horse) for $150 apiece 

Spot on which values the horse at $150K.

Sold at the 2024 Auckland Yearling Sales as lot 44 for $70K

[Nowornever]

7 hours ago, Spatchcock said:

it's 100 shares (10% of the horse) for $150 apiece ($15,000).

Perhaps you should apologise for your slander.

 

 

I am not slandering anyone I am saying well done if you can get away with it

[AndrewFitzgerald]

On 17/10/2025 at 9:02 AM, Nowornever said:

So 10% bought for $10,000 and selling that 10% for $150,000. Yeh not convinced that horse is worth $1.5million dollars lol 😂

Well the people he is selling these to will not know the difference probably, good racket if you can get away with it.

It won't shock you, but none of your figures are correct. But you knew that when you wrote the comment.

23 hours ago, Spatchcock said:

it's 100 shares (10% of the horse) for $150 apiece ($15,000).

Perhaps you should apologise for your slander.

 

 

Spot on.

I don't really want to argue with the faceless names above, but for context, which is often lacking on this site.

That $15,000 covered the horse share purchase, syndication fee, accounting/credit card processing fees, and 2 months of training.

The monthly fee covers a management fee and a pool to cover every cost you can think of. With the filly likely to travel to Auckland and Australia next year, those costs will be bigger than your normal R40 horse. 

Owners prefer fixed monthly bills; it's easier to budget and set up an auto-payment each month. Not the first to do them, in fact, when I was with Stonewall back in 2019, that's what we implemented, and they've continued to do so to this day. If you take a look at some of the galloping micros that have launched in the last few years, their admin fees are through the roof compared to my $2 +GST per share, per month.

Shares sold out in under 24 hours in this girl, 62 owners involved who all have a reason to get to the races, or a reason to turn the TV from Rugby to racing, even a reason to have a bet if they don't already. All for just $150. 

This Filly would have been lost to Australia if we, plus the other new owners, hadn't bought out the 50%. So that's one less horse getting exported and lost to racing numbers desperately needed in NZ.

Times are changing, and Micro-Share Syndicates are playing their role in bringing owners back to the races and driving turnover. That's what I'm doing to try to keep this industry alive - Love to hear what the complainers on here are doing apart from sitting behind their computer talking shit.

[Gammalite]

50 minutes ago, AndrewFitzgerald said:

I don't really want to argue with the faceless names above, but for context, which is often lacking on this site

Your post itself is aggressive enough.

showing a few of the Pro's and Con's of micro-Syndicate racing.  mainly the 'Con's'.😉 

Having 62 owners involved in a matter of hours ? is enough room for error as it is. when you wouldn't know the history of those characters , while just trying to cover a few of Your 'Fees'.  

People don't get on that well Andrew. and the experience of racing is spose to be Fun. you only have to look at how they talk about , and to each other on these racing forums 🤣 dead-set nasty sometimes. Your Post today not very 'warm' either with people you don't even know lol. telling people they're talking shit lol. just the sort of thing likely to pop up in the faceless micro Syndication too 😆

I have a few Pro ideas that are and did work  much better than silly Micro Syndication ever could . the ATC tried that sort of thing one time (ATC racing syndicates)  and it failed.  It's because it's a system with that many flaws you'd just put it in the CON bin.  

[Chief Stipe]

1 hour ago, AndrewFitzgerald said:

I don't really want to argue with the faceless names above, but for context, which is often lacking on this site.

 

You should try the other sites and FB for lack of context and accuracy!!!

[Chief Stipe]

1 hour ago, AndrewFitzgerald said:

It won't shock you, but none of your figures are correct. But you knew that when you wrote the comment.

Spot on.

I don't really want to argue with the faceless names above, but for context, which is often lacking on this site.

That $15,000 covered the horse share purchase, syndication fee, accounting/credit card processing fees, and 2 months of training.

The monthly fee covers a management fee and a pool to cover every cost you can think of. With the filly likely to travel to Auckland and Australia next year, those costs will be bigger than your normal R40 horse. 

Owners prefer fixed monthly bills; it's easier to budget and set up an auto-payment each month. Not the first to do them, in fact, when I was with Stonewall back in 2019, that's what we implemented, and they've continued to do so to this day. If you take a look at some of the galloping micros that have launched in the last few years, their admin fees are through the roof compared to my $2 +GST per share, per month.

Shares sold out in under 24 hours in this girl, 62 owners involved who all have a reason to get to the races, or a reason to turn the TV from Rugby to racing, even a reason to have a bet if they don't already. All for just $150. 

This Filly would have been lost to Australia if we, plus the other new owners, hadn't bought out the 50%. So that's one less horse getting exported and lost to racing numbers desperately needed in NZ.

Times are changing, and Micro-Share Syndicates are playing their role in bringing owners back to the races and driving turnover. That's what I'm doing to try to keep this industry alive - Love to hear what the complainers on here are doing apart from sitting behind their computer talking shit.

If some here think your syndication model is something to complain about they should check out the FRAC Club!  Yours seem very fair by comparison.

[Withadream2]

18 minutes ago, Gammalite said:

People don't get on that well Andrew. and the experience of racing is spose to be Fun

I think your post is quite unfair.  I can see why Andrew would get frustrated with the inaccuracy of the original post.  I think syndication is a positive initiative in getting people involved, and we really need to do that to survive.  I don’t know Andrew very well at all but am well enough acquainted with him to say hello if I see him in the stables. I’ve always found him quite friendly. 

[Gammalite]

1 hour ago, Withadream2 said:

 I think syndication is a positive initiative in getting people involved, and we really need to do that to survive.

there is so much to that , it involves chapters rather than sentences. the Pro's and Con's of Syndication.

Kerr was a good con there in NZ . but an isolated case.

Usually Micro shares involve people (micro-share holders)  getting a Mass e-mail once a week , with a small video of the horse. " oh look  here he/she is going out for a jog , coming along nicely" .  This is even the case for the common 20 share horses. People are conned into that share because a 1/20th share gets your name in the Racebook. so they think they are real owner (who can make decisions regarding the horses career ) THEY CANNOT. it's a con. 

Of course the Galloping world is Full of such cases. But in harness , the horses are just not worth that much , and race for peanuts.  64 owners is ludicrous to be honest. 

Much much much better to syndicate horses to Family members and people you KNOW , and turn it into a fun family experience. Exactly what the great man Nigel Armstrong does there in NZ. is a much better experience. The syndicate manager can take care of the owners , and take care of the bill payments etc. and all the fun things involved in racing a horse can happen. I used to get my owners to come along Sundays and have Family photo's with their horses and take off em' for a grass pick and that . they loved it . A family pet almost.  

150th of a 10th share ??  . with dozens of strangers ?? automatic bank deductions for costs  ??  you've got to be kidding ?? if it has come to that for harness to survive NZ . no bloody way. 

At least TOP NZ harness men Tony Herlihy and Barry Purdon put their wives in with a share in a lot of their horses with family and friends , and do it properly to make it a fun experience , as opposed to a micro-shares money grab like the case on this thread.  

 

[the galah]

1 hour ago, Withadream2 said:

I think your post is quite unfair.  I can see why Andrew would get frustrated with the inaccuracy of the original post.  I think syndication is a positive initiative in getting people involved, and we really need to do that to survive.  I don’t know Andrew very well at all but am well enough acquainted with him to say hello if I see him in the stables. I’ve always found him quite friendly. 

personally i saw why gamma said mr fitzgeralds post was aggressive enough.It seemed a fair comment after reading  mr fitzgeralds comments about "the complainers on here talking shit".

Mr fitzgerald gave a very good reply ,then ended it with an unnecessary generalised swipe,seemingly at  what could include everyone who posts on here. i couldn't quite see the point in that.

Anyways good luck to mr fitzgerald and his syndicate. Those who organise the syndicates deserve a lot of credit for the effort they put into helping sustain the industry.Him included.i don't know him but from what i've seen he seems a freindly bloke just doing his best and certainly isn't out to rip anyone off.

the horse,smackdown is a prominsing filly and has been highly rated by s reid,although it hasn't  delivered on the wrap reid put on it at this point.. Maybe it will,maybe it won't. My guess it will all come down to how he places it. Reid seems to like to run his horses in the big races on the big days and when you do that you aren't really maximising their earning potential if your running around having hard races and only running a nice 5th. But some owners seem to be more about running in the big races than earning potential and thats up to them.

[Chief Stipe]

1 hour ago, the galah said:

personally i saw why gamma said mr fitzgeralds post was aggressive enough.It seemed a fair comment after reading  mr fitzgeralds comments about "the complainers on here talking shit".

Mr fitzgerald gave a very good reply ,then ended it with an unnecessary generalised swipe,seemingly at  what could include everyone who posts on here. i couldn't quite see the point in that.

 

I saw nothing wrong with any of his posts and I understand fully his reaction.  As well all know @Forbury goes off from time to time and generally talks absolute rubbish.  I also understand how frustrating to those active in the industry of the constant negativity from some in  NZ Racing at the moment. 

I've experienced first hand how it turns off new participants really quickly even those having an enjoyable and very successful time.  Thankfully they've learnt to avoid those people on course and certainly have nothing to do with racing social media.

[Brodie]

We need more and more owners for harness racing to survive in NZ.

Canterbury are very lucky to have enthusiasts who give up plenty of time to run syndicates and try and entice new owners in go racing!

Nigel Armstrong and Andrew Fitzgerald are doing a great job in in regards to this.

Andrew gas a lot more horses being races under his Off n Racing banner , both harness and gallopers.

He always explains what the buy in cost is and the monthly charges, and he doesnt have any trouble in selling out the shares in the horses.

If you dont like the terms then dont buy into it, and clearly HRNZ has no issues in what he is doing!

personally dont think we should be knocking enthusiasts who are genuinely trying to help harness racing.

Stonewall also syndicate some of their horses with plenty of owners and their costs and charges are a lot more expensive and yet they havent been mentioned?

Edited 10 hours ago by Brodie

[the galah]

3 hours ago, Chief Stipe said:

I saw nothing wrong with any of his posts and I understand fully his reaction.  As well all know @Forbury goes off from time to time and generally talks absolute rubbish. 

well you quoted me .

So your saying forbury has a history of posting,to use your words."absolute rubbish".And at the same time, your saying you fully undertsand why someone would get upset about forbury's posts. Those comments combined like you have, seem to illustrate a lack of perspective by you and the person getting upset at forbury's comments.

 

3 hours ago, Chief Stipe said:

 I also understand how frustrating to those active in the industry of the constant negativity from some in  NZ Racing at the moment. 

I've experienced first hand how it turns off new participants really quickly even those having an enjoyable and very successful time.  Thankfully they've learnt to avoid those people on course and certainly have nothing to do with racing social media.

so you run a racing social media site and are thankful new particpants have nothing to do with racing social media.

so i guess that means you think most who contribute on your site are full of constant negativity. 

interesting. Then shouldn't we be blaming you to a degree because your enabling the negativity.

Also,its nice you that you have observed the succesful people having an enjoyable time, are managing to avoid the constant negative people on course. Let me guess,a sign of the ones having a successful enjoyable time will be they won't be on social media.

Edited 8 hours ago by the galah