SLB2.0 Posted April 27, 2020 Share Posted April 27, 2020 Hi guys. Hoping to get some feedback on racing ownership and your preferences. 1) Would you prefer to pay a few thousand + monthly costs of around $180 to have a 5-10% share in a horse... or 2) Pay a one-time $200 fee and then monthly costs of around $18 to have a very small share. (roughly 0.3-0.5%) Option 1 could see a possible positive return on investment Option 2 sees you getting 100% of your share returns, but because those will be small, it's more about the enjoyment of owning a horse and having the social aspect to go along with it. Both options have their positives and negatives, but in the current NZ racing climate, the second option could appeal to those that don't want to invest thousands. Any opinion is greatly appreciated! Quote Link to comment Share on other sites More sharing options...
Chief Stipe Posted April 27, 2020 Share Posted April 27, 2020 Do you own the horse in both cases? That is if the horse is sold to say Hong Kong do you share in the sale? Quote Link to comment Share on other sites More sharing options...
SLB2.0 Posted April 27, 2020 Author Share Posted April 27, 2020 Yes. 100% of the winnings are paid to all members of the syndicate, even if you have a 0.1% share. If the horse is sold, the funds are divided between members according to their percentage. Quote Link to comment Share on other sites More sharing options...
Huey Posted April 28, 2020 Share Posted April 28, 2020 Option 1 for me, I wouldn't want to go in a horse that was owned by SLB 2.0 Syndicate No.5 (just an example) , I presume the first option you'd at least get your name in the book? Quote Link to comment Share on other sites More sharing options...
SLB2.0 Posted April 28, 2020 Author Share Posted April 28, 2020 Indeed, which is the case with 99% of syndications. I guess it comes down to what you can afford and why you want to own a horse. Quote Link to comment Share on other sites More sharing options...
Huey Posted April 28, 2020 Share Posted April 28, 2020 2 hours ago, SLB2.0 said: Indeed, which is the case with 99% of syndications. I guess it comes down to what you can afford and why you want to own a horse. Well there is your answer . Both options work. Some are happy to be one of 500 owners in MB and JE and others like to share it with a smaller group where they get to have a bit of a say. 1 Quote Link to comment Share on other sites More sharing options...
SLB2.0 Posted May 14, 2020 Author Share Posted May 14, 2020 I'm guessing everyone has lost confidence in horse racing ownership in NZ? I might have to set up shop in Aussie..... Owners... would you buy into a horse in this current climate? Quote Link to comment Share on other sites More sharing options...
Kopia Posted May 14, 2020 Share Posted May 14, 2020 25 minutes ago, SLB2.0 said: I'm guessing everyone has lost confidence in horse racing ownership in NZ? I might have to set up shop in Aussie..... Owners... would you buy into a horse in this current climate? No. I made that decision last year when I moved to Sydney. I said it here too. The writing was on the wall years ago. Now I'm hearing stakes in NZ for next season are worse than you thought....lucky to see $100k for a G1!! Thats whats on the table. Think about it-NZ black type racing is already questionable in Oz...whats it going to look like soon? Quote Link to comment Share on other sites More sharing options...
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