Details of Horse - Monkhair (IRE)
1/20th shares in Monkhair (including 3 years' membership of the Group 1 Racing 2010 Club) cost just £965 and £15 per month for (the first) 12 months (re-newable).
Please ring for a brochure, or download an application form. If you need to purchase immediately,
you can buy a 1/20th share in Monkhair on line through PAYPAL.
Please go to Join Club / Join online
Monkhair (IRE)
Foaled 23 Feb 2005, a bay mare by Monashee Mountain (USA) (6.8f) — Khairka (IRE) (Tirol (8.6f))
Purchased privately (17/2/2010), Monkhair was backward last year and has now grown and filled out and is ready to do herself justice over hurdles.
Her best effort (2/1/09) was a respectable 3rd at Folkestone off her mark of 87, but is likely to do much better this NH season!
70% is already sold, 6 x 5% partnership shares are available.
Details of New Horse 2010 - TBD
Our next partnership acquisition will be made by Group 1 Racing at either at the Tattersalls Autumn 2010 H-I-T sales, or at Doncaster Bloodstock 2010 HIT Sales or as a private purchase.
This year we will again follow the same profile as our very successful purchase of Lordship (IRE), targeting a slow maturing 2 year old, with a fine pedigree from a top yard.
If you would like to be involved in this purchase from the very start of the process, simply ring Club organiser Stephen Foster 01386 871904 to express an interest.
Basis of Partnership Agreement
The main details are set out in the "How do partnership horses work?" in the Question & Answers section of the web-site.
NEW PARTNERSHIP HORSE - For New Club Members
A share in this horse is likely to cost £1575 for a 1/10th share (with £475 going to the Racing Club as your 2011 Club share (3 year's Club membership) i.e. discounted significantly from the usual £795 figure.)
And £44 per month then covers your 1/10th share contribution to upkeep.
This horse is effectively sold at cost (we are a non-commercial, non-profit making collective ownership group), if the horse is bought for a purchase price of 10,000 guineas plus transport costs home, cost of gelding (if necessary!) and keep until 15th November 2010 when the partnership arrangement will commence.
- With this horse you retain ownership of the capital throughout.
- Capital spent = Capital owned.
- And share of any sale (or claim) proceeds would be divided equally between contributors.
- 10 contributors @ £1100 = £11,000 purchase price (including incidentals.)
- If horse were sold / claimed for £20,000 then the return = £2,000 each.
- If the horse were sold for £100k (at say 2010 October Newmarket Horses in Training Sale) = £10,000 each.
There will be 10 partnership members contributing
Effectively, the horse will remain almost exclusively in the ownership of the Partnership contributors.
Keep £44 per month X 10 people = £440 per month, or about a 1/3rd of what is needed.
This is a very low cost option with no calls for funds.
However, as the partnership horse is raced under the Group 1 Racing (1994) Ltd. name and colours, it is fair for the Club to provide the other two thirds of the funds, and this is what happens.
Prize Money
Separate accounts are kept for Partnership Horses.
Prize money will be distributed in proportion to keep contribution, where prize money exceeds keep + costs.
The horse partnership will make a return over your payments once the horse has won in excess of the £15,000 annual keep (training - £9k, keep - £1k, transport - £3k, entry fees/jockeys - £1k, insurance, blacksmith, vet, etc - £1k) making a net return on monthly contributions, which would then be divided according to keep contribution.
However, the horse only needs to earn £9,720 in prize money (£15,000 less £5,280) to start to return the monthly payments £ for each £ won over that (the payments totalling £5280 p.a.).
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