Leading trainer John Sargent with the Elusive City filly he will train for the Challenge No.1 Syndicate
It’s been two weeks since I secured the 4 fillies for the Challenge No.1 Syndicate (CLICK HERE to find out more) and the interest from investors has been very pleasing.
This is my first public syndication and my emphasis has been on doing something different; packaging up a syndication opportunity which will suit the experience racehorse owner & newcomer racehorse owner alike.
The entry level is 1% of the syndication ($4,000 including GST), however I’ve sold a number of 5% units ($20,000 including GST) and there is nothing to stop an intending investor taking a bigger parcel.
The fillies (Lots 620, 697, 950 & 967 from the Karaka Select Sale) are now with breaker Paul Pertab. They will be progressively broken in before heading off to their respective trainers (Richard Collett, Shaune Ritchie, Murray Baker & John Sargent).
These are all fillies with sound physical make-up and strong pedigrees. If they can run, they have the potential to develop into valuable propositions.
In saying that, while I hope the fillies will one day be worth substantially more than I paid for them, the top priority is to give my investors an exciting experience; something to look forward to & something to celebrate!
All prize money is paid out. The fillies are sold at the end of the syndicate life (May 2015), with all proceeds paid out according to shareholders’ portion of ownership.
It’s a syndication model I’ve worked on for some time. I believe it’s the ‘right’ model and while it won’t suit everyone, I believe it’s the most transparent & suitable syndication structure to encourage reinvestment in the future.