Come onboard with “Perfect Gal” , our new Minzaal filly purchased over in Deauville during the Arqana French Breeze Ups, the same sale where I bought Shes Perfect.
She was originally on our list but we thought she might be too expensive for the syndicate, bought for 67,000 back in October the vendors were hoping she would achieve €90,000 or more in the ring. The Damn Myzoon has produced 4 winners from 5 foals and I love the fact she is by the Great Galileo providing strength and stamina and our filly looks to have lots of that.
She is heading to Rebecca Menzies yard based near Sedgefield in the next few weeks and she looks a lovely horse who will improve and progress as a 3YO providing her owners with lots of fun days out for the next few years.
a 1% share is £650 upfront and then £40 per month.
How does the Basher Watts Racing Syndicate work?
Firstly you pay your upfront fee to own your share outright, with this filly the upfront cost is £650. You then pay a monthly fee of £40 per 1% to cover all of the costs associated with having a horse in training such as training, vets, entries, travel, gallop fees, farrier, physio, VAT, admin costs and the syndicate management fee (£850 per month).
Every month £4000 will go into this pot with hopefully prize money being added to it too. All of the costs are then deducted from the pot and at the end of each calendar year the remaining amount is divided and sent out to the owners relating to the size of their share. If £20,000 was remaining in the pot and you owned 10% you would receive £2,000 back etc.
With this syndicate you own your share outright which means you are entitled to your % of prize and you own the share until:
• You sell your share privately for whatever price you like (some lads sold for triple once Shes Perfect won on debut),
• The horse is sold, if the majority of the group decide we should sell you would get your % of the sale
• The horse is retired
Your share entitles you to:
• Your % of prize money
• Your % of any sale of the horse
• WhatsApp group with all the other owners, myself and the trainer
• A stable morning every 3-4 month where friends and family are welcome
• your chance to have an owners badge, anyone with 5% or more is given priority for an owners badge and provided with a BWR tie
In terms of owners badges, it differs from course to course but it is usually between 8-15. People in the syndicate are based all over the country and I’ve never had to turn anyone away who wanted a badge but if we were ever oversubscribed those with 5%+ would get priority and the rest would be randomly selected.
Once you have come onboard you will be added to an owners WhatsApp group with all of the other owners and trainers, this was you’ll receive regular updates on the horse and be able to chat and make friends with the other owners. You’ll also receive a share certificate and an owners contract.
Thank you for supporting me and I can’t wait to have you onboard!