Fields Of Omagh

[Chrome Prince]

Just been enlightened by a certain person who owns 22% of Fields Of Omagh, that early in it's career, a jockey said "it's got square wheels".
No prizes for guessing what that meant.

It also brings up a point of ownership (without mentioning any names).
If person "A" owns 22% of FOO, and person "B" heads a syndicate of at least 20 "shareholders" and at least "C" "D" & "E" equal partners in addition, then there ain't much left to go around!

ROUGH GUESTIMATE
$3,247,890 in prizemoney.
5 seperate syndicate owners = $649,578
1 syndicate with at least twenty owners = $32,478.90
You have to deduct off this the trainer's percentage, the jockey's percentage, nomination fees and training fees.

Is there much left for each member of syndicate "A" ????
Still it's the thrill of owning a winner I guess.

[storm]

I have been lucky/unlucky enough to have had a few horses over the years and i would'nt exactly call them world beaters. I used to buy a 1/10 share in the first few i had where you had to pay 1/10 of the purchase price. I found that i did'nt really make a great deal of money out of them that way, but obviously that had alot to do with the horses. I then turned to having smaller shares in syndicates where there is no initial outlay and training, vet fees etc are much smaller. It's true that i still have'nt made a great deal out of it. The way i look at it, both ways have there advantages/disadvantages, i suppose it depends on how much money you have or are willing to spend. I'm not really in the game to make money, if you are, then the large majority of people will be very dissapointed unless you are lucky enough to get one such as FOO. You made an excellent point Chrome Prince, it's the thrill of winning, at least for me it is anyway, whether it is in the city or a maiden in the country.

[mystic]

Hey Guys,

Talking about a "Jockeys Percentage" how much do they actually get, I have always wandered?

[mystic]

Hey Guys,

Talking about a "Jockeys Percentage" how much do they actually get, I have always wandered?

Sorry had a bit of reclickeritis there!

<font size=-1>[ This Message was edited by: mystic on 2003-11-17 19:26 ]</font>

[umrum]

officially 5% but most good ones demand 10%.

[Shaun]

I read some figures a few years back that added up the total number of registered horses in Australia and divided it by total prize money on offer and it worked out to an average of $10.000 per horse return in prize money....so if you are thinking of buying a horse and winning lots of money...you would lose less backing every fav on a saturday....but hey if you have the money to spend...ot you need a good tax right off...it is a nice hobby to be in...and maybe you will one day get that good horse....a mate of mine years ago kept telling me he was going to buy a horse he said will you be in it i said sure anytime...well i lost track of him about 2 years ago.....funny thing is i seen his name on the front cover of a racing paper as part owners in a horse that was running in the Stradbroke you know what it name was "Private Steer" i guess i should have kept in touch with him

[umrum]

On 2003-11-18 00:38, Shaun wrote:
....running in the Stradbroke you know what it name was "Private Steer" i guess i should have kept in touch with him.........


that is tragic shaun. enough to make you spew.