MERCHANT OF VENICE
MERCHANT OF VENICE PROFILE
Shamrock Thoroughbreds are offering an opportunity to become involved in the fun and enjoyment of racehorse ownership through the syndication of Merchant of Venice.
Merchant of Venice is a 3 time winner over a mile on the all-weather in the UK. He is currently rated 77 and looks on a very workable mark considering his previous highest rating of 85. He looks the type who will run frequently throughout the winter months at Dundalk and give his new connections lots of fun in the process.
He is a horse that trainer Ado McGuinness believes there is a lot of fun to be had with over the coming months at Dundalk and should suit the newly laid surface given his prominent style of racing.
“He was one of the best moving horses on the sales grounds and I think there is plenty of mileage left in him. This horse was in immaculate condition and I’m convinced he will win races at Dundalk this winter.”, Stephen Thorne, Managing Director of Shamrock Thoroughbreds”.
The main reason for purchasing a share in Merchant of Venice is to become involved with a horse that is a proven and consistent performer and will be ready to run when the winter series at Dundalk kicks off in early October.
Ado McGuinness is one of Irelands’ leading racehorse trainers and his record on the AW at Dundalk speaks for itself.
HOW IT WORKS
The syndicate will be divided into 10 shares of 10% each and each shareholder can buy as many shares up to a maximum of 30% or 3 shares. Merchant of Venice will race under the name of Shamrock Thoroughbreds and will be put into training with Ado McGuinness in Lusk, Co. Dublin. A WhatsApp Group will be setup to enhance communication purposes between the syndicate manager Stephen Thorne and each of the 10 shareholders.
The plan with Merchant of Venice will be to give him an easy few weeks with the idea of racing him at Dundalk from October/November onwards. There are plenty of fixtures scheduled this winter at Dundalk and there will be no shortage of races for this horse. We will form a more concrete plan in the coming weeks as to where his first start might be.
The cost of purchase for each 10% share is €3,050 pounds sterling. This includes the sales purchase price, sales commission, buyer commission, VAT and transport to Ado McGuinness Racing.
The total training fees, veterinary fees and HRI account funds for a 10% share until the 31st August 2021 is €2,300 euros and those costs are listed below.
|Cost for 10% share|
|Cost of horse including sales and buyer commission, VAT, transport to Ireland||€3,050|
|Training fees for 12 months; Includes daily rate, transport to the races, farriery, supplements etc||€1,800|
|Veterinary and other miscellaneous expenses for 12 months||€200|
|HRI account for entries, declarations and jockey fees etc||€300|
|Total for cost of Share
Total training fees, veterinary and HRI fees per share
DIVIDENDS AND AGM
Each shareholder will receive a statement of accounts at the end of the 12-month term and any prizemoney earned will be divided among each shareholder at the end of the term, the 31st August 2021.
There will be a Shareholder’s discussion in early August 2021 to decide if the horse is sold via public auction or put back into training for another 6 or 12-month period.
The total cost which is immediately payable upon purchase of one 10% share is €3,050 which is the total cost of purchase and payable to Tattersalls Ltd directly. The training fees (Including veterinary fees, insurance and HRI account funds) for 12 months of €2,300 is immediately payable to Shamrock Thoroughbreds.
If you require further information, contact Shamrocks’ Managing Director Stephen Thorne on +353857163850