SPANISH TENOR
SPANISH TENOR PROFILE
Shamrock Thoroughbreds are offering an exciting opportunity to share in the fun and enjoyment of racehorse ownership through the syndication of
the 94 rated 7 year old gelding Spanish Tenor.
He was purchased by Shamrock Thoroughbreds after winning a claiming race over 7.5 furlongs at Tipperary on 1st June for trainer Tim Doyle. The 4 time winner was rated as high as 105 and has been running well in Listed
and Premier Handicaps in recent seasons.
“This horse is fit and ready to go. He is just the type that trainer Ado McGuinness excels with and the plan will be to race in the 7f and mile handicaps during the Summer and Autumn months. He could be an ideal type for Galway”, commented Stephen Thorne, managing director of Shamrock Thoroughbreds.
WHY INVEST
The main reason for purchasing a share in Spanish Tenor is to become involved with a horse that is fit and ready to run in the next few weeks and to share in the fun and enjoyment of racehorse ownership with leading syndicator Shamrock Thoroughbreds.
HOW IT WORKS
The syndicate will be divided into 10 shares of 10% each and each shareholder can buy up to a maximum of 4 shares or 40% of the horse.
Spanish Tenor 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 set up to enhance communication purposes between the syndicate manager Stephen Thorne and each of the 10 shareholders.
PLAN
The aim is to give Spanish Tenor an easy week before being put into full training and we will plan a race in the coming weeks for him.
The ultimate goal is to win a valuable flat handicap during the Summer and Autumn months.
If we feel he is too high in the ratings after a couple of runs, we will opt to return to claiming races.
The aim is to move him on at the end of the 6 month contract in the first available claiming race provided 80% of the syndicate agree to this.
COSTS
The cost of purchase for each 10% share is €1,750 euros. This includes the sales purchase price of €15,000, Horse Racing Ireland Commission, buyer commission, transport from Tipperary to Ado McGuinness Racing Stables and syndicate admin expenses.
The total training fees, veterinary fees, insurance and HRI account funds for a 10% share until the 30th November 2021 is €1,400 euros and those costs are listed below.
| Cost for 10% share | |
|---|---|
| Cost of horse including HRI commission, buyer commission, transport to Ado McGuinness Racing and syndicate admin expenses |
€1,750 |
| Training fees for 6 months; Includes daily rate, transport to the races, insurance, farriery, supplements etc |
€1,000 |
| Veterinary and other miscellaneous expenses for 6 months |
€150 |
| Total Cost of 10% Equity Share
Total Training Fees, Veterinary |
€1,750
€1,400 |
| Total for cost | €3,150 |
DIVIDENDS AND AGM
Each shareholder will receive a statement of accounts at the end of the 6-month term and any prizemoney earned will be divided among each shareholder at the end of the term, the 30th November 2021.
There will be a Shareholder’s discussion in early November 2021 to decide if the horse is sold via a claiming race or put back into training for another 6 month period. There will need to be at least 80% commitment for the syndicate to continue for another 6 months, otherwise he will be entered for the first available claiming race.
PAYMENT
The total cost which is immediately payable upon purchase of one 10% share is €1,750 euros which is the total cost of purchase and payable to Stephen Thorne.
The training fees for a 10% share (Including veterinary fees, insurance and HRI account funds) for 6 months of €1,400 euros is immediately payable to Shamrock Thoroughbreds.
If you require further information, contact Shamrocks’ Managing Director Stephen Thorne on +353857163850