STAR OF CASHEL
STAR OF CASHEL PROFILE
Shamrock Thoroughbreds are offering an opportunity to become involved in the fun and enjoyment of racehorse ownership through the syndication of Star of Cashel.
Star of Cashel is a 4yo son of No Nay Never out of a Dubai Destination mare and this horse finished a good 4th in the 2021 renewal of the Irish Lincolnshire at the Curragh in March off a rating of 89. He is currently rated 84 and he is a nicely handicapped horse for the turf next season and his main target will be the Irish Lincolnshire next March. He is a good fun horse for the early part of the turf season in 2022 as he prefers soft ground.
“He is a good looking horse with plenty of size and strength. . He is a very solid handicapper who will compete at all the major flat meetings in 2022. He will give his new shareholders a lot fun next year.”, Stephen Thorne, Managing Director of Shamrock Thoroughbreds”.
“He has a lot of quality with plenty of size and strength. He passed all the veterinary inspections and was the pick of the sale in terms of quality and potential. He has a mirror image profile to Current Option and he is a very
exciting prospect for the remainder of the season.”, Stephen Thorne, Managing Director of Shamrock Thoroughbreds”.
WHY INVEST
The main reason for purchasing a share in Star of Cashel is to get involved with a solid handicapper who has the ability to win a premier handicap during the turf campaign in 2022. He is a horse who enjoys slow ground and will be an ideal horse for the Irish Lincolnshire after finishing 4th in the 2021 renewal.
Ado McGuinness is one of Irelands’ leading racehorse trainers and his record with premier handicappers speaks for itself having won 4 of them in 2021, including the Galway Mile and Ahonoora Handicap at the Galway Festival.
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 50% or 5 shares. Star of Cashel will race under the partnership name of Shamrock Thoroughbreds and Dooley 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
PLAN
The plan with Star of Cashel is to give him a winter break with the aim of putting him back into full training in late December with the aim of preparing him for a tilt at the Irish Lincolnshire in late March. In order to have him fully fit for the Lincoln, we may consider a run over hurdles in late February or early March. We will also target the Galway festival with him as there is generally safe or slow ground at the meeting each year.
COSTS
The cost of purchase for each 10% share is £2,750 pounds sterling. This includes the sales purchase price, sales commission, buyer commission, VAT and transport to Ado McGuinness Racing.
The total training fees, mortality insurance for 12 months, veterinary fees and HRI account funds for a 10% share until the 31st October 2022 is €2,750 euros and those costs are listed below.
| Cost for 10% share | |
|---|---|
| Cost of horse including sales and buyer commission, VAT, vetting and transport to Ireland |
£2,750 |
| Training fees for 12 months; Includes daily rate, transport to the races, farriery, supplements etc |
€2,150 |
| Veterinary and other miscellaneous expenses for 12 months |
€200 |
| Insurance for 12 months | €100 |
| HRI account for entries, declarations and jockey fees etc |
€300 |
| Total cost of horse per 10% Share
Total training fees, veterinary, |
£2,750 Pounds Stirling €2,750 Euros |
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 October 2022.
There will be a Shareholder’s discussion in early October 2022 to decide if the horse is sold via public auction or put back into training for another 6 or 12-month period.
PAYMENT
The total cost which is immediately payable upon purchase of one 10% share is £2750 Pounds Stirling which is the total cost of purchase and payable to Tattersalls Ltd directly. The training fees for a 10% share
(Including veterinary fees, insurance and HRI account funds) for 12 months of €2750 Euros is immediately payable to Shamrock Thoroughbreds.
If you require further information, contact Shamrocks’ Managing Director Stephen Thorne on +353857163850