FREQUENTLY ASKED QUESTIONS
Wondering how to buy racehorse shares?
When it comes to Australian thoroughbred sales and syndicates, BlueBlood Thoroughbreds can provide you with the assistance you need to successfully enter the exciting world of horse racing. If you have been wondering where to buy racehorse shares, we can help. Below are the answers to a number of common questions regarding our racehorse syndications.
I would like to purchase a share
We can show you how and where to buy racehorse shares. Give us a call, and we will send out to you the relevant information pertaining to the horse you are interested in. You can expect a copy of our Disclosure Documents and Information Pack via email and/or we can express post a hard copy to you. These two forms outline all the details about the syndicate being formed such as price, trainer, ongoing upkeep etc. You as an owner can also rest at ease that Blueblood Thoroughbreds holds an AFSL with ASIC and is an approved promoter of Racing Victoria and Racing Queensland. (AFSL. 413585)
As an owner, what are the benefits?
Naming the horse, name in the RaceBook (applicable to 5% shareholders and above as only 20 spots are allocated per horse), RaceDay members tickets, passes into enclosure/mounting area, one on one with one of Australia’s leading trainers on race day events, invitations to the trainer’s stable for inspection day and functions (when possible), decisions with BlueBlood Thoroughbreds and the trainer on scheduling movement and the horse’s career whilst racing also after racing (retirement).
What is the upkeep cost of the horse?
We are a leading company when it comes to affordable Australian thoroughbred sales and syndicates.
The Ongoing Expenses consist of a $77 flat Monthly Management Fee (MMF) per owner, regardless of share percentage. The remainder of the fees are the Ongoing Expenses for the horse billed monthly, in arrears, which are split between the owners based on their percentage held. The following are estimated total monthly costs based on averages, as the Ongoing Expenses for each horse varies depending on the location of the horse i.e. training, spelling etc. The following amounts include both the $77 MMF and the average Ongoing Expenses combined:
- 2.5% - $162 estimated total monthly cost
- 5% - $247 estimated total monthly cost
- 10% - $417 estimated total monthly cost
Is my share insured?
BlueBlood Thoroughbreds insures all its horses from fall of hammer for the first 12 months, which is included in the initial share price. BlueBlood Thoroughbreds recommends that after the 12 month period that the owner continues to renew this insurance policy, at their expense.
What is Blueblood Thoroughbred’s selection process?
In nearly all cases, our horses are picked by our trainer. BlueBlood Thoroughbreds, along with our trainer, attend all the major sales and our syndicates are formed by selecting only well bred, conformed and athletic individuals that pass our tough and rigid process.
Does my name appear in the Racebook?
Shareholders with 5% and above will have their names appear in the RaceBook as individual entities and 2.5% shareholders will become members of BlueBlood's Syndicate which will appear in the RaceBook.
Can I talk to the trainer and supporting team?
We have no problem with any owner speaking with our trainer and team, we actually encourage our owner’s to be involved with their racehorse and enjoy the excitement of ownership.
When my horse’s racing career is finished, what happens?
When your horse career has finished, then all owners will decide to either sell or send the horse to stud. This is a very exciting time especially if your horse has had a successful racing career.
For more information regarding Australian thoroughbred sales and syndicates, contact BlueBlood Thoroughbreds today. We can show you how and where to buy racehorse shares at an affordable price – call (02) 9937 2000