Shamrock Thoroughbreds are offering an opportunity to become involved in the fun and enjoyment of racehorse ownership through the syndication
Bringsty is a lightly raced 3yo gelding who was very impressive on his last start in a Novice Stakes at Haydock in late May on his 3rd career start. He is currently rated 86 and has a very similar profile to Current Option who was purchased at the same sale in 2019 and is now a Group, Listed and 2 time Premier Handicap winner.
He is a horse that trainer Ado McGuinness believes “This is a horse with a lot of potential and is a very exciting horse for the remainder of the flat season. I am looking forward to seeing what this horse is capable of in the coming weeks and months”.
“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”.
The main reason for purchasing a share in Bringsty is to become involved with a horse that has a lot of potential to improve as the season continues and hopefully will be even better again next season. Ado McGuinness is one of Irelands’ leading racehorse trainers and his record with top-level handicappers and Stakes performers speaks for itself.
HOW IT WORKS
The syndicate will be divided into 20 shares of 5% each and each shareholder can buy as many shares up to a maximum of 30% or 6 shares. Bringsty 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 20 shareholders.
The plan with Bringsty will be to give him a run next month with the aim of targeting one of the major flat Handicaps in the Autumn. Races like the Cambridgeshire and Sovereign Path Premier Handicaps will be considered for this horse and we hope that he will develop into a Stakes performer in the next 12 months.
The cost of purchase for each 5% share is £6,900 pounds stirling. 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 5% share until the 11th July 2022 is €1,550 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
|Training fees for 12 months; Includes
daily rate, transport to the races,
farriery, supplements etc
|Veterinary and other miscellaneous
expenses for 12 months
|Insurance for 12 months||€225|
|HRI account for entries, declarations
and jockey fees etc
|Total cost of horse per 5% Share
Total training fees, veterinary,
|£6,900 Pounds Stirling
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 11th July 2022.
There will be a Shareholder’s discussion in early June 2022 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 5% share is £6,900 Pounds Stirling which is the total cost of purchase and payable to Tattersalls Ltd directly. The training fees for a 5% share
(Including veterinary fees, insurance and HRI account funds) for 12 months of €1,550 Euros is immediately payable to Shamrock Thoroughbreds.
If you require further information, contact Shamrocks’ Managing Director Stephen Thorne on +353857163850