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Shamrock Thoroughbreds are offering an opportunity to become involved in the fun and enjoyment of racehorse ownership through the syndication of Gleneagle Bay.
Gleneagle Bay is a 4yo gelding by exciting sire Gleneagles out of Charlotte Rua and this progressive type is currently rated 90. He is a lightly raced horse with only 3 career starts to date and produced a career best effort finishing second to Booyea on his most recent start at Fairyhouse in a 7f conditions race. The form of that race has worked out particularly well with the winner Booyea plundering a €100,000 Premier Handicap on Irish Derby weekend. The form of his initial maiden win at Dundalk also ready very well with the second horse State Actor now rated 97 and he was an impressive winner of a €100,000 Premier Handicap on Irish Guineas Weekend.
He is a horse that syndicate manager Stephen Thorne believes “There
could be a big day in this horse and he looks well handicapped based on
the form lines of his recent performances. We plan to target the €150,000 Sovereign Path Handicap at Leopardstown on Irish Champions Weekend in mid September.
“He vetted extremely well at the sales and is a good looking horse with plenty of size and strength. He could develop into a Stakes performer next season and has a big future ahead of him. He will compete at all the major flat meetings in 2024/2025 and will give his new shareholders a lot of fun along the way.”, Stephen Thorne, Managing Director of Shamrock Thoroughbreds.
The main reason for purchasing a share in Gleneagle Bay is to get involved with a high class performer who has the ability to win a valuable premier handicap this year and could develop into a Stakes performer next season.
The horse will go into training with Jack Davison in Dunboyne, Co. Meath who has a very good strike rate on the flat and has trained many good horses in recent seasons such as Mooneista and She’s Quality. This will be a temporary trainer arrangement until syndicate manager Stephen Thorne is granted his own trainers’ license in early October 2024.
The syndicate will be divided into 40 shares of 2.5% each and each shareholder can buy as many shares up to a maximum of 30% or 12 shares. Gleneagle Bay will race under the name of Shamrock Thoroughbreds and a WhatsApp Group will be setup to enhance
communication purposes between the syndicate manager Stephen Thorne and each of the 40 shareholders.
The plan with Gleneagle Bay is to give him a short break with the aim of putting him back into full training in early August and preparing him for
the €150,000 Sovereign Path Handicap on Irish Champions Weekend at Leopardstown. This horse has also performed extremely well at Dundalk
having won first time out and he may develop into an all-weather Championship candidate in the spring of 2024. He will be suited to the 7f and mile conditions races at Dundalk early next year before targeting the major flat festivals during the turf campaign in 2025.
The cost of purchase for each 2.5% share is €3,075. This includes the sales purchase price (85,000 Pounds Sterling), 5% Tattersalls sales commission, 5% agent commission, 4.8% VAT, vettings/ blood analysis completed at the sale and transport to Jack Davison Racing.
The total training fees, mortality insurance for 12 months, veterinary fees and HRI account funds for a 2.5% share until the 31st July 2024 is €700 euros and those costs are listed below.
| Cost breakdown for 2.5% share | |
|---|---|
| Cost of horse including sales and buyer commission, VAT, vetting and transport to Ireland |
€3,075 |
| Training fees for 12 months; Includes daily rate, transport to the races, gallops fees, farriery, supplements etc |
€500 |
| Veterinary and other miscellaneous expenses for 12 months |
€50 |
| Insurance for 12 months | €75 |
| HRI account for entries, declarations and jockey fees etc |
€75 |
|
Total cost of horse per 2.5% Share Total training fees, veterinary, |
€3,075 Euros
€700 Euros |
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 July 2025. There will be a Shareholder’s discussion in early July 2025 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 £5,950 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 €1,500 Euros is immediately payable to Shamrock Thoroughbreds.