21 Aug Opportunity to have a share in a new horse – ENOLA
ENOLA is a three year-old filly by LAWMAN recently bought from the July Horse in Training Sales by young Newmarket trainer Amy Murphy, who has been in contact on a few occasions asking if she can train a horse for us.
The filly was not expensive and has spent the past month out in the paddocks enjoying life as she was, according to the trainer, in need of some relaxation and strengthening up having previously raced for Ed Dunlop and having won her Maiden race at Lingfield in June, her first of just three outings.
The syndicate price for the filly is £6,000 but we can acquire a 50% share and have the horse race in our club colours in a racing partnership with the trainer if we wish. She believes the filly will be suited to Chelmsford all weather racing and will ideally be ready for racing at the end of the summer and throughout the winter, which suits us fine.
Naturally it is the 50% monthly training fees that need to be safely covered before I can enter into any formal agreement with the trainer – a number of you expressed interest in replacing Jeanie’s Place and Doctor Parkes and offering some financial support for a new syndicate although there was insufficient to move things forward at that time – so the figures in this case are as follows:
Capital for Share 10 x 5% shares = £300 per share
Monthly Training 10 x 5% shares = £125 per month
In the past we have offered 2.5% shares thus reducing the outlay by about half these figures – this would only be possible if there was sufficient interest to get to 50% overall. Naturally anyone wishing to take a larger share than 5% may do so on a pro-rata basis.
I hope this may be of interest to sufficient members to enable us to proceed with another horse in training; quite possibly other trainers will have horses available to offer us from time to time and the figures will generally be similar for the on-going monthly costs, with the value of the horse deciding on the capital required.