The recession is proving tougher than most expected so the last thing you would expect me to say is - "use your savings to buy a racehorse!" But, now has never been a better time to buy top quality horses at knockdown prices. The recent "breeze-up" sales at Newmarket and Doncaster showed prices down on average 27% and 15% respectively - and only two thirds of the lots actually selling. This leaves a large amount of quality bred youngsters with no buyer and the breeders under pressure to at least cut their losses and make room for the next crop.
At the mixed sale at Newmarket back in March, many well bred yearlings were being rejected in the ring and then purchased for cash rather than returned to the vendors. And we are talking hundreds of pounds, not the usual tens of thousands! Obviously the purchase price is only one part of the equation when it comes to owning a racehorse, but there is some evidence that training fees are also up for negotiation; and with owners reducing their stocks some very good horses with good racing records and fully fit for racing are also available.
It takes as much money to train a bad horse as it does a good one and it is therefore extremely important to ensure that your bargain purchase is still capable of delivering at the races. At Field & Country Racing, we have experts to purchase the horses and an ability to pre-assess any horses for likely success before they are offered for sale as part of a syndicate. This takes away a large part of the risk involved and means that shareholders can be confident that what they have bought shares in is a likely winner. It also means that the cost of shares is lower than many similar offerings and the costs can be fixed so you can be sure of what the cost will be before entering into the exciting world of racehorse ownership. And as quality will always sell, at the end of the syndicate term you will receive some return on your investment when the horse is sold.
If you are interested in LOW COST ownership of successful and well bred race horses, starting as low as £2000 for a full 10% share then contact us at www.fieldandcountry.co.uk or via the link on this blog. It is certainly as secure as putting your money into shares or god forbid - a bank account!!
