MULTIPLEX RACING – 2009 SYNDICATE & FAQ’S

OVERVIEW

Multiplex Racing is a new concept in syndicated ownership in that we are non profit making yet we still give the owner full ownership rights over two seasons with all prize money won being credited to the syndicate account.

The syndicate has been set up by Allan Stennett & Richard Kent with Mark Ball taking the position of Racing Manager.  Mark will be your point of contact for all enquiries on 01691 653 269.

Multiplex Racing will lease two very well bred Multiplex fillies, put in the care of top class trainers, to the syndicate for two full seasons.  It will be our aim to win as many races as possible and to thereby give each owner the complete thrill of racehorse ownership.

HOW CAN YOU RUN A BUSINESS YET REMAIN NON PROFIT MAKING?

Mickley Stud & Allseasons Bloodstock will lease two very well bred fillies to the syndicate over the course of the contract.   However when the contract ends ownership then returns to the above.

If the fillies are successful on the track their subsequent value as brood mares, to stand at stud, will be greatly enhanced.  This is where Mickley Stud & Allseasons Bloodstock will benefit so it follows that owners should only pay actual racing expenses whilst in training & have all the prize money won credited to the syndicate account.

LEASEHOLDING – WHAT ARE THE BENEFITS?

A lease is like a loan agreement.  You will become a leased shareholder in two fillies over an agreed contractual term.  When the contract ends you will hand the fillies back.  Therefore there are no expensive initial purchase costs.

Over the contracted term you will 'own' 10% of each filly and therefore any prize money won will be paid directly to the syndicate account. You will go to the races as an owner, enter the parade ring, meet the trainer & jockey, watch the race from the owners stand, greet your horse back as a winner.

It’s the complete package !

WHAT HORSES WILL BE PART OF THE 2009 MULTIPLEX LEASE?

We will lease two fillies to form the 2009 Multiplex Syndicate.  They are currently un-named.

Both 2009 fillies have been sired by Group race winner MULTIPLEX.  The two proven mares are called GAGAJULU and ASINARA. 

WHEN WILL THE FILLIES BE NAMED?

They will be named in the autumn of 2010 in order to be registered with the BHA & Weatherbys. They will enter full training shortly afterwards.

HOW MUCH DOES IT COST TO JOIN THE 2009 MULTIPLEX SYNDICATE?

The total cost will be no more than £15,000 in total. Any surplus funds left in the account, after all costs have been deducted, will be returned to the owner at the end of the contract.

WHEN DO I HAVE TO PAY MY SYNDICATE FEES?

The payments have been split down into 4 manageable segments over the contract term:

1st January 2010 - £2,500

1st July 2010       - £5,000

1st January 2011 - £3,750

1st January 2012 - £3,750 * should both horses progress to 3yo career

1st January 2012 - £1,875 * should only one horse progress to a 3yo career

WHY AM I PAYING FEES IN 2010?

Multiplex Racing want you to be involved from the start.  You will see the fillies develop from yearlings, based at Mickley Stud, and then move into full training in preparation for a 2yo racing career.

HOW DO I PAY MY FEES?

Multiplex Racing hold a bank account with Weatherbys.  You will be given the sort code & account number enabling you to pay directly into that account.

WHAT COSTS DO MY FEES COVER?

Your fees will cover everything involved with having 2 horses in training. This includes:

·                     Training & Gallop fees

·                     Shoes

·                     Jockeys

·                     Vitamins & supplements

·                     Veterinary fees

·                     Horse transport

·                     Entry & declaration fees

·                     Provision of racing colours

·                     Banking

·                     Racing Manager

·                     BHA & Weatherbys registrations

·                     Accountancy & VAT management

·                     Legal costs

·                     All administration & other associated costs

HOW LONG IS THE CONTRACT TERM?

The contract lasts three years from January 2010 to December 2012

CAN THE CONTRACT BE EXTENDED?

It is planned for the two fillies to race until the end of their 3yo season.  However if Allan Stennett & Richard Kent feel there is value in continuing for another season the syndicate will be offered this option.  A decision on a potential 4yo career would be made by October 2012.

CAN I TRANSFER MY SHARE TO ANOTHER PERSON?

Shares can be transferred provided that prior written consent is obtained from Multiplex Racing & that the transferee of the share agrees in writing to be bound by the contract agreement.

THIRD PARTY INSURANCE

To give each owner comfort Multiplex Racing has entered a 3rd party insurance policy thereby giving suitable cover in the event of an accident on the racecourse.

HOW MANY PEOPLE WILL MAKE UP THE SYNDICATE?

There will be 10 equal shares of 10%.   All owners will receive exactly the same privileges.

WHEN WILL I BE PAID MY PRIZE MONEY?

At the end of the contract, December 2012, the accounts will be audited by our accountant. At that stage each owner will receive a pro rata payment from Multiplex Racing to reflect the balance of surplus funds remaining in the syndicate account after all costs have been deducted.

These funds will be transferred directly to your bank account by secure transfer.  A full account statement will be posted to you directly from our auditors.

WHO WILL TRAIN THE HORSES? 

The two fillies will be placed with Clive Cox (Lambourn) and Richard Fahey (Malton) for the duration of the contract.   Click here to read their profiles. Both Clive & Richard are highly experienced & highly successful. 

We feel having one filly based in the south, one in the north, will give us the best opportunity to be successful and to give you maximum enjoyment.

WHO WILL RIDE THE HORSES?

Clive Cox uses a variety of top class jockeys such as Frankie Dettori, Phillip Robinson, Richard Hughes and Adam Kirby.

Richard Fahey employs the excellent Paul Hanagan as stable jockey with back up being provided by Champion Conditional Freddie Tylicki & Tony Hamilton.

WHAT COLOURS WILL MY JOCKEY WEAR?

 
Multiplex Racing’s colours are yellow with maroon striped sleeves, yellow cap.
 
WHEN AND HOW OFTEN WILL THE HORSES RACE? 
 
We cannot give you an exact date for their debuts but they will race, as 2yo’s, from any time March 2011 onwards.   They will race over a two season period in 2011 & 2012 flat seasons.
 
CAN I VISIT THE TRAINER TO SEE MY HORSE? 
 

Multiplex Racing will organise bespoke stable visits at both yards throughout the contract term.  Ideally we will fix these dates for when we either have a runner locally or on a day when racing takes place locally to the trainer.  These will be planned for weekends only to maximise the chance of owners being able to attend.

However if you're in the area, wish to see your horse, Mark will endeavour to arrange a suitable date & time with the trainer.

HOW WILL I KNOW WHEN A HORSE IS DUE TO RACE? 

Our trainers will lead the way with running plans but will consult with Mark.  Once a decision has been made to place an entry it will be Mark’s job to ensure each owner is fully briefed. 

He will also ensure you have full feedback on training schedules, race declarations & jockey bookings.  This information will be given via electronic mail & telephone. 

Flat racing is governed by 48hr declarations so we will know, for example, on Thursday morning that your horse will race on Saturday.

WHAT ARRANGEMENTS WILL BE MADE FOR ME ON RACE DAYS? 

Mark will contact each owner on day of declaration to see if you can ‘come racing’.  He will also provide an analysis of the race which sums up our hopes & expectations for the day. 

Two badges (where possible) will be provided for you on the Owners and Trainers entrance on race day.  Mark will also be in attendance, where possible, to meet you & ensure you are catered for during the day.

Occasionally Multiplex Racing may hold small hospitality events at the track for you to attend.

ARE THERE ANY RESTRICTIONS ON RACE DAY? 

Multiplex Racing wants you to thoroughly enjoy your racing.  All we ask is that you take extreme care when around the horses both in the parade & unsaddling ring.   

We ask you to observe the compulsory H&S racecourse rules on bringing infants into dangerous areas.  Therefore nobody under the age of 16 will be permitted into the parade or unsaddling areas.

WHAT IF A HORSE GETS INJURED?

In the event of a horse sustaining an injury which ends its racing career prior to Jan 1st 2011 the lease on that horse will cease.  Multiplex Racing will then endeavour to replace that horse with another horse of similar standard.

ANY OTHER QUESTIONS

Please telephone Mark Ball on 01691 653 269 or 07702 895 428