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Syndication

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On Cue ‘Q’

‘Q’ was recently purchased in England in the summer of 2012. For Sinead, it was love at first sight. This 16.2 big bay mare is a 2006 French/TB ready to move up to Preliminary. We are very excited for this addition to the team. Kristin Michaloski was the next to fall in love with ‘Q’ and we are now excited to call her partial owner. There are 5 remaining shares of ‘Q’ offered for syndication. For more information, please contact sinead@sineadhalpin.com and join in on what is sure to be an exciting journey! Learn more about ‘Q’ on Experience Eventing.com

Syndication FAQs

1.What are the initial and ongoing costs?

Westwinds El Dorado is being sold into a six member syndicate. Each share will represent 1/6 of the horse’s total value.

Option 1 - Initial payment plus monthly payments:
Your share of the purchase price (which includes vetting and shopping fees) plus your percentage of the monthly fees related to your horse. The inclusive fee comprises all training, insurance, daily care, shoeing, equipment an maintenance fees. Some additional fees will be assessed during competition season to cover travel and costs associated with out of town stabling/acclamation.

Option 2 - Financing:
We are very willing to discuss options to fit your budget. If you feel the initial payment will be too taxing, we are happy to arrange a financing plan that allocates your initial buy-in across your monthly costs. The contract will commit you to your share of the horse’s purchase price over the period of two seasons (approximately one year).

2. What are the benefits of ownership?

  • The chance to be a true part of the ultimate horse sport
  • Inside access to the top level of international eventing, surrounded by the best in the world
  • Access to behind-the-scenes clinics and lessons with US coaches such as Captain Mark Phillips and Olympic Gold Medallist, David O'Connor
  • Free course walks at events where your horse is competing
  • Owners–stabling passes at top national and international competitions where your horse is competing (at the convenience of the trainer)
  • Regular updates on your horse's progress by phone, email and newsletters

3. What happens to prize money?

Although prize money in eventing is minimal, if it becomes available 50% will go toward training fees and 50% will get split equally through the owners.

4. What happens if I want to exit the syndicate?

Your initial contract will have the horse competing for two seasons (essentially one year). You are more than welcome to exit the syndicate at any time simply by selling your share. The share/shares will be offered to other owners in the syndicate first and if a price can not be agreed upon, you may offer your share outside the syndicate.

5. What happens if the horse does not reach expectations?

We do our best to choose top horses...but horses are horses and sometimes they just don't reach the elite level that would be the goal of this syndicate. If this occurs, a discussion will be held with all syndicate members to devise a plan.

Geoffrey was selected because he has exceptional talent. If, for some reason, his skills don't bring him to the level of expectation, he should excel in another discipline and should be sold easily.

6. What happens if the horse gets injured?

If the horse is injured the monthly fees will be altered to facilitate rapid rehabilitation. We will consult with our top vets and farriers–make a plan for the horse–and the syndicate will dissipate. Money will not be returned, but if the horse has not reached his two seasons the monthly payments will cease.

7. What happens if an offer is made on the horse while still competing?

Often in the US if a horses proves to be of extreme talent, offers for his purchase are sometimes made even if he is not for sale. If the price is significant, this will be presented to the partners and a decision will be made.

8. If the horse sells do I get a percentage?

Absolutely. If the horse sells you will receive your percentage of shares of the sale price (or, if you own more shares, the equivalent) after 10% is given to the rider/trainer.

9. Do I have access to the horse?

Absolutely, whether in Aiken or New Jersey, at the convenience of the trainer, your horse is just a phone call away.

10. Can I buy more that one share?

Definitely, if more shares are available.