Questions & Answers.
What does Brownsbarn Thoroughbreds (BBT) do?
Our expert team purchase promising racehorses. We split the ownership of each horse into 100 shares, where 1 share = 1% equity in the horse. We invite owners to purchase between 1 - 25 shares and take a pro-rata equity share. We have built a management team to liaise with owners assuring they are entertained, engaged and educated on the horse, racing and the ownership experience.
What is an equity share?
Our ethos is for our owners to purchase equity, entitling them to net sale proceeds and prizemoney earned by the horse. All of our syndicates are commercially focused, meaning we optimise to increase the value of the horses that we buy, we want the day out and the chance to make a return on equity, entertainment, engagement and education.
How many people are in each syndicate?
Each horse is split into 100 shares. We have a 25 share limit per owner. A syndicate could range in number from 4 -100 different owners. Typically there are 10 - 30 owners in each horse. We like to keep numbers that encourage serendipity by meeting like minded people.
How much does a share cost?
Dependent on the horse in question. We run our syndicates on an upfront acquisition fee and monthly payment structure. Shares can range from 300€ - 1000€ followed by monthly fees (typically €35 - €40/share) to cover training and racing fees, starting at a predefined date. We aim for each of our horses to be sold within the first year, but as we all know horses are horses. Athletes in training can encounter problems that upset the best made plans.
Is this an investment opportunity?
No. We call this a social investment. Owning shares in a racehorse is an experiential product for entertainment. Taking you to stable yards, meeting new people and creating memories. We run the syndicate as a commercial operation to give us a higher probability that each horse can return something if it becomes successful and wins on the track but this is speculative and high risk.
What do I get for the price of my share?
Here is a general breakdown of how we calculate our share price and what’s included within it:
Purchase price of horse.
Purchase fees of buying team - (Agent & Syndicate)
Transportation costs.
Pre-training / breaking costs.
Syndicate set up & admin fee.
Racing fees.
Veterinarian costs.
Selling Fees.
Why purchase a share with BBT?
We are building a narrative based, media driven horse racing experience. This is underpinned by a commercial focus that optimises to give you a return on investment through:
Entertainment
Engagement
Education
Equity
Can I sell my share?
Presently, it isn’t possible for shares to be traded among owners. New technology is being trialed in Ireland that will allow this in the near future. We will position our platform to fully embrace this innovation and look forward to developing a market where owners can buy and sell shares in their horses on a slick & fluid digital marketplace.
Can I visit my horse?
We organise groups visits to see your horse gallop, work, roll and relax. We will organise digital and physical events Covid permitting to get people together to “chat” about the horses and what the plans are for the year.
What happens at the end of the syndicate?
At the end of the syndicate term, the horse is retired and/or sold. The syndicate accounts are collated and owners receive their pro rata share of net prizemoney and sales receipts. If we vote to retain the horse for a second term each shareholder must pay a fee for training and racing costs for the second year.
What happens on raceday?
We invite all syndicate members to go to the races to see their horse. To stand in the parade ring with the trainer and really live the experience. We organise events to meet and greet all owners on raceday and together we meet the horse, trainer and stable staff who will explain the big race before it pans out. Depending on syndicate numbers we try to accommodate everyone with passes/tickets but this is not always possible with large groups.
What if I live abroad, is this for me?
We are a media driven horse racing syndicate. We will provide immersive digital content to all of our syndicate members through written, audio and visual media. With interviews, analysis, opinion and predictions we will weave the story of the racing season together for you in a curated thread delivered to your inbox. We are conscious that not everyone will be around to see the horses at all times. Recording and sharing the journey will be a priority for us to immerse our owners within the experience. We will make you feel like you are with us every step of the way.
I think I will buy my own horse?
Horse racing is high risk and high reward and that’s the draw. Like any sporting endeavor, the fine margin between winning and losing is what seeds the excitement. Buying horses with equity based syndicates allows you:
Spread your investment with several different horses.
Hassle free set up.
Inexpensive access to expertise.
Camaraderie, win and lose as a group.
New people, new connections.
Many of our owners have owned horses solo and have cited the community aspect as a reason for partnering with us.
How do I know when my horse is running and will I hear about it?
Each syndicate will have its own communication medium- Whats App, email, and a private group. Our assigned syndicates manager will keep everybody updated. We will provide all content on these platforms to show friends and family how your horse is training. Data and expert insight will be detailed to give you a complete picture.
Where can I view your terms and conditions?
Terms and conditions change on a syndicate basis and will be detailed on the syndicate purchase page and will accompany the syndicate welcome pack you receive upon purchasing your shares. You can view our general T&C’s here.
How are BBT remunerated?
A nominal set up & management fee is required to run each syndicate. We structure the syndicate so we earn a commission on any prizemoney and/or sales receipts (public/private) we achieve for your horse thereby creating a win-win scenario for everyone. This is determined on a syndicate by syndicate basis and is clearly stated. Fees cover our costs so we can invest time, energy, creativity and expertise to deliver you a quality experience.
