Colin Little runs one of the most successful 'boutique' racing stables in the land. and he intends to keep it that way.
He prefer's to run a 'hands on' operation as opposed to a production line.
When you place your horse in Colin's care he will give you a number of assurances:
- That your horse, when it's in work, will be personally inspected by your trainer every day. NB This may not be possible if Colin is interstate for whatever reason.
- That you will be welcome to drop down to the stable to either watch your horse work or to inspect it whenever you like. NB Please telephone us beforehand to tell us when you are coming!
- Colin cannot guarantee that all of this extra attention will make your horse run any faster, but it will ensure that it is given every opportunity to succeed. NB We have a couple of horses, currently on our books that have come from big stables. They have all benefitted from the individual attention and have gone on to show significant improvement on the racetrack.
- Colin subscribes to the theory that, 'like most things in life' you only get out of racehorse ownership what you put into it. The more involved you become and the more questions you ask, the better equipped you are to handle the vagaries of the sport.
Jacquie Little Thoroughbreds
AFS LICENCE No 228907
"A DIFFERENT APPROACH TO RACEHORSE OWNERSHIP."
JACQUIE LITTLE THOROUGHBREDS is a 'not for profit' operation devoted to the promotion and development of the sport of Thoroughbred Horse Racing. As a consequence our business is structured very differently to that of our competitors.
We offer a maximum of 8 horses each year and each of these horses must meet the toughest selection criteria.
Horses offered must have the following prerequisites:
They should be physically correct, with good prospect of growth. Ideally they should offer some chance of racing as a late 2 year olds, but its no secret we look for horses that are more likely to perform in their Classic year (as 3 year olds).
Throughout the year we spend a lot of time analysing pedigrees and looking for patterns and nicks. This means that come yearling sale time our information is up to the minute. We believe that this has been a critical factor in our many successes to date and we like to call it the LLF (Lord Lodge Factor).
EVERYTHING YOU WANTED TO KNOW ABOUT RACEHORSE OWNERSHIP BUT WERE TOO AFRAID TO ASK
Bart Cummings is as famous for his 'one liners', as he is for his 12 Melbourne Cup's. One of his most famous 'one liners' goes like this.
After Saintly won the Melbourne Cup, an exicited man came running up to Bart and asked "How much would it cost me to have a horse trained by you, Mr. Cummings?"
Bart gave the man one of his basalisk stares and said. "Sir, if you are asking it probably means you can't afford it."
The moral to the story is that you must never, ever, buy into a racehorse if you do not have sufficient disposable income, to squander, in your quest for a winner and for that elusive picture on the wall with your name in the list of credits.
"RACING IS NOT RATIONAL - IT LIVES ON HOPES AND DREAMS." - Les Carlyon
If and when, your horse does win a race (be it at Caulfield or Casterton) you will enjoy one of the biggest thrill's of your life.
You will replay the video of the race 50,000 times!!! It really is spine tingling stuff, and quite unlike anything that you have ever experienced before. NB I have seen grown men cry with the emotion of it all! True!
1. How much will it cost me?
It would be fair to say that 10 years ago it was possible to buy a well conformed yearling with a reasonable pedigree for around $30,000. Sure you can still buy them but they are very hard to come by.
These days, to buy an animal of good conformation and a respectable pedigree costs in the vacinity of $150,000 +. To be frank, if you want to get into something of reasonable conformation and with a half decent pedigree you need to consider investing $6,000+ for a 10% share.
2. On going costs?
Racehorses are a bit like an expensive car. The cheap part is buying the car. It's the upkeep and the maintenance that is the killer. Generally it costs approximately $39,000 per annum to keep a horse in work. This sum covers everything such as training, farrier, general veterinary work, dentists, rugs, intrastate float fees, regular nominations/ acceptances etc. If you buy into a yearling (referred to as a Rising 2 year old) it will cost approximately $20,000 - $25,000 in the first year, as the animal can spend much of the time in the paddock.
NB. It will cost you extra for insurance, serious veterinary treatment, interstate float fees and big race nomination and acceptance fees.
On the assumption that you are purchasing a 10% interest in a horse, then this equates to approx. $3900 per annum for each shareholder, or approx. $330 per month, only $75 per week. Halve these costs for a 5% interest.
All of our clients who purchase a 10% share in a 'rising 2 year old' are advised to open a horse account at the bank and call it the "Do I Feel Lucky" account. If the client is disciplined enough to place $300 into this account, each and every month, (from the minute that you purchase your share), then he/she will cruise through the whole experience without any angst.
3. When will my horse race?
This question fits into the 'crystal ball' category. Each and every yearling is, as individual, as each and every human being. They all have their quirks and foibles, or strengths and weaknessess. There is a wonderful adage in racing and it goes like this: "There is nothing like a thoroughbred to make you look like a liar or a complete idiot."
Be assured that the minute that you start making sweeping statements about a horse "having speed written all over him/her" it will turn out to be a stayer, conversely the minute you say that "he/she has classics written all over it" it will run 1,590 metres and not an inch beyond. In short we cannot tell you when your horse will run, the horse will tell 'us' when it is ready to run.
This is where the plenty of patience and the long pockets bit kicks in!!!
NB. Always remember we are as keen to get your horse to the racetrack as you are. Horses do not earn money for you or us, when they are standing around in their boxes! If your horse is not phyically or mentally ready to go to the track, then there is absolutely nothing that you (the helper),and and Colin (the trainer) can do about it. Mother Nature is the ultimate adjudicator.
4. Will my horse be as good as EL SEGUNDO?
No!!!!!! - it is highly unlikely that your horse will ever be as good as EL SEGUNDO. Horses like him come along every 20 years or so. If your horse is even quarter as good you can consider yourself to have been blessed.
5. Who makes the decisions regarding my horse?
There are more experts in this industry than there are polly's in Canberra. Three quarters of the crowd on any given race day is made up of grandstand trainers, desperate to give you 'free advice'.
Here at Lord Lodge almost all of the decisions pertaining to your horse are made by Colin, who has the welfare of the horse at heart. He will make the decisions as to where and when your horse will race, any gear changes, who rides etc. The trainer will consult with you if he has to make a major decision, such as do we run in the Cox Plate or the VRC Derby, your horse can run in one, but is not strong enough to run in both.
NB Pray that you have a 3 year old that has shown enough talent for you to have this dilemma !!!
6. How is the prizemoney distributed?
All owners registered and in the race book are now paid prizemoney directly by Racing Victoria. Visit linkhttp://www.racingvictoria.net.au/p_Owners_Prizemoney_Payments.aspx Under the Rules of Racing, 10% will be deducted for the trainer and 5% will be deducted for the jockey. There are a couple of other deductions such as a jockey riding fee and a Work Care Levy.
Once you become a registered owner in Victoria, you will be issued with a Gold Card and unique Owners ID Number which will allow you to receive optimum customer service and enjoy the below raceday benefits
The Victorian Owners Gold Card is your golden ticket to the inner sanctum of Victorian racing – and best of all it’s free!
Visit link http://www.racingvictoria.net.au/p_Owners_Card.aspx
7. Does the jockey get a sling?
Colin has a great answer to this question. "You sling the jockey exactly half of what you sling the trainer." Seriously though, the days of slinging jockey's for winning rides are long gone. Thank heavens!!
There is one instance where the Partnership might make an exception, and that is if the jockey had been getting up at 4.00am each and every morning during the last 3 months to come to the track and ride your horse in trackwork. His hard work and diligence, in this instance, should be rewarded by an additional 5% of the stake.
Here at Lord Lodge we believe that the people who should be rewarded are the staff. The ones who get up at 4.00am each and every day a week. The backstage staff who get to know your horse intimately and provide valuable feedback to the trainer. The same people will sit with an injured horse long after knock off time to comfort and reassure it.
Therefore IF your horse wins a decent race (of $40,000 or more to the winner) then we request that the staff should be rewarded for their effort. The additional 5%, that used to be slung to the jockey, is therefore, these days, slung to staff.
8. Who names the horse?
With up to 20 named shareholders now allowed in the racebook, each shareholder is asked to submit a name, once checked that it is available, all names are then voted on by each shareholder on a 3 - 2 - 1 preference with the top 6 names with the highest voting number forwarded for registration.
It can be bit like the old Joh Bjelke Peterson electoral gerrymander, and can be subjected to manipulation if some of the shareholders band together to rig the vote !!!!!!!!
9. What happens if my horse is slow?
This can be one of the most difficult things for an owner to accept - "after all it is a thoroughbred and they were born to run - right?"
The reality is that fewer than 15% of each years foal drop will ever pay their way.
Should you find yourself with one of the slow ones, and your trainer has advised you to move it on, you should take his/her advice. Sentiment is a wonderful virtue but not when its burning a hole in your hip pocket.
"You can call a man's wife a tart, but never,ever, insult his racehorse." This racing adage is so very true. We have experienced the wrath of a few shareholders who did not 'handle the truth' well. They went on to throw a few more thousand dollars at the animal for a nil result, simply because they went into a 'state of denial' and refused to accept the fact that the animal could not run.
In some instances a horse might initially show a bit of potential BUT owing to a change of circumstance, its potential is never realized for a myriad of reasons (eg injury, temperament issues, breathing problems etc). There are a great many horses that go from looking promising, to down right disappointing in the blink of an eye. Be prepared for a roller coaster ride. One week, your horse may be scorching the turf and the next it can't get out of its own way in a dark night!!
10. What happens if we decide we want to sell?
We can assist the Partnership by selling the horse interstate where it might be more competitive. Alternatively the Partnership can put the horse up for auction.
NB. What the horse brings at Auction is it's market value at that point in time. This figure can change in certain circumstances, such as close relatives performing on the track or a stallion suddenly becoming successful.
Public Auctions can also the best way to sort out any 'serious' Ownership disputes.
11. What's the difference between leasing and owning?
That's an easy one. When you lease a horse you do not own it. Therefore there are just 2 scenarios - if it turns out to be a goodun' ánd if you do not have a ''buy out clause'', then you will have to hand the horse back at the end of the lease. The upside is that if the horse is a slug, then you can send it back to the owner with a little note attached to its mane saying - "Thanks but no thanks."