Outmaster
Paul Nicholls
There is one other partner in this horse, who owns 25% of the shares. This means that once 3400 shares have been sold, the syndicate will be full.
Unlike other syndicates, Old Gold Racing does not charge owners VAT. This means that there is no need to reclaim VAT and that a share represents a greater proportion of the racehorse.
At the end of the syndicate term any unspent funds are returned to owners pro-rata. These funds can be withdrawn or used against the cost of renewing or purchasing a share.
THE SHARE PRICE BREAKS DOWN AS FOLLOWS:
Racehorse Value
£21.80
Training & Vet Bills
£9.49
Insurance & Racing Fees
£4.29
Management Fee
£18
Contingency
£6.42
Total
£60