Buying into an NH Horse with Martin Keighley Racing Partnerships
Buying into the Athletic 3yo Grey Gelding, Sporty Yankee, with a Cheltenham Target, for Martin Keighley
During the Autumn 2016 Owners for Owners, in conjunction with a couple of friends and co-owners, have been working closely with Martin and Belinda Keighley to set up their Racing Club and expand the number of partnerships within their yard. The first partnership horse, City Never Sleeps, was soon sold and we are delighted to have a second partnership horse now available. For several months we have been looking for a 3yo Flat horse to switch to juvenile hurdling, and Sporty Yankee definitely meets all the criteria we set.
If you would like to be involved in this ten-owner partnership for the 2016/17 season and wish to view the horse at Martin Keighley’s, please contact Jon Hughes by phone on 01451 850780 or 07958 763159, or email email@example.com. Purchase price of the horse, for a one-tenth share, is £4,650 + VAT (which will be reclaimed) and the annual cost per partner is £195 per month from 1st November 2016.
Buying a tenth share in the 3yo grey gelding, Sporty Yankee
- Total purchase price of the horse, bought privately out of Karl Burke’s Middleham yard, including agent’s commission, vetting, transport, keep to end October and first year mortality insurance: £46,500.
- Purchase price per tenth share: £4,650 + VAT (reclaimed for each owner), paid as a lump sum on joining this Martin Keighley Racing Partnership.
- The ongoing monthly fee is £195 from 1st November 2016, including all the “usual” expenses associated with the training and running of a racehorse, e.g. training fees, transport, shoeing, clipping, physiotherapy, normal vet’s fees + associated Weatherbys fees (race entry, jockey, banking and registration).
- All prize-money and VAT to be returned directly to the partnership.
- Horse to race in the colours of Martin Keighley Racing Partnerships.
We were delighted to acquire Sporty Yankee as the second Martin Keighley Racing Partnership horse, particularly as he was due to go through the Tattersalls’ Horses in Training Sale at the end of October and could have sold for far more money. Bought privately out of Karl Burke’s yard in Middleham, other top NH trainers were equally keen to buy him. We only got him through our close relationship with Karl, as our only OfO Flat trainer.
He is a strong, tough, good-looking grey with a great attitude. Karl brought him along steadily and it was only in the second part of this year’s Flat season that he started to mature and realise his potential, particularly on softer ground. In his last six races he has won twice and placed twice, with his best performance at Ayr in a 1m 5f handicap where he made smooth headway from the back of the field and sprinted clear. Karl feels that there is more improvement to come on the Flat off his OR of 75, and even reckons he could be aimed at a valuable staying handicap on the Flat such as the Cesarewitch next year. However, the immediate plan is to concentrate on juvenile hurdling throughout this winter.
Plan A is to target the Triumph or Fred Winter Hurdle at the Cheltenham Festival in March. If that proves not to be possible, Plan B will be to win novice and then handicap hurdles with him.
Sporty Yankee, however, meets all the Cheltenham criteria set during our search: a tough handicapper with winning form; stays well; properly sound of wind and limb; acts on softer ground; an athlete with natural agility and tactical speed; and an improver. So, let’s be optimistic, and next year’s Festival here we come!
Our horse is American-bred, from a classic Sadler’s Wells and Northern Dancer bloodline. His sire, Paddy O’Prado, was a Gr.1 winner over 1m 2f, stayed 1m 4f and was 3rd in the Kentucky Derby, while his dam Fun House produced Untapable, who won the Kentucky Oaks and over £2.5m in prize-money. Sporty Yankee’s dam, I Insist, was a dual winner, placed seven times, and her six runners have had over 15 wins between them, definitely improving with age. She is from a very strong Group-winning family in the US.
Number of Partners
- The number of partners is 10.
- Owners should be racing enthusiasts, combining optimism with realism.
- Full involvement for all partners in key decisions.
- Horse to run in the colours of Martin Keighley Racing Partnerships.
- We monitor all costs carefully every month and do everything possible to keep costs to the necessary minimum. However, it can be quite difficult to estimate the costs for National Hunt, particularly veterinary work, so the above should be regarded as indicative only.
- Budget for annual training fees and associated costs are estimates. Precise amounts will vary, depending on time spent in full training, number of runs, transport costs, veterinary requirements, etc.
- Precise annual accounts are produced, with all surpluses distributed to the partners.
- All our costs are completely transparent and available to all partners. There are no mark-ups or hidden margins.
Regular Communication to all the Partners.
- Martin Keighley Racing and Owners for Owners are committed to ensuring that every owner is actively involved with the horse, the yard and the partnership. There is complete openness on everything to do with the horse and its training.
- This web site is updated regularly, and every owner will receive regular updates on the progress of their horse(s) as well as anything relating to likely race targets. There will be lots of photos, videos and open access to visit the horse at Martin’s yard and enjoy the whole Keighley experience.
- Detailed partnership principles are available for every horse and can be obtained from either Paul Davis or Jon Hughes. We have gone out of our way to make everything completely transparent and easy to understand.
- All decisions on continuity to be made by the partners, taking on board the recommendations of the trainer. We will have an annual review with the trainer and this will determine the ongoing plan.
- All prize-money, and any budget surplus through VAT reclaims etc., to be returned to each partner as an annual dividend.
- The horse will be sponsored, enabling VAT to be reclaimed and credited to the partnership.
- All the administration will be done by the Owners for Owners team on behalf of the partnerships, and all we want to do is cover the necessary administration costs, e.g. VAT reclaims, book-keeping, preparation of annual accounts, administration of registrations etc., and web site updates.