Leasing a share in a race horse
 

some of you are aware that last year I leased a share in a racehorse via EERC. I had always followed Patsy's enthusiasm about the horse racing and thought I would give it a bash. Well I loved it!!! it was absolutely fantastic and something that I honestly didn't think I would enjoy as much as I did :) The new EERC brochure is out and shares are selling fast. If any one is interested I can e mail you a copy of the brochure, so PM me your e mail ID. Prices start at 1750 dhs for a lease share for the season. This doesn't include tickets to the World Cup though, to get into that you need to either buy them yourself or join up with SILKS. Patsy and MM are both Silks members so they can explain how that works.

Just thought some of you might find this an interesting new hobby :thumbup:

Re: Leasing a share in a race horse
 

Actually, we are not Silks members, we are members of the Dubai Racing Club and Silks is the Name of the Members lounge and bar:)
Nitpicky I know, but when the World Cup comes around we, as DRC members, get complimentary tickets into Silks and other people have to buy the tickets:D

Re: Leasing a share in a race horse
 

oops! told you I didn't know much about that side of things! yes as members of the EERC syndicate World Cup tickets aren't included, we just buy them when they are released for sale. I didn't go this year but will be there next year for sure ;)

Re: Leasing a share in a race horse
 

so really, it's much better value just to get the membership...sod leasing a hair on a horse's tail...:D

MM, xx

Re: Leasing a share in a race horse
 

depends I suppose, I like being able to have access to the paddock if one of the horses is racing, and I love Jebel Ali racecourse. Your package doesn't include the Jebel Ali meets. I think the DRC one is more for the social side of things. We have regular stable tours as well, it is more horsey so to say!!! either way it's great fun! :thumbsup:

Re: Leasing a share in a race horse
 

Had a one-tenth lease share on a racehorse in Melbourne. Ended up being a rip off or an expensive hobby. The share costs were used mostly for stabling and training. The horse was 16 hands high - probably too big to win anything - it never did. However, if you can get a share on a horse that has very good potential, that may be a different story.

...though, while it lasted - it was great to say you owned a race horse (even though it was a share).

Re: Leasing a share in a race horse
 

I agree it can get quite pricey when you actually own a share. I have both I have a share in a horse in the UK which is costing me 20 quid a month which is nothing. Here I can either get a share and pay all costs etc or just lease one and never pay another Dirham and if that horse wins I still get a share of the winnings! Some friends who invested last year got their return within months. Horse racing is a gamble, but if you lease then there is no risk.

Re: Leasing a share in a race horse
 

What a total load of B*llock BC............if I wanted to go to the paddock, I have enough friends who are proper owners..ie they own the whole horse, not just 1500dhs of it! I can also go to Jebel Ali any time I like..lets face it sweetie, at JA you can just go and sit on the grass..If you wanted to do such a thing!!! JA doesn't have a bar..enough said!!!
I have seen you all in the paddock darling.........usually it is 1 horse,1 trainer,1 jockey and 1 owner or the owner with family, but I saw you syndicate lot in the paddock..as above only 28 very small part owners!!! I 'm not knocking it sweetie, it is a cheap way to be involved without paying 5000dhs for membership to the DRC.

As a member of DRC I know the horses that are running, their fitness,their rating, handicaps, Sires and Dames and any other info I need to enjoy the racing. I am at the races every single meeting and have been for the last 4 seasons..even when DRC had less than 100 members, some nights in the winter when it was p*ssing down with rain there were only 6 or 7 of us there.

I was asked this year if I would like to be part owner of a racehorse but it would have cost me 10,000sterling so I declined and that was just for a leg of the horse..not for 0.5% of 1.
Oh and correct me if I am wrong BC but the horse you paid your 1400dhs for hasn't raced yet has it???

Re: Leasing a share in a race horse
 

I hear you are working to promote Justin now sweetie..good for you.;)

Re: Leasing a share in a race horse
 

5000AED for membership PS??

what do you get for that?

Re: Leasing a share in a race horse
 

that is a joint membership, so you pay 2500dhs each
you get entrance to every race night through the season, which if you were coming as a guest of a member of the DWC would cost you 180dhs and there are approx 16 meetings. Members of DRC have 2 private boxes directly in line with the winning post and overlooking the paddock, their own bar and comp buffet.
You get invitations to the private launch parties for you and a guest throughout the year, comp ticket to the Desert Party before the DWC which is worth 1000dhs and a comp ticket to Silks for the DWC which is worth 1500dhs

Re: Leasing a share in a race horse
 

Ouch! Cat fight!
Sounds like someone has put someone else well and truly in their place...

Re: Leasing a share in a race horse
 

You don't have to be a member of DRC to find out that information Patsy it's all on the DRC website. Whilst you may know many owners at Nad Al Sheba not everyone does so they don't have access to the paddock etc by being members are DRC. Jaad didn't race this year no, not that it made a blind bit of difference to be as all I spent was 1400 dhs and that got me to every single race meeting anway. It was more of a social investment so to say. 40,000 quid for race horse is pretty cheap :thumbup:

Re: Leasing a share in a race horse
 

you heard wrong Patsy, they are just good friends of mine ;)

Re: Leasing a share in a race horse
 

So basically even if you only go to the Desert Party and Silks for DWC its paid for itself?? How many memberships do they have?