Frequently Asked Questions
Answered by: the team @ BPM Bloodstock
Before you buy
Whilst the purpose of the syndication is to race for entertainment, recreational sport, and financial gain, not all racehorses will win or place in every race. No guarantees can be made by any party that any standardbred offered by BPM Bloodstock is assured of racetrack success. Even though a lot of time and effort is put into finding the correct horse that should run well in Australian races, there are inherent risks associated with owning a horse that include risk of accident, injury, or disease that can lead to a failure to compete in or win races.
Many hours are devoted to analysing races to find the perfect horse for our racing conditions. BPM Bloodstock procure horses from New Zealand and Australia to be competitive in your state. Shares available for ownership are found on our website with shares usually offered in factors of 2.5%. For more information about our horses and to get involved, please contact us here.
In total, training bills are approximately $2000 per month, with each owner paying for their share of the bill. Additional cost may incur for extra expenses, such as a vet bill. Part of the initial cost of buying a share may cover the payment of the first month’s bill. BPM Bloodstock hope that all syndicated horses win prizemoney to cover the on-going cost of the horse. Mid-week races are usually worth $4000 for a win, while weekend Metropolitan races are usually worth between $7000 – $10000 for a win.
Each owner of 5% or greater of a racehorse will be entitled to have their name appear in the race book. Where a share of less than 5% is owned, there is no guarantee that your name will appear. If this is the case, then your share will be registered under the syndication name.
After you buy
BPM Bloodstock aim for transparency in billing accounts. In the second week of each month, all owners will be sent an update of the account ledger kept for your horse, which replicates the bank account showing all bills paid and prizemoney collected throughout the prior month.
When receiving an invoice, you will have 14 days to pay the owing amount. If the amount has not been paid after the due date, BPM Bloodstock may serve a written notice demanding payment be made within 7 days. If the amount remains unpaid, the owner, by default, relinquishes any shares in the horse. The defaulting owner remains personally liable for any unpaid debt.
BPM Bloodstock strive to deliver to each and every owner an exciting experience, along with constant communication and supreme service. As an owner, you are given the opportunity of being part of an incredibly special group of people who enjoy the thrill of watching their horse race. You will have the chance to participate in an ‘Open Day’ at the track or stables to meet the trainer and your horse, along with staying informed on present and future plans for your horse.
Additionally, you will be granted stable access during race meets and free entry to major race meetings (when your horse is engaged to race). You will also a receive a BPM Bloodstock cap to showcase joining the special ranks of our BPM family!
Horses are not able to train all-year round. BPM Bloodstock, in conjunction with the trainer, will develop a plan that combines both training and spelling periods. When racing, you can reasonably expect your horse to race weekly to fortnightly. Spelling periods vary in length of time depending on the needs of the horse and the targeted race meets, which can be as short as a 10 day freshen up, or as long as an 8 week break. This does not take into consideration the time required to get your horse back to race fitness.
Our horses race all over the eastern seaboard (VIC, NSW, QLD, SA) however we are primarily based in Sydney. Your horse may start it's BPM racing career in one stable but can change to another stable in a different state if this is more suitable to the horse's racing style.
All prizemoney goes into an account handled by the syndicate manager. If your horse is on a deal, money is distributed to each owner usually at the end of each racing prep, or after large winning prize money has been cleared from Group races.
If your horse pays monthly training bills, then this account is used to pay the monthly training bills. At a point deemed reasonable, money is distributed back to each owner, keeping in mind that money will remain in the account to pay for future training bills.
Once your horse is sold or retired, the account will be emptied with all money distributed accordingly.
BPM Bloodstock send out regular updates about your horse through email and the Prism App. Pre- and post-race emails are sent to all owners, which include how your horse has been training, an analysis of the field, main dangers and your horse’s race strategy. If your horse is spelling, emails are sent as needed to keep you updated with how your horse is fairing. In addition, BPM Bloodstock keep you informed about the progress and welfare of your horse, and any additional charges that may occur.
It is the responsibility of each owner to advise BPM Bloodstock of any changes in contact details.
BPM Bloodstock takes no prize money in horses that pay monthly trainer bills. In this case, all prizemoney earned by a horse is proportioned to each owner’s shareholding, including those owners registered under a syndicate name.
Where a horse is bought under 'no more to pay' deals, BPM Bloodstock negotiates with the trainer to get the best possible deal for owners. Prizemoney for owners will range from 45% to 50%, depending on the quality of the horse and the needs of the trainer.
Need to know
Harness Racing is a fickle game. Horses are breathing, living animals and like an human athletse, the possibility of injury is real. In this case, BPM Bloodstock has the right to offset these costs against any prizemoney the horse earns. If there is not enough pirzemoney won, then BPM Bloodstock will continue to pay for the bills until the horse races again. At this stage, BPM Bloodstock will be reimbursed of any additional costs through the priemoney won. This way, the owners are assured that they do not have to dip back into their own pockets to pay any more.
These additional bills can include, but aren't limited to vet, agistment , travel and pre-training bills.
BPM Bloodstock recommend downloading the Prism App and signing up for notifications. It is through the App that you will receive live updates on race day including photos, videos, and any key significant changes in the market. This is a great way to receive specific notifications on your horse with valuable racing and training information.
Signing up to the Prism App is not necessary to receive information on your horse as all correspondence is additionally sent out via email.
BPM Bloodstock offer a cooling off period or either 7 days or until horse documentation is submitted, whichever comes first. Once the documentation has been submitted, your share is finalised. BPM Bloodstock needs to be notified in writing of any changes to the purchase within this timeframe.
Yes, you can. In conjunction with the syndicate manager, we can organise for you to visit your horse and speak with the trainer. We also hold an ‘Open Day’ where you can meet other owners and BPM Bloodstock syndicated horses at the trainer’s stable or at the track. Owners are encouraged to visit their horse in the stable pre- and post-race, to take photos and meet other owners, bearing in mind that the trainer will be busy prepping the horses for racing.
Track and stable visits cannot be guaranteed during Covid restrictions.
The welfare of our horses is vitally important to us, both on and off the racetrack. In the circumstance where a horse races until the end of its career, BPM Bloodstock will do everything in our power to rehome your horse to ensure a high quality of life beyond racing. We currently have two retired broodmares and a gelding enjoying the beautifully wide countryside of Young, as well as another gelding who is competing as a show horse.
Additionally, NSW Harness Racing have a re-homing program for the retraining of standardbreds. The Re-Homing Program opens avenues such as companion riding, social opportunities, and rewarding programs for disabled riders and other special needs groups for retired pacers and trotters in rural NSW.
If your circumstances change and you no longer wish to have a share in your horse, BPM Bloodstock will endeavour to help you sell your share. Your share will be offered to existing horse owners at a negotiated price. If this is unsuccessful, BPM Bloodstock will advertise your share online but cannot guarantee the sale of your share.
Until the share is sold, the owner must continue paying for any outstanding bills. In the case that all avenues are unsuccessful in selling, you can relinquish your share, if and only if, it is agreed upon by BPM Bloodstock.