Radio Interview with Mark Burckhardt – How Racehorse Syndication Works

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Wayne Bucklar:  You're listening to Business Radio Talkers.FM. My name is Wayne Bucklar and in conversation with me today is Mark Burckhardt, Director of Regal Blood Stock. Mark welcome to the program.  


Mark Burckhardt:  Good morning Wayne, nice to be here.


Wayne:  Now Mark I could have a guess what Regular Blood Stock does but I'm in one of those moods where it would be silly so why don't you explain to us what you do, and who you do it for and where you do it?


Mark:  Yes, certainly. So pretty well Regal Blood is all about providing people with unforgettable experiences and when I say that is we're looking to chase, certainly from my point of view or what I've actually experienced in life - there is specific moments in your life that you'd like to remember and cherish and one of those things for me was definitely the horse racing and winning my first race as a young owner. This experience it's captured me for pretty well most of my life and I'd like to be able to pass it on to other people. Look, race horse indication is about basically what I do is I buy horses at value, I go stay do the pedigree analysis of horses about three months prior to the major sales, I then get a bit of blood. A couple of people that work closely with me to go on in inspect horses on the farms prior to the sales and then on the sales and sales day themselves we go in and do the last inspection. We work out a value for the horse and then we determine a very good price which we expect that the horse may go for on our shortlist and then we go bidding. And then once we were able to achieve a price we're looking for, that horses we are buy. We buy for our customers and then later on, we break those horses into shares to make it affordable for customers to actually race a horse and have the experience just like being a sole owner. So basically a person that buys a share in a horse has a full privileges as a full-fledged owner and I think that's a wonderful way for people that racing is a very expensive hobby as most would understand. A decent-size commercial racehorse, it would be starting in a minimum prior price around about $80,000 and yes upkeep costs around about 35,000 a year with a trainer. So we breaking it into shares, the optimal option is around 5%. I would say it's a starter and if you bought by 5% share it's certainly a viable prospect for people to really enjoy the experience of owning a racehorse. Certainly they have the full privileges as a normal owner or a sole owner would occupy.


Wayne:  Now Mark, lots of questions come to my mind here and I'm sure for lots of people this will be a new concept. So when you syndicate a racehorse, how many people are in your average syndicate? How many people are you co-owning with?


Mark:  That's a very good question and recently legislation has actually changed again but you can have up to 50 people in a syndicate. Actually racing a particular racehorse under the current model, yes. So it is a very good experience, I mean to me, early in the days I used to race horses individually and also with a couple of close friends. But I can honestly say to you, the experience is much better with more people and thus therefore I've actually followed my passion and decided to open a syndication company and embrace that and actually opt to try bring more people involved into racing and certainly with the horses that I have raced myself. There's no feeling like having 15, 20 people all supporting or even greater supporting our particular horse and following it through for its path, its journey. Yes, it's a fantastic experience.  


Wayne:  Now this brings to mind timeshare a little bit and some of our listeners will have had experience with joint timeshare on luxury boats and maybe some apartments and stuff and there's issues about management decisions and issues about who gets to use the boat, what weekends, and where. How does syndicated owning of a racehorse overcome all those sorts of problems?                                                                                                            


Mark:  Firstly, if you're a 5% owner or if you have a minimum of 5%, when it comes to timeshare there is no such thing, as you’re an owner. You have 5% and you have all privilege as an owner. That means you have access to that horse when you require that, you'll get communication as much as you wish to have. So for example you're able to get access to the trainer or to myself in regards to feedback and our updates. In regards to the horse, you are able to visit the horse. So you're able to go across that whole journey and be part of that whole experience. None of those privileges that you have as a single owner are off the table if you're a minimum level 5% owner.                   


Wayne:  Right. And what about the decisions about how the horse is handled? Are they made by vote or are they made by someone else? So how does that give in? 


Mark:  That's a good question. So obviously, I would consider myself reasonable professional in the industry now. I've been involved in racing for over 20 years and of course the trainer is certainly the expert when it comes to this type of matters. But look everyone, the most important thing about syndication is communication and when you do have regular updates at least once a week with all owners and via social media or email etc or telephone call as wished - very, very few issues arise. Of course every person does have a say, and anything as dramatic happening with the horse, any sort of changes or etc, must be communicated and also signed off by all members. But I found in my experience by and large, communication is the most important factor and as long as it's transparent and that the information carries forth and everyone knows exactly what's happening with the horse, very few problems arise.  


Wayne:  Now it does sound like a very clever way to make a start into horse racing. Now you describe it as being the experience that's the valuable part, just tell us about a little bit more about us for those people who haven't experienced the races other than perhaps as you know a few glasses of champagne in the backyard on a Saturday and that annoying occasional galloping goes past in front of them. Yes so you've had a very different experience as an owner I imagine, give us some sense of what that's like.


Mark:  Let me break it if I may, I may lead into a story, which one of my first horses and one of its just like I mentioned before it's about these unforgettable moments. And one particular story that does come to mind was when my very first horse I owned actually had a race or was having a race at Randwick. Now as a child, I absolutely have a deep passion for racing, I wanted to be jockey. I just wanted to be involved in racing and I'm sure there's many people out there that feel exactly how I did. It's like any sport, once you've got that desire, you just want to get as close as possible and actually feel that and experience that and be part of that. So every horse has a character, they all have their temperaments and just funny ways about them. When you actually own a horse you actually get to see this and it's not just about the horse, it's about the team that plays for that horse. I mean you've got the trainer, you've got all the people that work with that horse. You're actually riding these very big waves that goes forward and end to that and you it's an incredible support or feeling and you do feel being part that, being involved in that horse. The horses had all different like I mentioned characteristics, some horses are very dominant, some are very recessive, some horses like to race in the front, some like to run behind. You get to know your horse and what type of characteristics are dominant in that particular horse and you get to observe the strategies and you get to follow that part with that horse on its journey and that's the most exciting things. Like I mentioned there was a story, I had a horse that it actually was quite a gifted horse. It won pretty well on every race track except in its home track which is a Warwick Farm and we couldn't understand why it was winning there and horses are very much a routine animal and this particular horse. When it came to race day we had a look at it at the farm and it basically just went berserk, it went crazy and what we put it down to basically was the horse normally gets trained very early in the morning around about three o'clock when it's dark. And basically it goes through its processes, well this horse on its home track could not relate to being out in the middle of the day and having all these people looking at it. It just broke its routine and mechanism so this horse, it was very much shaken up, it was nervous and etc and basically didn't perform on the track. So what we did was we actually we actually put it into a cart, into its horse cart about two hours before the race, drove it around the track three times and then brought it back into the stable and then associated it, knew what the race cart was or you know the actual flow. It understood that “I'm in the float that means I must be up for a race. I'm going to do that.” It understood that particular part of the routine and as soon as we did that by taking it around the track a few times, put in the back in the stall the started winning races on that track. And this is just one story that of thousands that I could tell you about in regards to racing and all those little quirks that race horses do have. And yeah, it is quite touching when you actually see once you work out the key to a couple of them and see the results. It's just amazing being part of that experience.


Wayne:  I can understand why you're excited about it.


Mark:  Absolutely. Yes, and being part of that I truly believe yeah it is something special and when a person actually has their very first race then they'll know exactly what I'm talking about.                        


Wayne:  Mark thanks for sharing that with us today. For people who want to know more about Regal Bloodstock or who want to talk to you, how can they connect?


Mark: Well they certainly can go to my website which is a They'll be able to track all the horses I'm currently are syndicating at the moment and they'll be able to get a wealth of information there and obviously get in contact with me if they're interested to get further information about those horses.                                   


Wayne:  I've been in conversation with Mark Burckhardt, Director of Regal Bloodstock and if you just joined us and missed our conversation, the good news is on our website we have a transcript, we also have an audio archive on both SoundCloud and YouTube. This is Wayne Bucklar, you're listening to Business Radio Talkers.FM.

An Interview with Peter Gelagotis

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Here is the Transcript from a very interesting Interview I had with great Trainer Peter Gelagotis. I hope you may enjoy it!

Mark Burckhardt: Peter, good morning and welcome. It's so nice to catch up with you today. Your passion for the industry, determination and willpower to succeed is second to none. Can you tell us a little bit more about where it all started?

Peter Gelagotis: It started obviously from our parents who were migrants from Greece. They left their home country in difficult times and they come to Australia and they hung onto those strong values that they had in the post-war era. Particularly my dad, he was a very hard taskmaster, got a very passionate racing man, loved all codes and dabbled in each one and the latter being the thoroughbreds. He started the business. He was an owner and the property that we currently train from at Moe, was fairly set up for horses when Mom and Dad bought it. They decided, "I'm gonna have a go at this myself," and the business just grew from there. Then we are where we are today.

Mark Burckhardt: Look, you've achieved success at the highest level with some horses and recent times even with the Group One Weight For Age Champion Mourinho, Champion three year old Havistan and of course Malaguerra. What would you say would be your favourite horse you trained? What made those characteristics special to you?

Peter Gelagotis: Look, I'll always say Mourinho because obviously he's my first one, and it was a horse that we purchased ourselves as a yearling. It was always a tough battle with him. He showed great promise and delivered some early blows with victory, particularly in the Tasmanian Derby, which was, I think, probably the most second stakes winner at the time. I had a couple pride of that at least at level. But he was my first for the group winner. Tasmania. It was still great achievement. The horse had a lot of issues along the way. Sustained a tendon injury. He had that ability to regain soundness and also had longevity with him and to achieve what he did over a long period of time was sort of sits high up on my list of personal achievements and it's given me a lot of confidence going forward into handling these top end horses.

Mark Burckhardt: You've achieved so much in racing, but what would be your greatest goal or motivation that keeps driving you now? Is there any specific race that you'd want to win or is there any specific thing that you'd like to achieve that just keeps you driving, because all successful people or at least ... Most successful people have this goal that they place out there. Something to work towards. What would yours be if I were to ask you that question here and now?

Peter Gelagotis: Honestly, my motivation comes from the people that surround me. I'm very fortunate and blessed to have some very, very solid family people who have amazing persona, amazing work ethic, and I feel like I'm obligated to do well for these people because I see such success in what they do and how they present themselves and their families above foremost and above all else. I think you go to the rawness of life and life skills, it's an acquired skill. You lead and you experience and you become a better person and I find that's my motivation to do well for the people who believe in me, who support me unconditionally and I've been very fortunate over the years to have that comfort to train under those circumstances because it's a very tough industry to do it solely and holey, so we've always had a backup in our own business. There were years we were very self supportive of our horse business, but as we've gained success we've gained the support of some very good owners and those people are successful people, motivated people. That's all rubbed off on me. Given me that drive to be who I am today.

Mark Burckhardt: I totally respect that Peter. That's one of the things that draw me towards yourself. It's a passion that you show and a sense of obligation that you're talking about for the people who are around you, who work with you, who were raced with you. I had that same feeling for myself and it goes beyond the actual horses themselves or your own personal goals. It's about the people around you who really make it special, isn't it? Yeah.

Peter Gelagotis: Absolutely. My parents always had these little sayings. God bless my father. He's passed away now. Nearly five years since he passed away. Him and mom always had little sayings. My father used to always say, "Son, one piece of string breaks very easily, but if you combine ten pieces of string, they don't break. It takes a lot more to break." What I'm alluding to is strength in numbers.

Mark Burckhardt: Yes.

Peter Gelagotis: When you're a united group you are a force to be reckoned with and if you have people supporting you that way it's amazing. And from a managerial side of things, my father use to say to me, and obviously my mom, "Don't let money be your motivation. Let your actions speak for you." So you know, put in an honest days work and you'll always get an honest days pay. So these are the things I stuck to Mark – Simple/Stupid, and it works. It's been a key and a catalyst in my rise in the ranks in this wonderful and colourful sport we all try to participate and be successful at.

Mark Burckhardt: We're really excited to have that alliance we've built with you now. With Regal Bloodstock. I'm really excited to bring these horses across to you. Our Reward for Effort colt and our Testa Rossa Filly. What do you think about these two yearlings that have come across to you? You were there with me at the sales. Were you quite impressed with what you saw?

Peter Gelagotis: Absolutely. And the bonus is that they’re VOBIS GOLD qualified horses. So you're covering bases. You're giving prospective clients from your behalf I believe, the opportunity that if you have the pleasure early, you can make some solid in roads to return on your capital. Both of these horses at the moment are at the Breakers – Julien Welsh at Booralite Park. From all reports, they're going along nicely and everything is positive. I think that sale is a very lucrative sale. Obviously Malaguerra came through that sale and there's these opportunities there. I think on your behalf, it's very, very clever purchasing to give them, your prospective clients, the opportunity to possibly get a little bit better average return on investment. And the fact that you've chosen us, I hope in time we can only enhance what you're trying to set out to achieve and we can do it again. United. Together. And be a force to be reckoned with in our own right, or in your own right for that matter.

Mark Burckhardt: Well certainty and I do remember from that sale, we did go ... as we were talking about the team thing, I do remember we all went in as a team to bid for those two horses at the styles and it certainly was a great result. Peter, I really thank you so much for your time today. It's just really great to have you on board with us at Regal Bloodstock.

Peter Gelagotis: I would say that's reciprocated by many and myself. I think the way you conduct yourself and the way you've gone about your business is very professional and I think anybody that wants to get associated with yourself and your brand, I think they can't go wrong. Like I said before, we thank you immensely and hopefully there's a little bit divine intervention above to give our horses the longevity and soundness above all and foremost. And if they got the ability, we've been in the game long enough now that we can do a job and happily present these horses come race day and enjoy some success together.

Mark Burckhardt: Well I have no doubt you'll be able to get the best out of them. And thanks again for today.

Peter Gelagotis: Mark, it's a pleasure. Thank you.

Mark Burckhardt: Thanks Peter. Thank you.

Factors Important to Success In Racing – Trainer

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How important is a trainer to your overall success in Racing? A short answer - Immensely!

Racehorses are bred with one key aspect in mind - Speed! They are not bred for temperament, looks - not even constitution. With a population inbred for this particular trait, you can imagine that we would encounter huge variations based on hereditary factors throwing traits equally not desired. A great example would be stallions such as Thunder Gulch, Woodman through Mr Prospector whom threw out gifted gallopers but often with ordinary legs (turned out off front legs). It was common to see very good gallopers from this line - however with limited racing careers.

The answer is you need a trainer that is astute enough to pick these issues early and prepare a horse's career to maximize its potential.

How to pick a suitable trainer ? Well this is not as clear as most would think. When I ask fellow owners what led them to their decision, they usually state the following, "I went with trainer X. He / She is a most famous and successful trainer whom has won X group races. My trainer holds an 18% winners strike rate and leads the Premiership!"

Sounds like a fair and sensible decision! However, I believe this strategy would not be the most ideal for the individual owner or investor in racing.

As i mention in a previous article 'Regals Landing Page', up to 80% of the top races are won by the Commercial Operations and high profile owners whom have made large investments into the industry. They have the exposure, power and earnt credit to ensure their investments are programmed and catered for from the start by the big name trainers. Racing is a Business and they are the breadwinners for many high profile trainers whom ensure this is returned with results. Where does the single owner/ syndicate share owner sit in this process?

Let me outline a couple of important statistics which I look for in a trainer:

1. Winners / Average Prizemoney to Owners.

Total number of individual owners the trainer had during a period analysed with the % owners which won at least one race. The average prizemoney gained by any particular owner racing with the particular trainer.

This quickly breaks down the trainer's ability to deliver result to the collective group racing with him/her.

2. Percentage of Owners (per galloper) winning over $85,000 in Prizemoney.

This allows us to gain an understanding of prizemoney spread between client pool.

3. Lastly, (although you need access to TRB database for this) - Average Prizemoney won / Average cost price of galloper raced (in a racing year)) x 100 to gain = +/- % profit.

This gives you an understanding of capability of trainer to deliver results nullifying quality of galloper.

This gives you a very good understanding of which Trainers are most capable and focused to towards Commercial Operations or towards the entire sum of owners collectively.

I hope you might find these statistics useful and apply them. Believe me, this knowledge alone may save you many thousands of dollars and greatly increase your chances of success!

Let me break this down into something more tangible. Here is an example:

Two trainers - 'X' and 'Y'

Trainer X sits between No.1 and No.2 on the State Training Premiership most years. He holds a 17% strike rate and has up to 120 horses in work at any time in his stables. In a racing year he/or she could have up to 300 horses going through the stables. Due to popularity, he has plenty of gallopers at his disposal. With this sort of flow/numbers, what type of horses do you think he will focus predominantly on? That's right, the young precocious ones. This makes sense. Horses that come to hand quicky and return results, earn their place to remain in the stable. The rest are moved on. This maintains the high strike rates and allows the flow of horses through the stable in relation to the highly valued boxes which is limited.

If you are not a Commercial Investor and have a horse that is immature and needs time, it is unlikely your galloper will have the opportunity to see it through to it's full potential.

Question: How many stayers have you seen raised from the age of 2 yrs by high profile trainers? You will find that almost all successful Classic distance horses trained by high profile trainers are Imports with all training and yards already put into them!

Trainer Y sits within the top 10 of the State premiership. He / She holds a 17% + strike rate and has up to 40 horses in work with up to 80 horses in a calendar year. This trainer is on the up but does not hold as great connections/fame. He/She makes ends meat through supporting a wide range of different owners and gallopers. He / She has a range of types - young sprinters, older stayers dealing with all the issues and idiosyncracies that each galloper possesses. However, he keeps a close eye on them, straps them up and prepares them to produce at their peak each and every race.

Which trainer would appeal most to you? Which trainer do you feel would provide greatest platform for your horse to reach its full potential?

Well let me answer on behalf of myself. In the past i have had a number of horses with trainers such as Gai Waterhouse. I was Sydney based and I did have some successful gallopers such as 'Party Crasher'. As a Syndicator, you would think it would make sense to send my gallopers to a high profile trainer? Plenty of visibilty and at least in the short term possibly much easier to sell up my shares due to the influence of the trainer.

However, for the reason as previously mentioned - I was looking for a trainer on the rise whom would provide the necessary focus on my thoroughbreds to maximise their potential for success. My goal is to win a Group 1. I want consistant results over the long term and hopefully grow with the trainer.

I was very keen on the data related to Trainer Henry Dwyer in Caulfied. A  trainer on the rise, stationed at Caulfield. Very well respected with his owners and peers and also well known for being transparent and honest. Other assets include being well educated and a good Communicator.

I gained some assistance from a good friend to enable contact with Henry. I then visited his stables and looked over his operation. Henry is a very 'hands on' trainer with a good staff base behind him. His stables are maintained in great order. He also has a smaller operation in Ballarat whereby he effectively interchanges his runners in need for a change in scenery. I then went through to look at his feeding program for horses in work. Feeding regime was very much focused to each particular galloper - not just boosted protein supplements to drive the galloper forward in shortest period of time. Each horse is programmed and Henry is patient enough to see them through and persevere through to end goal. Henry is very focused and driven for success. In my opinion I could not find a better platform for my horses.

It did not take me long to decide what to do. I had a long chat with Henry and shared my vision and goals for my company. We agreed to join an alliance and I have transferred all my horses (and myself) to Melbourne.

In life, we all encounter opportunities which can change our life in a most significant way. Some are not simple changes but nevertheless we have choice to make them. This was one of these moments.

Regal Bloodstock now has the platform to deliver. Please feel free to share your thoughts and i hope that we may have a chance to catch up on Regal Bloodstock's , July 10th.

Success and Racing

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What make's an individual successful? What do they do which is different to the everyday person? Are they many times smarter? Do they work many times harder? Or are they just many times more fortunate?

The truth is that none of these factors are integral to success. I have met many successful people and what I have found is this. In whatever routine they have discovered which leads to results, they become fanatical about it. They then follow this routine religiously, refine and improve it. They then stick to this strategy and implement it over and over again.

By all means do a little reasearch yourself. Observe some of the key strategies of some successful people you know or take a public figure and read their biography. You will observe the same pattern.

The same things are repeated. They have a vision or goal. They carefully plot exactly what it would cost (money or time) to live out this vision or goal. They then formulate a plan on how to rise towards it and continue to refine and improve until they arrive there.

So what does this mean with regards to horse racing?

Well... I am just a normal guy from a middle class family. Went to school, completed a degree and went to work. I was a city boy, but loved horses. Went to the track and became a member of the AJC / STC and followed racing religiously. I then wanted to go further. Bought into some horses with some big hopes and dreams. I joined a number of Syndicates. I raced with Classic Bloodstock, Star Thoroughbreds to name a few and in truth i did have some success and experiences. This drove my passion far greater. I decided to get into the Industry. I wanted to learn everything thing about Thoroughbreds and Racing. In invested all my spare change and time on my education to learn further. I attended a Racehorse Trainers Course. I learnt to become a trackwork rider. I studied under Joan Pracey and did my work experience with Ron Quinton.

Let me tell you that working in the Race Industry was very hard work. Did i eventually become an expert horse handler or rider. Absolutely not. But what I can tell you is that I have great observational ability and a mathematical mind. I do have great Project Management skills and Business sense. Through some very hard years I learnt what it takes to be successful in racing. It is no different to any other business. I now understand exactly what process and skills are required to obtain a quality thoroughbred and I can tell you that Pedigree is only one of many many factors. I know what is required to provide a horse with the best opportunity to be successful.

I will break many of these factors down in future blogs. But for now what I will tell you is that if i truly wanted to reach my goal and dream, I had to make major changes. I had to build my own network of close friends from the Industry with the assurance that what i acquired would hold quality and have a program plotted for them from the beginning. How can you truly be successful if you do not have a plan or goal in mind? When you have purchased a share in any of your gallopers, how did you make your choice? Did you have a goal in mind? Did the horse you choose represent this goal?

This led to the creation of Regal Bloodstock. These horses acquired are a representation of everything I have planned for. They have been programmed and are showing all promise I have anticipated. This can be referenced on the videos which were taken only a few weeks ago. As i am writing this, they have begun pre-training with Henry Dwyer. They are light years ahead of the standard Syndicated galloper which is most likely still standing at an Agistment farm until it is completely sold and registered.

What we can offer with Regal Bloodstock is the following. Each and every customer that races with Regal, will be racing a quality horse which will be given every chance to be successful. Not one of these horses will be sold without myself also being invested as a shareholder. This is your guarantee that each of these horses are genuine prospects. These two horses represent my company's future and as such you can be assured that no steps have been overlooked for them being successful. They are being trained by a Gp1 trainer whom has formed an alliance with me and that i am his sole Syndicator. Our trainer currently holds the greatest winning strike rate in Victoria. You as a customer will receive a service second to none in the Industry. You will be the first group and the inner circle of members to this Syndication Business. This places you in a unique position. You are not customer 1001.

We will win a Group 1. I would like you to be with us at Regal Bloodstock when this happens. Next month we will open our doors to the Public. On July 10th, Regal Bloodstock will be holding an at Henry's stables located in  Caulfield. Feel free to make your own observations and gain a further understanding of what we represent and what we will provide to you. We are very proud and confident of what we represent and look forward to the opportunity to share with you for your inspection.

I hope to see you on July 10th.

Regal Bloodstock selling shares in a Cracking Medaglia D’Oro filly from Premier Sales!

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When it Rains – It Pours!

Someone is truly looking down and helping us! How did I secure this filly?? To be honest, initially i didn’t even consider this filly – Lot 55 of the Inglis Premier Yearling Sale (Melbourne). She was out of my budget range! This filly as presented by ‘Three Bridges Thoroughbreds’, was considered top line progeny.being presented by them at the Sales… ala why represented at Lot 55 on first day in a Premier Sale!

Lot 135

Lot 135 - So You Think x Valour

This was one crazy sale! I had my heart set on a few ‘So you think’ fillys Lot 135, Lot 136 and a Choisir colt Lot 486. Well, unfortunately for me – the day before the sale began, ‘So You Think’s’ third progeny to race nailed a black type race in New Zealand. Great start for this Stallion and of course led to a frenzy of bidding!

​We had scoping performed on both Lot 135 and Lot 136.  I set a range between $85,000 and $110,000 for both fillys and thought either of them would have turned out to be nice prospects. Lot 135 came through fine, however  Lot 136 failed as she had a large bone cyst in the Near Hind Stifle. This was defintely a 'No go', however this did not dissuade the bidders whom snapped this horse up for a cool $160,000.  Lot 135 went for $300,000! This was truly incredible results for a new sire without virtually any progeny racing to validate against.

​After the bidding for Lot 135 and 136 had ended, I looked at Craig. He was as shocked as I was. We decided to re-group and later that evening we discussed results of the day.  Craig had mentioned that there was a fantastic filly that he particularly liked - which was passed in at $160,000. This filly was by Medaglia D'Oro and he considered this filly to be his pick of the sales. Clarry had also stated that it was his top rated filly:   We decided to approach the Breeders 'Three Bridges Thoroughbreds' the following day to make an offer. Our plan was to scope the filly in the morning and then look to make an offer buy a percentage of the filly and allow the breeder to keep the rest.

The scope came back clear and we ​approached the breeder for a price on the filly. The Breeder had a fantastic few days at the sale and had sold its stock many times what it expected. This also included a fantastic sale on Lot 136 - which they regarded a much lesser prospect than Lot 55. They were disappointed with response for Lot 55 but were very happy to clear all Stock out for the sales. They offered for us to take 75% and pay $105,000. At this point, I saw an opportunity. I told Craig to delay and we passed on initial offer.

Medaglia d'Oro(USA) x Huka(NZ)

Later in the day we placed an offer for $110,000 and 100%. This was refused but later we received a call and negotiated $115,000 for the sale. This was an incredible result and through the chaos of the sales - I ended up securing a filly that I did not think i would have come close to purchasing!

This filly is absolutely outstanding! Please refer to the following link to gain full details related to this filly:

Magic Millions Sale 2016 – Invest in a share with Regal Bloodstock

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Thoroughbred racing is described as the ‘Sport of Kings’. In many ways this is misleading – in Australia at least. While the rich have certainly taken an interest in racing, participation in the sport is not confined to blue bloods or multi-millionaires.

If you want to you can own a racehorse. Owning a horse is much more than watching it race for a few brief minutes every now and then. If you invest in the industry and become part of its lifestyle, one thing should be uppermost in your mind – owning a racehorse is a sport, not a business.

Everyone connected with racing is taking part because they love the sport, the horses, the excitement. It is second to none!