Monday, June 1, 2009
The Belmont II Syndicate
The Belmont II Syndicate is an opportunity for eventing enthusiasts to take part at the elite level of the sport, at a fraction of the cost of sole ownership. The plan is to syndicate the horse Belmont II with Boyd Martin as the rider, with the goal of representing the United States at the 2010 Alltech/FEI World Equestrian Games in Lexington, Kentucky next September.
With this goal in mind, Belmont II will be competing extensively throughout the United States and possibly abroad in the 2009/2010 season.
Because the goal to compete as a member of the US team, the syndicate will not focus upon making a profit, or the sale of this valuable horse, unless circumstances warrant. We are offering a percentage of ownership, at $9,000 per share, and then asking members to contribute to the horse’s running costs, including veterinary and farrier care, feed, entry fees, transportation, etc. at a rate of $200 per owner per month.
In return, we are offering part-ownership of a very talented and valuable competition horse, VIP hospitality at top-level competitions, and close involvement with a small, dedicated professional team, as we strive to compete at the very highest levels of the sport.
About The Horse
Belmont II is a 1995, US-bred bay Dutch Warmblood/Thoroughbred cross gelding. He is talented in all three phases of eventing. Currently owned by Kate Ditchey, he came to Boyd to be sold. Boyd generally only rides the horse at competitions, with Kate training him the rest of the time, and Boyd’s record with Belmont so far is outstanding:
• Fifth place in the Fair Hill CCI*** (MD)
• First place advanced horse trials at Southern Pines (NC)
• Second place advanced horse trials at Fair Hill (MD)
• First place Jersey Fresh CIC*** (NJ)
Click here to see a video of Belmont II competing at the 2009 Jersey Fresh CIC***.
Competition record, including scores, available at the USEA website.
With a more consistent training program their results can only get better. In preparation for the World Equestrian Games, Boyd hopes to compete Belmont II at the 2009 Burghley CCI**** (UK) or the 2010 Rolex Kentucky three-day event.
The US selectors have made it clear to Boyd that a horse for sale on the open market is not eligible for national squad listing. The purchase of Belmont by syndicate means that there would be a very good chance that he would be placed straight onto the B list, which is basically the long list for next year’s WEG. His performances and results at the 2009 Jersey Fresh CIC*** and 2008 Fair Hill CCI*** outclass the majority of the horses already on the B list.
Basic Syndicate Agreement
We want to keep the rules of the syndicate simple. There will be a written agreement between the owners. To summarize the basic elements:
1. The syndicate is being created to combine a group of like-minded people who share a love of three-day eventing.
2. Boyd Martin will be the rider. The focus is on enabling the partnership of horse and rider to compete at the very highest levels of world class sport. I, Boyd Martin, will be responsible for the training and competition schedule of the syndicated horse.
3. This is a non-profit focused syndicate, motivated to develop horses to progress to the highest level of competition. The horses may only be sold if Boyd believes it is warranted.
4. Prize money will be divided equally amongst the syndicate members and be used to subsidize the running costs of the horse. Subsequent savings will reduce the monthly contribution.
5. The horse is currently for sale for $90,000. Ten shares are available at $9,000 per share, and running costs will be $200 per month per share. An individual may purchase more than one share. Monthly fees are tax-deductible through the American Horse Trials Foundation.
For further information, please feel free to contact Boyd at email@example.com or (610) 806-2381.
Photos copyright Amber Heintzberger and are not to be reproduced without permission.
Posted by Amber Heintzberger at 4:21 PM