FAQs
How do we operate at Red Rocket Racing?
Red Rocket Racing’s focus is providing clients with outstanding service from the very start, until the very end. We spend a countless number of hours with Matthew Brown, hand picking quality thoroughbreds for potential owners. We believe it is crucial to have Matthews input when selecting our thoroughbreds, he will be the one working and training the horses for the years to come. RRR was set up by Kade Brakey, a man who is passionate about horses, ownership, and horse racing. He knows firsthand how much fun a person can experience from owning a racehorse. Racing has brought so much joy into Kade’s life in so many ways over the years, and he genuinely wants to help others enjoy the same experience he has. Kade’s knowledge of the racing industry stems far and wide. From owning horses, working for his mother trackwork riding, strapping and being a stable hand. Kade is not your everyday syndicator, he understands a lot about the racing industry and knows what it takes to provide clients with outstanding service.
Can I sell my share?
Like any investment, there is the option to sell your share. It may take some time and your share is only worth as much as someone is willing to pay. As part of our premium service we provide, RRR will help as much as possible to find you a buyer.
Private offers to purchase a horse can occur and any offer should be put forward in writing to RRR or your trainer. If this happens to a horse you own a share in, the offer will be put to all owners. From then a majority rules vote will determine if the horse will be sold or retained.
Do I receive any gifts when I become an owner?
Each owner will receive their own RRR welcome gift pack prior to the horses first race.
What does RRR Charge?
Red Rocket Racing charges a race day attendance fee per person for organising all the required ticketing, distributing trainer feedback, post-race interviews and most importantly ensuring all owners have the best day possible.
RRR is entitled to deduct up to 10% of the sale price of any horse sold on behalf of the owners.
RRR does charge a monthly syndication fee for the premium service it provides. All fees are outlined in a Syndicate Agreement that is supplied prior to purchasing a share in a horse.
How much does it cost to purchase a share?
Each horse we purchase to syndicate varies in nearly all instances. We calculate our share cost on purchase price, insurance costs, nomination costs etc. Factoring in all purchasing costs involved, most 5% shares will cost between $3,000 and $10,000.
How does prizemoney work?
In all instances the trainer will receive 10% of prize money, the jockey will receive 5%. The remaining prize money will be paid into the syndicates bank account. In all instances RRR will receive a small % of prize money when the horse finishes 1st, which will be detailed in a Syndicate Agreement. All prize money owed to each shareholder will then be credited into their account, at the end of that month.
Are there any social events?
Absolutely, a big focus of ours is to provide our clients with the best social experience we can. We organise open days with the Matthew & Luana, so you can not only meet the team, but view the training facilities and your horse at the same time. We organise all race day events and ticketing. We hold a RRR annual christmas party to say thank you for your ongoing support.
How many owners are in a horse?
At this point in time we are limited to having a maximum of 20 people in one horse. We are in the process of applying for our Promoters License, this will enable us to have a lot more people in one horse/syndicate.
How does a horse share work?
Red Rocket Racing generally purchases a yearling at a public auction or privately. We then make the racehorse available for syndication in shares of 2.5% or greater. All owners interested will receive a Syndicate Agreement outlining the financial details and important information to be aware of when purchasing a share in a racehorse. Once your share is purchased, Red Rocket Racing will manage all communications and invoicing relating to the horse.
What should I expect to pay each month?
RRR’s estimated horse maintenance costs for a 5% share are $60-$80 spelling, $200-$220 training and $240-$260 when racing. As you can see, the cost to maintain a racehorse fluctuates quite significantly month to month. At RRR we do our costings over a year and direct debit the same amount from your account on the last Friday of every month. This really sets us apart from the rest in this area. There are four reasons why we operate this way.
1. To avoid bill shock and to eliminate invoice fluctuation.
2. To purely benefit owners, it makes the monthly ongoing costing clear and consistent.
3. Paying an invoice each month is one less thing you need to do.
4. To provide our clients with the best customer service possible.