#TEAMGIVEN

The Horses

Which one will you choose?

These are the terms & conditions that relate to Team Given (“TG”). TG will notify you of the term, purchase price, schedule of payments, and size of specific share(s) for your individual syndicate application.

Upon receipt of the purchase price (or first monthly payment for shares) and any payments due under the schedule of payments within 14 days of such notification, shares shall be allocated in the appropriate syndicate. TG confers the following benefits to each syndicate shareholder (“partners”) in each syndicate under its management.

 

  1. The purpose of TG is to provide its partners with an enjoyable and rewarding experience with like-minded individuals upon a mutual interest in horse racing. It should not be regarded as an investment opportunity
  2. The horse(s) is offered on an ownership or 12 month lease basis.
  3. Syndicate Start Date – The official start date of the ##HORSE_NAME## Syndicate will commence on ##START_DATE##  and will run for a ##SYNDICATE_DURATION## period.
  4. TG Management Fee – Team Given Ltd will charge a fixed management fee per syndicate of £##ONE_OFF_PRICE## per annum, to cover costs related to running and operation of the syndicate.
  5. How TG Works – Partners participate in the racing careers of a syndicate horse via:
    • Racecourse Visits – Access to an owners’ or entry badge on days when the horse is racing. Owners’ and entry badges are available for use by the named Partner(s) only. Every effort will be made to accommodate all partners wishing to attend race meetings with an owners’ or entry badge, unless there is excessive demand on occasions where the racecourse limits the number of owner’s or entry badges available to all owners with runners, for example at Festival meetings like Royal Ascot and Glorious Goodwood, in which case a ballot will be held.
    • Yard Visits – Regular visits to the trainer’s yard to see the syndicate horse(s) will be arranged by TG Syndicate Manager.
    • Social Events – Invitations to social events, exclusive to Partners (some of which may be subject to an extra charge at cost (e.g. racecourse hospitality)).
    • Prize Money – A share of the net prize money and the owners’ allocation of any Plus 10 bonuses (only applicable if the horse is Plus 10 registered) as paid by the racing administrators Weatherbys won by their syndicate horse during the term of their full paid-up involvement in that syndicate. TG will pay a share of prize money and Plus 10 bonuses won (net amount paid into the owners’ account by racing administrator’s Weatherbys). TG will deduct from the prize money and bonuses won all costs associated with racing the horse outside of the UK (to include the race entry fees, horse transportation costs, jockey fees/expenses, trainer and stable staff/groom expenses, also agency fees and quarantine and veterinary), as the fee paid by each Partner does not cover these additional costs. TG will not ask you for any further financial contribution in the event of a shortfall.
  6. Leased Horse Sale – In the event of a horse being leased by TG for a syndicate, the owener of the horse retains the right to sell the horse at any point, should an interested party make an offer. However the owner will refund the syndicate through TG for all expenses incurred since the start of that syndicate and in addition 8% of the value for which the horse is sold. This sum will be distributed amongst the members of that syndicate.
  7. Before the end of the state term of a syndicate, partners may be invited to continue for a further period of time (normally 12 months) under similar terms, provided that TG decides that this in the best interests of the partners and the horse. Partners are under no obligation to extend their involvement beyond the original term. Should any partner decide not to continue for a further term then TG will either close the syndicate by sending the horse to public auction and partners will be paid their share of the net sale proceeds (in accordance with clauses 4a and 4b) or return to the horse to the lessor as appropriate. This does not preclude the existing members from continuing without the previous members.
    • Where a horse is deemed by TG to have a low value or it not deemed suitable by an independent vet to be sent to public auction, it will be TG policy to act in the best interests of the horse and find a suitable retirement home.
    • Horse Sale Costs – All costs (including 15% commission on the total sale value) associated with selling and/or sending a horse to public auction (including a private sale or the cost of any counter bids or claims in selling or claiming races) will be deducted from any share of bonuses/prize money won and the sale proceeds in calculating the net sale proceeds due to each partner.
  8. Communication – The TG management will keep partners informed with regard to training progress and racing plans for their syndicate horse. As much notice as possible will be given in relation to entries.
  9. The TG management shall be solely responsible for all decisions related to trainers and horses.
  10. If TG decides to close the syndicate before the end of the original term in any year, due to lack of ability, injury or sale, the financial cost for each partner that relates to training shall be reduced pro rata in accordance with the actual reduced term (calculated from the that syndicate start date to the agreed end date), once the horse has recovered from any injury and has been rehomed/retired/sold.
    • Partners who chose a monthly payment option that includes the cost of purchasing ownership agree to continue and complete their monthly payments until the total payment due for the cost of purchasing share ownership has also been paid in full, even in the event that the partnership does not run its full initial term.
  11. Defaults – In the event that a partner fails to make any payment on the due date and fails to remedy such defaults within 7 days of receiving notice from TG, then TG reserves the right to forfeit the partners interest in the horse and the partner shall not be entitled to any refund of the purchase price or to any of the associated benefits detailed in clause 3. Should a payment become outstanding, TG may then request payment of all the outstanding and future payments due and charge interest at a rate of 10% per annum and initiate proceedings to recover the full amount due. Where a payment becomes outstanding, TG reserves the right to offer the partners share(s) for sale without any compensation, refund or further payment being due to them.
  12. Shares are exclusive to each partner and non-transferable under any circumstances, except upon death and where payment for the full term is made.
  13. Age Restrictions – Partners must be aged 18 or over.
  14. Any person who’s name is currently published in the unpaid forfeit list or have been declared either “disqualified” or “excluded” person under the rules of racing is not permitted to join a TG syndicate.
  15. Public Liability Insurance – While the horse is under the care of James Given Racing Ltd, it will be covered by the existing yard Combined Liability Policy up to the value of £5 million. Should you require complete piece of mind you can also join the Racehorse Owners’ Association who provide individual third party liability insurance (up to a limit of £10 million). Should any member of a racing syndicate receive any correspondence from third parties in respect of their involvement in any of the TG horses they should not respond and forward it directly to TG. Under no circumstances should any partner admit liability.
  16. Other Insurance – To keep syndicate costs to a minimum, horses are not insured by TG for all risks of mortality, theft or injury. For the avoidance of any doubt, each partner is responsible for the arrangement, cost and upkeep of their own individual insurance.
  17. VAT Registration – The syndicate will be registered for VAT and TG will complete a VAT registration form. The additional sum paid for VAT will be reclaimed by TG and therefore will not be passed to Partners.
  18. TG reserves the right to amend any of the terms & conditions and shall advise partners of any such change.
Back to ##HORSE_NAME##

Mendeleev

12 of 12 shares available

Description:

Mendeleev is a yearling colt by Hellvelyn out of the mare Wightgold, born on 13th February. Hellvelyn showed how precocious he was by winning his first three races, culminating in the Coventry Stakes at Royal Ascot, before going on to be a successful sprinter as a three, four and five year old. Hellvelyn has a 31% strike rate of winners to runners, which is the same as Havana Gold. With Mendeleev's February birthday and his encouraging physical development, he is promising to be an early two year old type.

Paul Thorman, the owner of Trickledown Stud, brought Mendeleev to my attention as a possible horse for Team Given to lease, by describing him to me as an outstanding physical specimen with every chance of being a precocious two year old. He is owned by the breeder of La Fritillaire, who we leased to win five races for us. The syndicate is set up initially to run for 12 months, with the option to extend for a second year if the members would like to.

Syndication:

The Syndicate will consist of 12 members, who will purchase a share for one year initially, in her lease. Full terms and conditions are available on the website, but syndicate members will receive their share of any winnings.

Shares:

Shares can be purchased as a one off payment of £2495 or twelve equal monthly payments of £225.

If you have any questions, feel free to email me on james@teamgiven.co.uk

View Mendeleev's

Syndicate Agreement

Ex-Gone Sailing

0 of 5 shares available

Description:

The second horse to join the Team Given roster is a yearling Grey Filly by Zebedee. She is a full sister to the three year old Major Jumbo who is rated 94 after winning at York this autumn. She is broken and cantering daily.

Syndication:

The Syndicate will consist of 0 members, who will purchase a share for one year initially, in her lease. Full terms and conditions are available on the website, but syndicate members will receive their share of any winnings.

Additional Notes:

The Syndicate will own half of her, each member will own a 10% share of the horse. Each share will cost £2,800 to purchase a 10% share. Training fees for each 10% share will then be £3,000 per year or £270 per month. Members will receive a share of any winnings accrued during the term of the syndicate.

Shares:

Shares can be purchased as a one off payment of £2,800 or twelve equal monthly payments of £270.

If you have any questions, feel free to email me on james@teamgiven.co.uk

View Ex-Gone Sailing's

Syndicate Agreement

Poppy May

10 of 12 shares available

Description:

Poppy May is our first horse to join the Team Given roster. She is a 3yo Bay Filly by Zoffany who has been lightly raced and is at the right end of the handicap. She has been placed 3 times from 7 runs and is fit and ready to go.

Syndication:

The Syndicate will consist of 10 members, who will purchase a share for one year initially, in her lease. Full terms and conditions are available on the website, but syndicate members will receive their share of any winnings.

Shares:

Shares can be purchased as a one off payment of £2,495 or twelve equal monthly payments of £225.

If you have any questions, feel free to email me on james@teamgiven.co.uk

View Poppy May's

Syndicate Agreement

BACK

We went a strong gallop and she worked well. I am looking forward to riding Poppy May next time

Tom Eaves – Jockey

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