WinStar Syndicate
 

My daughter owns a piece of WELL HUMORED running in WinStar colors in the 10th race at Tampa Bay Downs on Sat. Wishing her luck and hope to see her in the winners circle.

GL to her!!!!!

good luck, its hard to win

Good luck to you and your daughter Mike! :ThmbUp:

WELL HUMORED beat the big favorite and came back $12.80. Saw my daughter and son-in-law in the winner's circle at Tampa Bay Downs.

What a back wheel (I didn't do it, unfortunately). $2 DD came back over $3600 with a huge longshot (88/1) in the 9th.

:headbanger::headbanger::headbanger::headbanger:

Awesome! Congrats! :jump:

Congrats Mike. Simply a great feeling I am sure.

Good article about the WinStar Syndicate here: http://www.thoroughbreddailynews.com.../tdn180129.pdf

Congrats to your daughter!

Very nice those pictures last a lifetime! So a quick question once all the dust settles what does one actually get from a win like that check wise? I only ask because it seems as if the guys that run those syndicates add in a lot of "costs" that as an owner I couldn't stomach if my trainer did that. But I am sure there are good explanations for those "service" fees.

Congratulations. Really something special.

Cool! :ThmbUp::ThmbUp::ThmbUp:

the yearly winstar derby contest starts feb. 01...lol...:)...congrats as well...a great place to find many a winning horse...via owners and trainers,
espec. in the graded races...lol

I didn't check with my daughter as to the financials on the deal or tax implications. I do know there are 100 shares, and she owns one. There are a total of 40 owners, so obviously some owners have more than one share, and WinStar may have kept some for themselves. I also know that it's a one-year closed-end lease on 10 female horses of racing age, and my daughter pays a fixed monthly amount. Not sure if she'll get a monthly statement or at the end of the year.

The winner's share of the purse was around $30,000, so there's that in the bank, but the syndicate was capitalized with many times that so I wish the members luck getting a decent return.