New Syndicate: Kayf Tara Filly

I'm always excited when it comes to new syndicates because it always involves a horse we've just acquired and, therefore, we are confident that we've secured value and upside. But I'm really excited about this filly!

We've been both lucky and very unlucky with the mares we've bought. Specifically, Windswept Girl was a 13-length winner of her only start to date back in February and ought to be an exciting novice hurdler this season. And Coquelicot has won her last three of five bumpers last season (second in the first two), culminating in an easy win in Listed company in March. She is a super exciting prospect for novice hurdles this coming season and has the Mares' Novices' Hurdle at the Cheltenham Festival as her ultimate target in 2021.

Before them our sole previous mare was My Dance, who in 2018 won her final two novice hurdles in easy fashion and was being targeted at a Grade 2 at Sandown when she unfortunately suffered a career-ending injury. These things happen and they are never easy to take. My Dance was by Kayf Tara, out of a very smart mare, and this latest filly is also by Kayf Tara and also has an exciting pedigree.

The Horse

She is a three-year-old filly by Kayf Tara out of a mare called Alina Rheinberg. It is quite rare for a mare to be sent to the same stallion on multiple occasions but this lady has THREE full siblings, as follows:

Pandy Wells won a couple of little races in 2015 and 2016 though was of no great shakes in truth.

Constantine Bay, by contrast, has been a fantastic horse. He won his first three races, the third of which was the Grade 2 River Don at Doncaster, and was then fourth in the G1 Albert Bartlett at the 2017 Cheltenham Festival and filled the same placing - beaten only a length - in the G1 Sefton Novices' Hurdle at the Grand National meeting. Now with Brian Ellison, he's still rated in the 130's and looks like he'll have a nice race in him next season.

The third full sibling is as yet unraced. But he was sufficiently impressive as a three-year-old store to have been sold, unraced and untried, for €210,000 at the 2018 Goffs Landrover Sale. I understand he'll be ready to run in the autumn starting off in bumpers.

So this filly, as yet unnamed - that, naming her, will be part of the fun - has a dual-winning sister, a three-time-winning (including at Grade 2 level) brother, and another brother that cost over two hundred thousand euros.

Her pedigree can be viewed here.

At the Goffs UK sale on 29th July, she was on my shortlist of pedigree picks; and Anthony Honeyball, who will train her and who is extremely selective when assessing potential purchases, loved her when he watched her walk and trot.

Here she is at the pre-training yard where she's being prepared:

Kayf Tara, as an aside, is the sire of the likes of Stayers' Hurdle winner, Thistlecrack; Champion Chase winner, Special Tiara; dual Grade 1 chase scorer, Tea For Two; RSA Chase winner, Blaklion; Irish Gold Cup (G1) winner, Edwulf; Fighting Fifth and Aintree Stayers' Hurdle (both G1) winner, Identity Thief; and so on.

One thing that stands out about that illustrious list of Grade 1 winners is that they've done it over hurdles and fences, over two miles and three miles-plus, on heavy ground and on good ground. In other words, anything is possible!

Of course, in the interests of balance, any such stallion - who has hundreds of progeny of racing age - has lots of clunkers, too. And the nature of a 'store' is that you are buying untried 'could be anything' type horses.

So that's where are: this is an opportunity to join me in buying into a proven family with a completely untried filly who will have broodmare potential after racing. (That's another reason why I like fillies and mares with good pedigrees: they can have another 'racemaking' career when they're done with the track, potentially bringing further fun and interest - and a return on investment from sale - down the line when their main career is over).

Anthony says of her,

"She has a proper bit of quality about her. She's very athletic and is a good size. I loved her and think she was tremendous value"

The Plan

Stores are project horses. They need time to mature and fulfil their potential. Some need more, some need less; but this is not the opportunity for anyone looking to be racing in the next couple of months.

The loose plan - it has to be loose because she will take as long as she takes to be ready - is as follows:

- Two months' (long rein, saddling, laying over, riding) at Will Biddick's pre-training yard. Will does much of this sort of work for Paul Nicholls amongst others, so she'll be well looked after and well schooled. August / September

- Back to Potwell Farm Stables (Anthony's yard) for a short break. October

- Into light and then full training from November

With a following wind and no hold ups, she'll be ready to run in a bumper (National Hunt Flat) race from around February time. But it does depend how quickly she comes to hand. If she's not ready she won't be rushed: that's how to ruin a nice filly like this before she has started.

After a couple of bumper spins, she'll have her summer hols from mid-May(ish) to mid-July(ish) and will then come back into training, ready to compete in her first full season, in novice hurdles, from October 2021 or thereabouts. At the end of that season (May 2022), we'll review where we are but the intention would be to almost certainly continue for at least another year before considering broodmare options.

The Syndicate

I am syndicating this lovely filly into twelve equal shares. There is a minimum commitment until May 2022 (22 months), at which point we will review whether to continue with her. The expectation will be, as I've said, that we will very likely continue for at least one further year.

The costs are as follows:

Hammer price £22,000

Sales costs c £2,500 (commission, transport, vet, etc - details to be confirmed)

Insurance c £1,500

Year 1 Training c £22,000

Sub-total: £48,000

The first year contribution for syndicate membership is £4,000. VAT will be reclaimed by the syndicate and so is excluded from the initial contribution.

PLEASE NOTE: I run all syndicates at 'cost', with any residual funds - as well as prize money and sales proceeds - being returned to syndicate members.

However, from this syndicate forwards, I will be levying a small exit commission of 7.5% on the sale price of each horse syndicated.

The Benefits

As a member of the syndicate, you will be the proud owner of one-twelfth of a gorgeous racehorse!

You receive regular updates on your filly's progress, as well as plans for her next steps and so on.

I will also arrange yard visits (and you'll be welcome to visit, by appointment, outside of my arranged trips, too).

You will be guaranteed an owners' badge each time your filly runs. A +1 badge will be available where possible, though obviously that will depend on demand.

You will receive a 1/12th share of all prize money and any sales proceeds at the end of the syndicate (less the aforementioned 7.5%).

Most of all, you'll get to buy into a dream: a filly who could be anything, who has the pedigree to be something, and who will bestow upon us the ups and downs of racehorse ownership. She'll be a slow burner - a project - and she'll hopefully be worth the wait.

We've been very lucky with the quality of the fillies and mares we've had - indeed, as I write, they've won their last six races. Buying into solid pedigrees allied to Anthony's eye for the physical aspects of a horse gives us a slightly better chance than many, though of course there are plenty of others deploying a similar approach. They often look further up the price list and miss plenty in the middle ranks where we're fishing. Good job, I say!

In the last couple of years, from a fairly small group of National Hunt horses, we've had a Cheltenham Festival runner and a Listed bumper winner. And we have two exciting mares to go novice hurdling this season.

In that spirit of qualified hope, let's see how this young lady progresses!

How to get involved

You can download and read a copy of the syndicate agreement here. If, after reading it, you'd like to be join the Kayf Tara - Alina Rheinberg project, please contact me by clicking here.

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