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Mark Burckhardt

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Regal Bloodstock

5/22-24 Dutruc St, Randwick, NSW, 2031

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Radio Interview with Mark Burckhardt – How Racehorse Syndication Works

PressReleasePing - October 11, 2017 -Wayne Bucklar: You're listening to Business Radio Talkers.FM. My name is Wayne Bucklar and in conversation with me today is Mark Burckhardt, Director of Regal Blood Stock. Mark welcome to the program. Mark Burckhardt: Good morning Wayne, nice to be here. Wayne: Now Mark I could have a guess what Regular Blood Stock does but I'm in one of those moods where it would be silly so why don't you explain to us what you do, and who you do it for and where you do it? Mark: Yes, certainly. So pretty well Regal Blood is all about providing people with unforgettable experiences and when I say that is we're looking to chase, certainly from my point of view or what I've actually experienced in life - there is specific moments in your life that you'd like to remember and cherish and one of those things for me was definitely the horse racing and winning my first race as a young owner. This experience it's captured me for pretty well most of my life and I'd like to be able to pass it on to other people. Look, race horse indication is about basically what I do is I buy horses at value, I go stay do the pedigree analysis of horses about three months prior to the major sales, I then get a bit of blood. A couple of people that work closely with me to go on in inspect horses on the farms prior to the sales and then on the sales and sales day themselves we go in and do the last inspection. We work out a value for the horse and then we determine a very good price which we expect that the horse may go for on our shortlist and then we go bidding. And then once we were able to achieve a price we're looking for, that horses we are buy. We buy for our customers and then later on, we break those horses into shares to make it affordable for customers to actually race a horse and have the experience just like being a sole owner. So basically a person that buys a share in a horse has a full privileges as a full-fledged owner and I think that's a wonderful way for people that racing is a very expensive hobby as most would understand. A decent-size commercial racehorse, it would be starting in a minimum prior price around about $80,000 and yes upkeep costs around about 35,000 a year with a trainer. So we breaking it into shares, the optimal option is around 5%. I would say it's a starter and if you bought by 5% share it's certainly a viable prospect for people to really enjoy the experience of owning a racehorse. Certainly they have the full privileges as a normal owner or a sole owner would occupy. Wayne: Now Mark, lots of questions come to my mind here and I'm sure for lots of people this will be a new concept. So when you syndicate a racehorse, how many people are in your average syndicate? How many people are you co-owning with? Mark: That's a very good question and recently legislation has actually changed again but you can have up to 50 people in a syndicate. Actually racing a particular racehorse under the current model, yes. So it is a very good experience, I mean to me, early in the days I used to race horses individually and also with a couple of close friends. But I can honestly say to you, the experience is much better with more people and thus therefore I've actually followed my passion and decided to open a syndication company and embrace that and actually opt to try bring more people involved into racing and certainly with the horses that I have raced myself. There's no feeling like having 15, 20 people all supporting or even greater supporting our particular horse and following it through for its path, its journey. Yes, it's a fantastic experience. Wayne: Now this brings to mind timeshare a little bit and some of our listeners will have had experience with joint timeshare on luxury boats and maybe some apartments and stuff and there's issues about management decisions and issues about who gets to use the boat, what weekends, and where. How does syndicated owning of a racehorse overcome all those sorts of problems? Mark: Firstly, if you're a 5% owner or if you have a minimum of 5%, when it comes to timeshare there is no such thing, as you’re an owner. You have 5% and you have all privilege as an owner. That means you have access to that horse when you require that, you'll get communication as much as you wish to have. So for example you're able to get access to the trainer or to myself in regards to feedback and our updates. In regards to the horse, you are able to visit the horse. So you're able to go across that whole journey and be part of that whole experience. None of those privileges that you have as a single owner are off the table if you're a minimum level 5% owner. Wayne: Right. And what about the decisions about how the horse is handled? Are they made by vote or are they made by someone else? So how does that give in? Mark: That's a good question. So obviously, I would consider myself reasonable professional in the industry now. I've been involved in racing for over 20 years and of course the trainer is certainly the expert when it comes to this type of matters. But look everyone, the most important thing about syndication is communication and when you do have regular updates at least once a week with all owners and via social media or email etc or telephone call as wished - very, very few issues arise. Of course every person does have a say, and anything as dramatic happening with the horse, any sort of changes or etc, must be communicated and also signed off by all members. But I found in my experience by and large, communication is the most important factor and as long as it's transparent and that the information carries forth and everyone knows exactly what's happening with the horse, very few problems arise. Mark: Absolutely. Yes, and being part of that I truly believe yeah it is something special and when a person actually has their very first race then they'll know exactly what I'm talking about. Wayne: Mark thanks for sharing that with us today. For people who want to know more about Regal Bloodstock or who want to talk to you, how can they connect? Mark: Well they certainly can go to my website which is a www.regalbloodstock.com. They'll be able to track all the horses I'm currently are syndicating at the moment and they'll be able to get a wealth of information there and obviously get in contact with me if they're interested to get further information about those horses. Wayne: I've been in conversation with Mark Burckhardt, Director of Regal Bloodstock and if you just joined us and missed our conversation, the good news is on our website we have a transcript, we also have an audio archive on both SoundCloud and YouTube. This is Wayne Bucklar, you're listening to Business Radio Talkers.FM.


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