Now let me start by saying I think it's absolutely fantastic that a couple of syndicates have started investing in standardbred yearlings.
I was going through the yearlings bought by Slade Bloodstock as an example - and comparing the share costs v sale price. I was quite surprised by the mark-up - but maybe that's just a standard thing with syndication. I'm not familiar with the usual practices.
Here's the list of Slade yearlings bought this year (and I hope they're all stars to promote more sales):
Four Starzz Shark-Miss Chevious - sale price $15k; total share value $29.5k
Courage Under Fire-Rigaleto Franco - sale price $24k; total share value $39.5k
Art Major-Barogue Pearl - sale price $35k; total share value $58.5k
Four Starzz Shark-Joy Luck sale price $35k; total share value $59.5k
Is this a standard kind of mark-up? Anyone had any experience with similar situations?
Anyway, good luck to them. Hope they win stacks of races ... can only be a good thing for the game.