Al Maher X Gur Colt
It has always been my dream to own a race horse with my business partner in The Profits. I will be the first to admit that investing a significant amount of money in a race horse is not the best financial decision I will ever make, but just like horse racing, there is an element of risk and analysis involved. After a profitable start to the year, I was given the go ahead and searched far and wide for the best value horse going around.
The factors I was looking for in a horse were fairly extensive. The first criteria was that the horse MUST be out of a mother who had produced a successful horse. The second criteria was that the father must have been successful over the distance that the ‘successful horse’ out of the mother, won at. The third criteria was that the horse must be born within three months of ‘horses birthday’ and finally, it must be trained in Victoria. While not critical, I was also looking for the trainer to be a part owner in the horse, this means that they are taking as much of a risk as I am with where they run the horse and it is in their best interest to train it well.
It took a while but eventually I found a horse on offer that met all of the above criteria and we were lucky enough to purchase one of the few remaining shares.
This Al Maher X Gur Colt now named Miller Street is being trained by Rick Harrison in Victoria. This colt is a half-brother to Whisper Downs, who at the time of purchasing the share was a 3-year old who had won over $140,000 in prize money and had won a race beating home star 3-year old horse, Zabeelionaire (won the South Australian Derby) over 1500 at Moonee Valley by 2.5 lengths. Since then Zabeelionaire has ran 6th in the Caulfield Cup and also ran in the Melbourne Cup. While Whisper Downs hasn’t gone on as far as Zabeelionaire, this prep he has done what Zabeelionaire hasn’t, won! Whisper Downs has won his last two races at Caulfield picking up a cool $90,000. Further more, at the time of purchase, there was another 2-year old unraced half-brother training up in Queensland who is now a 3-year old and won over $50,000 in the first three races!
As you will know, Al Maher was best over 1400-1600 distances having won the Group 1 VRC Australian Guineas (1600m) and we believe the cross will go well. While it wasn’t a factor, our favourite horse right now is Dance With Her who is out of Al Maher. We are excited to have invested in our first horse and hope to invest in a few more going forward. He is now a two year old and has gone through the first round of training and is currently spelling. We expect to see Miller Street at the races very soon!
When looking at purchasing your own share in a horse, it is important to know the majority of syndicated horses lose money for the owners. If you are up for a great deal of fun, without any expectations, then horse ownership may be for you.
Two of the best websites we found when looking for a horse were:
and
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