Valegro syndicate facebook page

Well I have no idea if it is a scam or not. But from what I have read on here and elsewhere it is a coven of rather sycophantic and hysterical groupies wanting to throw their money at a horse that might or might not continue to be successful in that particular field.

And assuming the unlikely does happen and they can manage to purchase at the grossly over inflated price tag, they will then give this horse to a young lady who has several young potential horses that she already owns. But if she can't afford to keep the 'donated' horse, I am sure the enthusiastic and hysterical groupies will then give her enough money to pay for the horse's keep.

I think that is the gist of it anyway.
 
Seems totally unprofessional and not well thought out at all. I hope it isn't but I think it's a scam as they've said they have the support of the family etc and her mum has just said she thought it was something H&H were trying to do and she has no idea who it is behind it....
 
MrsJingle said:
Well I have no idea if it is a scam or not. But from what I have read on here and elsewhere it is a coven of rather sycophantic and hysterical groupies wanting to throw their money at a horse that might or might not continue to be successful in that particular field.

And assuming the unlikely does happen and they can manage to purchase at the grossly over inflated price tag, they will then give this horse to a young lady who has several young potential horses that she already owns. But if she can't afford to keep the 'donated' horse, I am sure the enthusiastic and hysterical groupies will then give her enough money to pay for the horse's keep.

I think that is the gist of it anyway.
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I think if people are happy to donate for a 'share' of valegro by sending checks and money where they have no backup should it turn out to be a hoax, then more fool them. A fool and his money are easily parted...
 
What an utter waste of money, the figure £20 million is being thrown around, think how much good that could do if donated to charities rather than on one horse that competes in a bent sport, which has zero breeding value, that could drop dead tomorrow..... She sold one horse for a substantial sum, why didn't she buy shares.......?
 
I assumed as H&H were advertising it that it was genuine, yet seems like an unprofessional and odd (possibly desperate) way of going about things. If it is a scam then I'm very worried for all the poor people who are currently sending cheques through the post! If its not, how on earth do they plan to raise enough to pay for the horse, surely they should be approaching elite investors etc not asking for £20 off keen Valegro-fans. Fair enough if its been set up to raise awareness, but it seems a desperate idea to raise money via it like some sort of charity? Call me me cynical but I'm sure these peoples money could be going to much better causes and other charities etc that actually need it...
 
If someone is gullible enough to give away a huge amount of money without signing a legally binding document and seeing some documentary evidence that this syndicate is genuine then yes its a scam !!


Personally I think its legitimate and I dont trust anyone !!
 
I'm with Super_kat. I'm sure if Charlotte wanted to rustle up enough money to keep Valegro then she could sell one of her youngsters (as the Olympic champion I'm sure a youngster produced by her would fetch a good price).
Not forgetting Carl Hester is one of his owners if he waived his share of the cost & stayed in the syndicate that would make the purchase price a lot less....unless..... Unless both Charlotte & Carl know that as a gelding he is at peak value now & his price will only go down.
 
glamourpuss said:
I'm with Super_kat. I'm sure if Charlotte wanted to rustle up enough money to keep Valegro then she could sell one of her youngsters (as the Olympic champion I'm sure a youngster produced by her would fetch a good price)..
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She sold Fernandez for enough to buy a house (in Gloucestershire I believe) and a cracking youngster. I'm sure the Dujardins have also recently bought a new youngster for 30k (was in H&H), they could have used that money to purchase part of Valegro......
 
glamourpuss said:
both Charlotte & Carl know that as a gelding he is at peak value now & his price will only go down.
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In a nutshell.

He is at the top, no higher to go, not a stallion. It makes total business sense to sell him now.

Unless of course, they do not have anything else in the yard capable of challenging him at Rio. In which case they are being very clever in syndicating him to ensure a) they still get the money and b) he stays in the UK and competes at Rio (assuming he stays sound).

Either way there is money to be made.
 
Even if he stays sound and wins for the next four years and at rio - all big ifs - he still will be worth less than now. So as an investment opportunity there is zero commercial rationale to find a quarter or half a million to be in a syndicate. And the kind of people with that kind of money aren't that silly. And the sums of money being asked are huge given he is a gelding.
So a bunch of donations to buy it isn't totally mad if people feel that charitable way inclined (as buying a share in him isn't much of a business proposition) but this scheme to raise an unknown amount is half baked. If there was a set period to raise the funds, the amount was known, exclusivity on buying the horse during that period, a proper process for raising and returning and a set out arrangement on what happens - eg if the horse were sold then this might work but this scheme is just totally unprofessional and ill thought out.
 
My understanding is that there is a deadline of 31st January and they already have a number of investors putting in £500k each to buy a share. A minimum of £250k investment is required so doubt that anything pledged via FB will reach anywhere near this.
 
I agree that buying this horse as an *investment* is a poor investment for all the reasons imr set out. Such a scheme -- trying to raise money from the public -- isn't the worst idea in the world given that proper investors might not buy him for those reasons. However, I also agree that the way they've gone about it, assuming for the sake of argument that it's not a scam, is thoroughly unprofessional and haphazard. For one, we don't know who "they," the people behind the Facebook page, are, nor do we know how they are connected to Charlotte, the yard, or the horse. If there was a very clear amount that needed to be raised, a clear explanation of what that meant (would the great British public be buying into half of the horse? the whole horse? what if the other investors wanted to sell him?), and a clear plan, then I might consider donating a couple quid. If they're legit, they really stuffed up by doing this in such a haphazard way.
 
If people really want to keep Valegro with charlotte then they should pay Carl's mortgage because that would be cheaper then the figures floating around.

Clearly Carl is wanting to cash in, he's perfectly entitled too, but I cannot endorse anyone expecting the public to pay for it and pulling at emotional heartstrings. There's no harm in expecting fruits of your labour but syndicating back to yourself! PLEASE!!!
 
Has anybody questioned why he has not been sold already!Nobody will pay the asking price is the answer! He is a gelding so no stud potential his value would I feel be in 100Ks rather than millions.We can all see how it can go horribly wrong and a very shrewd horseman got his fingers burnt that time!
 
popsdosh said:
Has anybody questioned why he has not been sold already!Nobody will pay the asking price is the answer! He is a gelding so no stud potential his value would I feel be in 100Ks rather than millions.We can all see how it can go horribly wrong and a very shrewd horseman got his fingers burnt that time!
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Someone has asked the question . . . .http://www.horsejunkiesunited.com/?p=48770
 
May start up my own page, I'm going to have to sell my boy next year, have no other rides, not yet got to the Olympics.... soon though?? Anyone want to pay for my horse, I need around £70 a week?? Anyone up for that?.... We've been winning all of our BD prelims, about to move onto BD Novice, won Elementary unaffiliated, can jump, xc... nearly at Olympic standard........
 
TarrSteps said:
Staying with Moller, at least in the short term, isn't he? I presume if he had been bought for a very top rider here he/she would want the ride right away. . .
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Just wondered as not good when trying to sell one horse to look like you desperately need a cash injection .It is hotly rumoured he is heading this way and they do play their cards pretty close to their chest.
 
popsdosh said:
Just wondered as not good when trying to sell one horse to look like you desperately need a cash injection .It is hotly rumoured he is heading this way and they do play their cards pretty close to their chest.
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One might wonder . . ..:rolleyes:

Anyway, too much publicity is never good for horse deals. If the fb business is just people getting silly over something that doesn't concern them, I bet the principles are grinding their teeth. ;)
 
I thought Valegro would have been bought by a rich business man for his daughter to ride, maybe if it was before the Olympics or a year before Rio they would get the asking amount, but he has been for sale for at least 4 months and they haven't got the money they want for him, at which point most people would think he was overpriced and drop it.

How much did Totalis sell for?
 
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