The Board will consist of Stephane Mery (Independent Chairman) and Tony Locke (Managing Director). The role of the Board will be to take key decisions on the acquisition and sale of event horses, managing the purchase, overseeing the Management team’s training of the horses and finding potential vendors and securing a sale.
The Directors believe there is a significant opportunity in the equestrian industry for a new company to establish itself as a market leader in the sale of world-class event horses. Wealthy individuals typically own event horses and there is a lot of prestige attached to owning a horse that competes at international level, and in particular, the Olympics. Before the deadline for selling horses in the December prior to an Olympic year, horses can change hands for substantial sums of money.
The Company will use the monies raised to develop a portfolio of event horses so that, at any one time the Company will own three to nine event horses, depending on the timing of the acquisition and sale of each horse. The Company believes that it is well placed to acquire horses showing the right level of potential, as both the Directors and the Management team already have an extensive network of contacts in the horse industry.
Since London 2012 and team GB’s success in equestrian sports, the Directors believe that certain nations desire to acquire the necessary horse power to enter the sport, will help create increased sale opportunities for horse sales at the high end of the market.
Our supporters will be invited to hospitality days, which will include privileged access to Jonelle and Tim Price’s training yard to meet them and Phoebe Locke, as well as an opportunity to see some of their horses in training. There will also be opportunities to attend prestigious horse trials and Event Horse owner events hosted by British Eventing.
Eventing First is proud to introduce the first tailored made investment scheme for Event horses, that allows each individual investor to invest in a very tax efficient and flexible manner. Therefore, Eventing First introduce to you the first Enterprise Investment Scheme tailored for the Eventing world.
We will target horses through a selection criteria that will take into consideration:
· Breeding
· Age
· Athleticism
· Temperament
· Training
· Potential
Through correct management and training our aim will be to select horses who have not yet reached there full potential and over a period of 18-24 months sell at an increased value.