In the ever-expanding world of the thoroughbred, it’s the Sydney based Sire Custodians who are the backbone of stud masters, breeders, racehorse owners, trainer and syndicators.
Sire Custodians are definitely the authority for racehorse syndication and stallion share syndication requiring an AFS Licence in accordance with the Corporations Act.
For management consultancy and syndicate documentation, the company ensures all rules, relevant regulations and procedures, including dispute resolutions, comply for effective management.
“Of course, with the arrival of the new micro-ownership MyRacehorse, Sire Custodians has performed all the back-end work comprising legal, compliance, administration and accounting.”
“We will be paying all the prizemoney to the successful owners, as we are doing for MiRunners and The Racing League,” said Chairman John Coughlan, who is no stranger to all three racing codes.
Formerly Chief Executive at the Queensland Principal Club and Greyhound & Harness Racing Regulatory Authority, he was also Chief Financial Executive of the Australian Jockey Club and Sydney Turf Club.
In being a Director and Chief Executive Officer, Tony Fleiter is the principal of Macquarie Legal, that provides supplies legal, consultancy and compliance services to the thoroughbred industry.
It’s the hands-on career of Tony Fleiter as General Manager of Dalgety Bloodstock International in 1984-93, that Sire Custodians now ‘host’ MyRacehorse, The Racing League and MiRunners.
“Our main breeding sector clients are the major studs in the Hunter Valley, Victoria and Queensland, and they are compliant as it’s a very active market at all levels in this booming economy.”
“Our racing and breeding is world class and very active commercially, with stallion syndication possibly the most active in the world, with a high demand for secondary share sales,” Tony stated.
“MyRacehorse has a one-off fee, with no additional costs,” said John Coughlan, with MyRacehorse making headlines when over 5300 owners shared in Authentic’s 2020 Kentucky Derby victory.
In Spendthrift Farm being a major shareholder in Authentic, it was MyRaceHorse Stable who purchased a 12.5% share, on-selling 12,5000 microshares for $206 each to 5314 excited fans.
This was after Authentic had won the Santa Anita Derby, before going to the Kentucky Derby, Breeders’ Cup Classic and then crowned Horse of The Year, now standing at Spendthrift Farm.
In B Wayne Hughes of Spendthrift seeing the success of this new ownership concept, it’s Spendthrift Australian who have supported MyRacehorse with six horses to race in partnership.
To be trained by Hawkes Racing, Mark Newnham, Tony and Calvin McEvoy and Bjorn Baker, the six include the $1.2m Written Tycoon-Taqaseen colt from at the MM Gold Coast Yearling Sale.
In Sire Custodians acting for some 13 successful syndicators, it’s John Coughlan and Tony Fleiter who are Directors of Highclere Australian, with Andrew Hawkins as the new Racing Manager.
Former Citigroup Wealth Advisors Senior Vice President in Steve Brown knows Sire Custodians well, as co-founder of the successful MiRunners they now have MiEverest and The Racing League.
Steve is also founding director of Kitchwin Hills Stud in the Hunter Valley, who this season will stand the Caulfield Sprint hero Graff, alongside their impressive leading first crop sire Sooboog.
Establish recently thorough Sire Custodians, is Leneva Park in Victoria who this year stand the triple Gr1 winner Fierce Impact and Royal Meeting, and is managed by Mick Sharkie.
It’s the first season for dual Gr1 winner Russian Camelot and Doubtland, the Danehill Stakes winner, who will be joining the newly established Widden Victoria, having been Eliza Park.
Brazen Beau’s son North Pacific is new to Newgate Farm, Time to Reign, the Silver Slipper winner at Kingstar Farm at Denman and Prince Fawaz at Oaklands Stud in Queensland.