The name of the partnership will be known as, for example, Fred Archer Racing – Ormonde. The intention is to buy yearlings at the Autumn Sales or two year olds from The Breeze Up Sales.
The arrangement will last for two years until 31st October unless all partners wish to continue the partnership in which case it will be extended for another year to be reviewed annually. Otherwise, at the end of the initial period, the horse will be sold at public auction. Shareholders have to commit for the full period.
In the event of a private offer six or more shareholders will have to agree in order to accept the offer. In the event of a shareholder wishing to leave the partnership before 31st October it is his / her responsibility to find a replacement shareholder.
Jacko Fanshawe of Pegasus Stables will manage Fred Archer Racing. Each shareholder owns 10% of the horse.
Costs will depend on the purchase of the price of the horse +VAT and will include 5% commission to the bloodstock agent, if used,and associated veterinary costs for the purchase and the first year’s insurance premium.
Monthly costs of £360 (to be paid by direct debit) to cover all training costs, farrier, routine veterinary expenses, gallop fees, entries, transport and associated racing costs.
If the situation arises where the horse warrants an expensive entry this may have to be an added cost and will be discussed with the partners beforehand. Race entries, veterinary or farriery work will be undertaken at the discretion of the trainer James Fanshawe.
In the case of emergency surgery or treatment the decision of whether to go ahead or not without notifying all the partners will be at the discretion of James Fanshawe.
Profit and Loss and Balances will be sent out every three months either by email or post. Any surplus money at the ending of the agreement will be shared out equally.
The horse will be insured by Lycetts. An independent agent will value the horse periodically for insurance purposes.
You will be able to visit your horse during stable hours at mutually convenient times. The management will also arrange stable visits for the partners, to meet for breakfast at Pegasus Stables, and to see the horse out on exercise.
When the horse is sold Pegasus Stables LLP to receive 5% of the sale price if the horse is sold for more than the purchase price.
FRED ARCHER ( 11th January 1857 – 8th November 1886) has been described as “the best all round jockey the turf has ever seen”. His first win came in 1870 as a mere 13 year old and was surprisingly, over jumps.
Fred Archer was only 29 when he shot himself at his house in Newmarket in 1886. He had never recovered from the loss of his beloved wife, Helen Rose, who died in childbirth in 1884 and he was said to suffer from bouts of delirium brought on be the ravavages of wasting. In the sixteen years he rode he was Champion Jockey 13 times, won 21 English Classics, his first being on the Lord Falmouth owned ATLANTIC in the 1874 2000 Guineas, and five in France. In 1885 he rode a staggering 246 winners in a season.
At 5’10” he was very tall for a jockey and especially so for the Victorian era where the horses carried a lot less weight than they do currently. Fred had to waste so much more than his smaller comtempories and, unbelievably, made the weight of 5st7lbs to take the winning ride on SASSOVINO in the 1872 Newmarket Cesarewitch.
Fred was retained by Lord Falmouth following the success of ATLANTIC and the latter encouraged him to invest his money into property and, more specifically, a stable yard and house. Names after his mentor, Falmouth Lodge and House were completed in 1883. Sadly, the house was demolished in the 1960’s at which time the name of the remaining yard was changed to Pegasus Stables.
In 2014, James & Jacko Fanshawe were keen to launch new Racing Partnerships and there could be no more appropriate name than FRED ARCHER RACING as a tribute to the great jockey who built their yard. They are extremely grateful to the family of FRED ARCHER who willingly gave their blessing.