JOSEPH RACING SYNDICATES


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THE SYNDICATE TEAM


(from left) Frank Marando, Frank Cachia and Barbara Joseph with Fab Cat following another win

The 'Two Franks' are familiar to the Joseph Syndicate partners but their role in Joseph Racing is perhaps not as well known. Frank Marando and Frank Cachia are two young enterprising family men who love racing (they have been racing horses with Barbara since 1998) and enjoy the thrill of owning a winner. So much so, they want to share it with as many people as possible.

Both have a background in communications and understand the value of information and marketing. In 2002, they asked Barbara if she would like them to look after her fledgling website as they had the know-how and, being owners, knew what information owners were after. "As owners ourselves we understand how thrilling it is to win a race - to watch the replay over and over again and to read all you can about your horse's win. You can't get enough and sometimes the next day's paper just doesn't come soon enough." explains Frank Marando. After a winning day for Joseph Racing, log-on to the website and there will be a full run-down of the winners and how they achieved their wins. This is the dedication of the 'Two Franks'.

In 2003, they approached Barbara with an idea for syndicating horses. Barbara would purchase the yearlings while they would manage the day-to-day operations of the syndicates. They thought about what they most wanted as owners and two features stood out - not having to pay bills month after month and getting as much information as possible about their horses.

Syndicate membership is limited to 20 people (including the two Franks who have a share in each of the syndicates). A single up-front payment covers all the costs associated with the purchase and maintenance of the horse for an initial period of two years. They chose two years so that there would be no pressure on Barbara to get the horse racing as an early 2yo if it wasn't ready. Barbara then has enough time to get the horse to the track and syndicate members are able to assess the horse's ability before making any longer term commitments. After the initial two years, the syndicate members determine, on a majority basis, whether to continue for a further 12 months or to sell the horse. Fees then include the annual insurance and training costs only. You will also find that all the figures are very transparent and when they say nothing more to pay it really does mean nothing more to pay whatever occurs in that 2 year period.

Members receive regular email updates on the progress of their horse and there is a members' only web page, which contains all of the up-todate information about the horse. So far five horses have been syndicated. That's Just Great, Audacious, Louisianna Flyer and Fab Cat have won 14 races between them. Cool Al is a 3YO and only just begun to race. He is closely related to Ain't Seen Nothin', so good things are expected from him when he races. And now we will soon offer shares in an exciting colt by Fastnet Rock from Group 3 winner Citichy.

The 'Two Franks' are very dedicated blokes who have added to the overall success of Joseph Racing. They have allowed many owners to experience the thrill of owning a racehorse and, it doesn't matter how small the share or where the horse wins, there are very few experiences that can match it.


Need something clarified, or would like to register your interest for upcoming syndicates?
Feel free to contact one of the syndicate managers. Frank Marando can be contacted on 0404 033 396, and Frank Cachia can be contacted on 0419 283 887. Or email us here.

AFS Licence Number 26516

         
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