Sam

[Sam @Samlena9]

@hvasstan @J_Walter23 I know it means a lot when I’m paying horse trainer fees to Group 1 trainers as compared to no group 1”s

[Sam @Samlena9]

@betangelking Isn’t there room for another exchange in Aus?

[Sam @Samlena9]

@justhorseracing @J_Walter23 syndication fee structure has become fundamentally misaligned with the economic reality of racehorse ownership. Management fees of $50–$80 per month for holders as small as 2.5% are not only disproportionate, they create a perverse incentive for syndicators to retain horses.

[Sam @Samlena9]

@Racing_Previews @bet365_aus @NicMcqualter @WillElford @BenCaluzzi Like or dislike them……. Notified looks like a proper horse….. Oaks horse 100%…..

[Sam @Samlena9]

@mcevoymitchell I recently called to purchase a 15% share in another horse spoke to someone and never got back to me…. All good I have purchased another horse from a different stable…. Just letting you know.

[Sam @Samlena9]

@Formraceog @Racing @HTCoffey @archi3alexander @SamTaweets Incredibly well said. Perfect assessment, proper horse.

[Sam @Samlena9]

@RSN927 @bet365_aus @TravTurf @NickoNoonan retained well beyond their commercial or racing viability purely to preserve fee flow…. The industry needs to WAKE up

[Sam @Samlena9]

@RSN927 @bet365_aus @TravTurf @NickoNoonan Syndicators continue to systematically fleece owners , particularly new owners who are the most vulnerable. The model now begins with an inflated management fee applied even to 2.5% holders, followed by a 20–30% mark‑up on the original sale price, and ends with horses being

[Sam @Samlena9]

@Noah0_0_0_ @AmericaPapaBear I agree…. A young man having fun not hurting anyone! Nothing better in my opinion than people have fun and doing it respectfully.

[Sam @Samlena9]

@richieplz @daveystan1 Remain inconsistent and very unregulated part of the game that goes under the radar.

[Sam @Samlena9]

@richieplz @daveystan1 After 25 years in the sport and significant investment, I’ve seen how this traps capital, erodes owner confidence, and quietly pushes long‑standing participants out of the game. The lack of regulation around fee structures, disclosure obligations, and asset‑management standards

[Sam @Samlena9]

@tones2026 Luv your work

[Sam @Samlena9]

@ChrisCamiller1 100% fair question….. Very hard watch

[Sam @Samlena9]

@Jackson_Oldham1 Wowee the game is deteriorating quicker than I thought….. Very concerning

[Sam @Samlena9]

@CumaniRacing What about the rogue, unethical horse syndicators who are driving owners out of the game at speed. The model has become dependent on excessive management fees and unjustifiable mark‑ups at sale time, deliberately capitalising on inexperienced or vulnerable owners.

[Sam @Samlena9]

@OnTheMoneyWin @bmracingclub @pauloliver9999 Very well said.

[Sam @Samlena9]

@rtralphy Mate, you’re spot on. It’s just one of many reasons I’m stepping away from the sport after 30 years of ownership, I have purchased 20% every year for the last 15years (first year, Zero ) …..The rise of horse syndicators has become a dead set weight against the industry as well

[Sam @Samlena9]

@angelodotsui Great job mate ….. Very well done