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Phoenix Thoroughbreds-gone!

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TJMitchell View Drop Down
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    Posted: 22 Jan 2021 at 9:13am
So even Dubai are blocking them before us?
I wish I had a sig
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Post Options Post Options   Thanks (0) Thanks(0)   Quote djebel Quote  Post ReplyReply Direct Link To This Post Posted: 22 Jan 2021 at 8:27am
Apparently Dubai are rejecting their nominations.




reductio ad absurdum



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Post Options Post Options   Thanks (2) Thanks(2)   Quote Bonjour Quote  Post ReplyReply Direct Link To This Post Posted: 17 Jan 2021 at 1:57pm
Originally posted by Gay3 Gay3 wrote:

Given the attitude of the Chinese govt., powers that be here, are probably reluctant to ruffle feathers in case they cease the equine trade too Angry

Have you hidden a mic in our joint by chance?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Gay3 Quote  Post ReplyReply Direct Link To This Post Posted: 17 Jan 2021 at 12:56pm
Given the attitude of the Chinese govt., powers that be here, are probably reluctant to ruffle feathers in case they cease the equine trade too Angry
The funniest thing about this particular signature is that by the time you realise it doesn't say anything, it's too late to stop reading it.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bonjour Quote  Post ReplyReply Direct Link To This Post Posted: 17 Jan 2021 at 12:09pm
There are so many forums talking about Phoenix and Fung, yet the big wigs in Druitt St and other jurisdictions are of the ''move along, nothing to see here'' mantra,.......don't you just love that? Too many lovely little agendas at stake should the allegations be proven true.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote acacia alba Quote  Post ReplyReply Direct Link To This Post Posted: 17 Jan 2021 at 10:19am
Thats good news .
animals before people.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote slowdown Quote  Post ReplyReply Direct Link To This Post Posted: 16 Jan 2021 at 11:48pm
reckon he will end up back here with luck. def  don't have any equity in the stallion. the deal was only for one year so knowing Armidale they will be doing everything they can to have him back in Tassie. 
Star - racing, Rebel - racing, Lionel- racing , Brandy - spelling, Storm - new prep at the beach.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote acacia alba Quote  Post ReplyReply Direct Link To This Post Posted: 16 Jan 2021 at 7:41pm
I for one sure hope they dont have any claims on the stallion.    And I hope a nicer home can be found for him. Thumbs Up
animals before people.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 16 Jan 2021 at 5:30pm
Was brought to the mainland on the back of Mystic Journey's success.  Don't think Aquis has equity in the stallion who will have to find yet another home later this year. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Shawy38 Quote  Post ReplyReply Direct Link To This Post Posted: 16 Jan 2021 at 5:09pm
Needs Further (AUS) 2007
 Life Number: AUS00945232bay stallionDate of Birth: 23/09/2007 
 Microchip Number: 9851000109229405 stakeswinners & 13 stakeswinsDNA Typed: Y 
 by Encosta De Lago (AUS) 1993Contact: Aquis Farm 
 from Crowned Glory (AUS) 1997Ph: 07 55434732  
 bred by Gooree Park Stud Pty Ltd, NSW2020 advertised service fee: $13750
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Post Options Post Options   Thanks (0) Thanks(0)   Quote acacia alba Quote  Post ReplyReply Direct Link To This Post Posted: 16 Jan 2021 at 4:43pm
Needs Further .
And I might be ignorant too, Cry as can never recall if he is with Aquis or Sun Studs,,,but I think Aquis.
animals before people.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kavg Quote  Post ReplyReply Direct Link To This Post Posted: 16 Jan 2021 at 4:32pm
Sorry for my ignorance but who is Ned?
Prejudice is an emotional attachment to ignorance.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bonjour Quote  Post ReplyReply Direct Link To This Post Posted: 16 Jan 2021 at 11:36am
Originally posted by acacia alba acacia alba wrote:

Talking to a breeder tonight about the sales.  Big breeder been around a long time.
Says Tony Fung is crooked as a dogs hind leg.
Why would he hook up with Phoenix which is discredited everywhere else. 
Sad and sorry outcome for most of those horses.
Lets hope the owners get Ned away from Aquis soon. 

He won't hang around when he doesn't get the 2nd casino! .
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 9:48pm
Originally posted by Red Hare Red Hare wrote:

Rusty,

Per SC’s example... the laundry tips in 800, immediately receives 240 back from the vendor, then syndicates half the horse for another 500.

7.5% ‘leakage’ is better than you’ll get at TravelEx LOL. PLUS, you’re still sitting on an asset worth $500k.

Most would be happy to get a clean $800k back out of a dirty $1m that they can’t touch.

Bear in mind, the players in question are trying to wash billions. They’d be well aware that 70-80% of something is better than 100% of nothing.
No, you have tipped in 800 of “kosher” money, and got sneaky 240 that you need to launder.


It’s the reverse of money laundering.
(And in this example, the breeders well out of pocket)
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Post Options Post Options   Thanks (1) Thanks(1)   Quote acacia alba Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 9:01pm
Talking to a breeder tonight about the sales.  Big breeder been around a long time.
Says Tony Fung is crooked as a dogs hind leg.
Why would he hook up with Phoenix which is discredited everywhere else. 
Sad and sorry outcome for most of those horses.
Lets hope the owners get Ned away from Aquis soon. 
animals before people.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Glencoe Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 7:52pm
Sadly S.Chance this has become a funging joke
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bonjour Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 6:34pm
Originally posted by Second Chance Second Chance wrote:

But let's move on from possible syndication rorts and come back to Tony Fung (Aquis).

It appears he's shutting down his stud presence in both Victoria and NSW and moving most of his stallions (most of them 2nd graders) to Qld.  Yet he's still buying heaps of yearling colts, paying clear overs for most of them.

But what's most incredible is the fact that he's formed an alliance with Phoenix, the alleged Ponzi scheme mob which is a banned pariah in almost every racing country except of Australia.  Why would anyone form an alliance with such a discredited entity as Phoenix?

Vendors may well be counting their blessings just for the moment, but ultimately it's highly likely that little good will ultimately come of this.
Spot on.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Red Hare Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 5:59pm
Rusty,

Per SC’s example... the laundry tips in 800, immediately receives 240 back from the vendor, then syndicates half the horse for another 500.

7.5% ‘leakage’ is better than you’ll get at TravelEx LOL. PLUS, you’re still sitting on an asset worth $500k.

Most would be happy to get a clean $800k back out of a dirty $1m that they can’t touch.

Bear in mind, the players in question are trying to wash billions. They’d be well aware that 70-80% of something is better than 100% of nothing.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 4:56pm
But let's move on from possible syndication rorts and come back to Tony Fung (Aquis).

It appears he's shutting down his stud presence in both Victoria and NSW and moving most of his stallions (most of them 2nd graders) to Qld.  Yet he's still buying heaps of yearling colts, paying clear overs for most of them.

But what's most incredible is the fact that he's formed an alliance with Phoenix, the alleged Ponzi scheme mob which is a banned pariah in almost every racing country except of Australia.  Why would anyone form an alliance with such a discredited entity as Phoenix?

Vendors may well be counting their blessings just for the moment, but ultimately it's highly likely that little good will ultimately come of this.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 4:51pm
Originally posted by Second Chance Second Chance wrote:

So the split's a bit different Rusty: just produced the above in a jiffy.

Bottom line is that the arrangement guarantees that the vendor gets his reserve (which he may not have otherwise achieved) plus extra for his trouble, and the syndicator makes a windfall profit.  Win/win.

No doubt syndicators use this tactic, probably giving the vendor an invoice for consulting, to make them square tax wise.

But I thought we were talking about nefarious characters wanting to launder money.
 
In which case  it’s the other way around.

If, say I had $10M I wanted to launder, I’d be wanting to officially pay $4M for my $10M asset, with the balance “paid under the table”.
In which case paying over the odds is not the solution.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote kavg Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 4:19pm
And whilst in this 'hypothetical world' this is the obvious reason why the sales market has held up for the last countless years because prior to this lot, there have been countless others doing the same. The participating vendors are partly to blame and of course the sales companies and authorities all turn a blind eye but they share, along with governments, the majority of the blame.

But of course if i make an honest $1000 mistake in my tax return they will be just as understanding.
Prejudice is an emotional attachment to ignorance.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kavg Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 4:15pm
That's what I expected and alluded to Second.

Understand AA, respect Bonjour's right to silence. 

But this is all hypothetical as Second said Wink
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 4:09pm
So the split's a bit different Rusty: just produced the above in a jiffy.

Bottom line is that the arrangement guarantees that the vendor gets his reserve (which he may not have otherwise achieved) plus extra for his trouble, and the syndicator makes a windfall profit.  Win/win.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bonjour Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 3:59pm
They're catching on SC.......
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 3:52pm
Originally posted by Second Chance Second Chance wrote:

Not that this would ever happen, but:

"What's your reserve?"
"$400,000.
"I'll guarantee to buy him for $800,000, so long as we split the extra $400,000 (60/40 your way because of tax, commission etc)".
"Done".

So the horse has actually costs the purchaser $704,000 inc GST.  The purchaser then adds his profit (30% on top of the implied $880,000 purchase price) plus on-costs and syndicates the yearling at a valuation of just over $1,000,000.
And the breeder receives $640, but pays tax on $800.
Hmmmm
I’ll pass 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 3:27pm
Originally posted by Second Chance Second Chance wrote:

Not that this would ever happen, but:

"What's your reserve?"
"$400,000.
"I'll guarantee to buy him for $800,000, so long as we split the extra $400,000 (60/40 your way because of tax, commission etc)".
"Done".

So the horse has actually costs the purchaser $704,000 inc GST.  The purchaser then adds his profit (30% on top of the implied $880,000 purchase price) plus on-costs and syndicates the yearling at a valuation of just over $1,000,000 $1,150,000.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote acacia alba Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 3:20pm
kavg, its supposed to be anonymous, but I can promise you many here know who is who. 
animals before people.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 3:20pm
Not that this would ever happen, but:

"What's your reserve?"
"$400,000.
"I'll guarantee to buy him for $800,000, so long as we split the extra $400,000 (60/40 your way because of tax, commission etc)".
"Done".

So the horse has actually costs the purchaser $704,000 inc GST.  The purchaser then adds his profit (30% on top of the implied $880,000 purchase price) plus on-costs and syndicates the yearling at a valuation of just over $1,000,000.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote kavg Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 3:07pm
Come on Bonjour,
share or at least message with theory. You won't end up in jail. Maybe something worse could happen but this is an anonymous forum and very unlike you to be silenced.
Prejudice is an emotional attachment to ignorance.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Bonjour Quote  Post ReplyReply Direct Link To This Post Posted: 15 Jan 2021 at 3:00pm
I've got my theory, if I express it I'll be locked up or worse........I just hope one day it all comes out and the guilty are done like dinners.
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