The Lincoln Farms way: Enjoying the thrills of racing - with a money back guarantee
Racing is littered with the rich and famous who have thrived on the public exposure of racing big race winners. But while the glory seekers come and go there have been few, if any, who have made it their business to share the joy with others like Lincoln Farms’ boss John Street.
Street has been a headlining owner of both the harness and thoroughbred codes for years, experiencing the thrills of winning races like the 2012 Auckland Trotting Cup with Sir Lincoln and 2011 Karaka Million with Fort Lincoln.
He won hundreds of races and millions of dollars in stakes before setting his mind to bringing the excitement of racing to a whole new audience.
And today, in what his business manager Ian Middleton calls “a great service for the industry” Street has dozens of people racing horses with him and his wife Lynne in special partnerships, the likes of which you won’t find anywhere else in the world. With a money-back guarantee and incredibly cheap cost structure, the Lincoln Farms partnership concept is generous to the point of “being ridiculous from a financial perspective,” says Middleton.
Not only are prospective owners not even put into partnerships until the horse has shown it is good enough to win – the cost of which Street bears himself - but, if the horse doesn’t win, people can choose to either get their money back or be transferred into another horse. “John wants to make it possible for first time owners to get into racing without it costing them a lot of money and to eliminate a lot of the risks,” says Middleton.
The bills in racing a horse are comparatively light too, with owners paying their share of monthly training fees for standardbreds capped at $2300 plus GST a month and thoroughbreds at $2500 plus GST a month. Lincoln Farms bears all the other myriad of costs that go with racing horses, like vets’ bills, blacksmith bills, transport etc.
“We don’t advertise or promote the partnerships – it’s mainly word of mouth – but there are plenty of John’s friends and others he didn’t know who are now having a lot of fun. Lincoln Farms always keeps 50% of the horses and I don’t think we’ve had a losing partnership.”
Some groups have even had windfalls, like the team which raced Harness Jewels winner Beaudiene Boaz. When the horse they had a 40% share in was sold to Perth for $250,000 their $40,000 investment turned into $100,000.
People are matched into horses they can afford
Horses who look like they’ve reached their mark are sold too – and Street’s generosity often sees those owners put into more valuable horses. With 71 thoroughbreds and 29 standardbreds on the books, people are matched into horses they can afford. Harness partnerships number eight at present and thoroughbreds 38, but the number is growing all the time.
Lincoln Farms has 40 thoroughbreds in work in New Zealand at any one time, mostly with leading Central Districts trainer Lisa Latta, and 30 standardbreds at Pukekohe with respected trainer Ray Green whom Middleton calls “an astute old dog.”
The harness horses are trained out of the former National Bloodstock barn adjacent to the track which Street spent more than $500,000 on, upgrading it into a facility matching his demand for excellence.
Only the best of the 14 two-year-olds which Green is educating will be raced by the partnerships, the likely non performers weeded out before anyone starts paying. And we’re not talking run-of-the-mill animals here. Among the production line are a number of top quality yearlings Street bought at the sales.
It’s a big operation and one which Middleton says the former Pak ’N’ Save king of West Auckland is happy to fund.
“John has made a lot of friends in the racing industry and this is his way of giving something back.”
Our latest winners
- Lincoln Farms Bloodstock’s John and Lynne Street for Lincoln Star’s comprehensive win at Awapuni.
John and Lynne Street for the against-the-pattern win by Lincoln Raider at Trentham.
- Christopher Grace, Kamada Park’s Kevin Pratt and John and Lynne Street for Lincoln Falls’ decisive win at Trentham.
- Merv and Meg Butterworth for Steam Punk’s win at Alexandra Park.
- Lincoln Farms Bloodstock Ltd, Ian Middleton, Michael Brereton, Martin Letton, Bula Bells Syndicate, Denis James, Steve Beckett, Deane Hutchinson, Gerard Collins and Brian & Margaret Rabbitt for Recco Lover’s great return to form at Alexandra Park.
- Lincoln Farms Bloodstock and Kevin Pratt’s Kamada Bloodstock for Kamanda Lincoln’s brave win at Riccarton.
- Lincoln Farms Bloodstock’s John and Lynne Street for Mathew James’ debut win at Cambridge.
- Peter Jaffares, Glenn Cotterill and Lincoln Farms for O’Reilly Bay’s win at Kranji.
- John and Lynne Street for the win by Father Lenihan at Awapuni.
- John and Lynne Street, of Lincoln Farms Bloodstock Ltd, for Saint Lincoln’s fresh-up win in Singapore.
- Lincoln Farms, Ian Middleton, Duncan, David and John Chisholm, Warwick Orr, Bob Best, Lance and Amy Myocevich and the Excell syndicate for Make Way’s win at Alexandra Park.
Our runners this week
Wednesday at Matamata
Thursday at Otaki
Platinum Invador, Alesha Lincoln, Lincoln Sky.
Friday night at Auckland
Northview Hustler, Trojan Banner, Make Way, Zealand Star.
Saturday at Awapuni
Father Lenihan, Miss Oahu, Johnny Lincoln, Platinum Touch.
News in brief
MAM’SELLE MASSIVE: Platinum Mam’selle clocked 34.59, easily the fastest last 600 metres in her race at Awapuni on Saturday when she flew from last at the 200 metre mark to get up for third, just a head and a long neck from winner All In Mana. Those who followed trainer Lisa Latta’s advice collected a $4.50 place dividend.
TWO ENTERED FOR CUP: Northview Hustler and Recco Lover are among 23 horses nominated for the $250,000 Auckland Cup on New Year’s Eve. The entries are: American Empress, Recco Lover, Tennyson Bromac, Classie American, Mach Shard, Triple Eight, Raptors Flight, Check In, Ashley Locaz, Turn It Up, On The Cards, Sheriff, Sicario, All U Need Is Faith, Northview Hustler, Pat’s Delight, Jack’s Legend, A G’s White Socks, Lets Elope, Elle Mac, Utmost Delight, Star Galleria, Dream About Me.
DELIGHT OVER MOONLIGHT: Lincoln Moonlight will have two weeks in the paddock after another brave third at Kranji. Trainer Shane Baertschiger was thrilled with the horse who was swamped late after having to work very hard from a wide draw. He will be ready again in mid-January when racing returns to the turf.