Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 09-03-2011, 05:04   #1
Registered User

Join Date: Mar 2011
Posts: 1
Yacht Share Syndicates

Hi all

Having owned a small yacht a few years ago and looking to fill that hole that has been in my life since I sold it, I have been looking at yacht share syndicates. Has anyone had any experience with managed yacht share? Has it been good or bad? It looks great on paper, but the sceptic in me wants hear it from someone who has been there instead of the people who are selling it.
__________________

__________________
NealeK is offline   Reply With Quote
Old 09-03-2011, 06:28   #2
Moderator Emeritus
 
GordMay's Avatar

Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
Boat: (Cruiser Living On Dirt)
Posts: 31,580
Images: 240
Re: Yacht share syndicates

Greetings and welcome aboard the CF, NealeK.
__________________

__________________
Gord May
"If you didn't have the time or money to do it right in the first place, when will you get the time/$ to fix it?"



GordMay is offline   Reply With Quote
Old 29-04-2016, 01:18   #3
Registered User

Join Date: Dec 2015
Location: Mid north coast NSW Australia
Boat: About a metre of Seawind 1160
Posts: 104
Re: Yacht Share Syndicates

I've got the same question. Surely someone in this mass of assembled knowledge has tried sharing a yacht?
__________________
seaskip is offline   Reply With Quote
Old 29-04-2016, 02:26   #4
Registered User

Join Date: Sep 2014
Location: Sydney
Boat: Lagoon 400
Posts: 1,100
Re: Yacht Share Syndicates

i was in share with 3 others. sold out after 3 years. Selfmanaged duties, worked well.

Excellent way to get feel for boat ownership at reduced cost if ownership is on your radar.
__________________
arsenelupiga is offline   Reply With Quote
Old 29-04-2016, 03:08   #5
Registered User

Join Date: Mar 2010
Location: house is in melbourne australia and Muscade currently in Med.
Boat: fontaine pajot Marquises 56
Posts: 116
Re: Yacht Share Syndicates

we sold shares in our 44 ft cat after we sailed from the Caribbean to Australia, retained 2 of the 8 for a few years then sold out completely. Self managed with a yearly meeting of all owners who wanted to come where we agreed on an annual budget. 11 years latter the boat is still in shared ownership, around half the original owners still have their shares. Daydream still lives at Hamilton Island and is very well cared for and still no arguments between owners. In fact it worked so well we would like to find 1 partner for our current boat, much harder to find the right person for this one though as she is large and we want her to continue her slow trip around the world rather than being based in one place.
__________________
karabil is offline   Reply With Quote
Old 29-04-2016, 05:11   #6
Elvish meaning 'Far-Wanderer'
 
Palarran's Avatar

Cruisers Forum Supporter

Join Date: Jan 2008
Location: Me - Michigan / Boat - Tenerife
Boat: 56' Fountaine Pajot Marquises
Posts: 2,641
Re: Yacht Share Syndicates

Karen, you already know a good partner, and you have the right boat, it's just not your boat

Really, I'm looking for the same thing. This year I have a friend who is using Palarran for two months with a captain. There is a good chance this will lead to a multi-year commitment so I may sell him one of the one hundred shares of the company that owns Palarran in order get the arrangement more formal. It's just unlikely that my family is going to use the boat for more than two months per year which makes it kind of a waste for the boat. Income would be nice also, but not 100% of the reason. Having someone take a boat one way, and you back, would be very helpful. Like going from Corfu to Venice, then back.
__________________
Not all who wander are lost

http://www.sailblogs.com/member/palarran/
Palarran is offline   Reply With Quote
Old 29-04-2016, 16:45   #7
Registered User

Join Date: Dec 2015
Location: Mid north coast NSW Australia
Boat: About a metre of Seawind 1160
Posts: 104
Re: Yacht Share Syndicates

Thanks folks. All sounds pretty positive so far. And that's right. A cheaper, soft entrance to family sailing with a view to maybe going livaboard later. I'm hoping we find the right people to share with. Only one way to find out, I guess.
__________________

__________________
seaskip is offline   Reply With Quote
Reply

Tags
yacht

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 19:50.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.