Don't despair mate, it will come good in the end. Don't worry about racing until you get set up properly. Get a good core of birds and breed from them. You will soon find that even though you are a novice, birds bred in your loft will generally be better than birds bought in. Train what you have, and what you need is a good breeding season next year. Then you can have a good YB season and start to slowly build up from there. We all love to race, but when you are starting, you will keep putting youself back if you don't start slowly. Forget old birds for this year, breed from what you have and train them well then you will have enough pairs to breed all you need next year.
Good luck