In December 2018, the Cranbourne Harness Racing Club launched a bold syndication initiative which is predicated on bringing together 100 like-minded people to share in the thrill of racing a team of 7 well-bred pacer and trotters over a three-year period.
Horses will be sourced on lease from prominent owner/breeders and will be trained by approved professional trainers who reside at the Cranbourne Training Centre and surrounding areas.
It is intended that the team will comprise a selection of older stock (current three & four-year-olds) and a number of untried yearlings and two-year-olds.
In this way it is hoped that the group will have presence at the races in the not too distant future. And the group can still share the dream of what the future might hold for the untried younger members of the stable.
To date, the following horses have been secured by Cranbourne Club 21 Ltd:
Im Scorching Lightly raced 4yo pacing mare (Art Major x Im Smouldering)
Reine De Vitesse Unraced 3yo trotting filly (Used To Me x Speedy Naomi)
Unnamed Unraced 2yo pacing filly (MachThree x Kano Blaze)
Unnamed Unraced 2yo trotting filly (Andover Hall x Starcus)
Copacabana Unbroken yearling trotting filly (Andover Hall x Broadacrossthebeam)
The composition of the Cranbourne Club 21 Ltd seven-member racing team will be finalised on or before 30 April 2019. It is envisaged that the balance of the team will be made up of current yearlings to be sourced from their owners in the lead-up to or immediately following the 2019 APG Yearling Sale or the Australasian Premier Trotting Sale.
Leasing A Horse Explained
Some owners/breeders will lease a horse to other groups of owners for a specified period of time. Typically, these lease arrangements relate to well-credentialled fillies or mares which the owners want to retain for breeding purposes at the end of their racing careers.
In the interim however the owner/breeder leases the horse for the duration of its racing career.
Under these arrangements, the lessees meet all costs associated with racing the horse and keep an agreed percentage (normally 66%) of stake money won. No up-front costs are incurred by the lessees and as such, this arrangement often provides all the thrills of racing without a capital outlay.
At its core, Cranbourne Club 21 Ltd has been established to afford members an opportunity to participate in an exciting and fulfilling social experience with events and regular get-togethers based around a shared interest in harness racing ownership.
Members will share in a number of Club 21 organised social functions to enhance their involvement in our sport including:
Shares in Cranbourne Club 21 Ltd will be allocated on receipt of applications together with a one-off Application Fee of $300 plus gst
Thereafter ongoing member contributions of $75 per month plus gst will be invoiced to members
Any excess spending above budget levels over the Term will be underwritten by Cranbourne Harness Racing Club
All administrative costs (including establishment and ongoing management will be borne by Cranbourne Harness Racing Club
Any monies accrued from net stakes earnings will be held in fixed deposit and paid to shareholders as a dividend on the winding up of the company or at the director’s discretion over the Term
Cranbourne Club 21 Ltd has been formed as an unlisted Unit Trust to facilitate this undertaking.
Copies of the Prospectus and a Share Application Form can be obtained by emailing the Cranbourne Harness Racing Club at firstname.lastname@example.org