Cranbourne Launches Club 21 Ltd

Dec 12, 2018 Cranbourne Launches Club 21 Ltd

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.

 

Our Team

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)

  • 2 wins & 5 placings at 2 & 3yo (pictured after Yarra Valley win March 2018)
  • Breeders Crown finalist as 3yo in August 2018
  • Dam won 16 races and $327k
  • Ready to resume training as a C0 assessed mare on 1 Jan
  • Click here to view pedigree

Reine De Vitesse         Unraced 3yo trotting filly (Used To Me x Speedy Naomi)

  • Half sister to Hammers Law (7 wins) & Greg The Great (2 wins)
  • Dam won 15 races
  • Grand dam won 20 races & has produced 7 winners from 9 live foals
  • Broke in & turned out at 2yo. Currently in work
  • Click here to view pedigree

Unnamed              Unraced 2yo pacing filly (MachThree x Kano  Blaze)

  • Half sister to Blazeaway Macray (11 wins)
  • Dam won 14 races
  • Family of the great Pure Steel
  • Broken in and gaited. Currently in light work
  • Click here to view pedigree

Unnamed               Unraced 2yo trotting filly (Andover Hall x Starcus)

  • Half sister to Zhenya (13 wins), Naked Majesty (9 wins) and War Dan Destroyer (16 wins)
  • Dam won 5 races
  • Grand dam won 15 races & has produced 5 winners from 7 live foals
  • Click here to view pedigree

Copacabana       Unbroken yearling trotting filly (Andover Hall x Broadacrossthebeam)

  • Half-sister to smart 2017/18 2yo Zarem (placed Group 1 Vicbred Platinum)
  • Dam won 4 races
  • Grand dam won 10 races and has produced 4 winners from 5 live foals
  • Click here to view pedigree

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.

 

Social Functions

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:

  • Club 21 hosted race nights at the Cranbourne Racing Centre
  • Organised weekend stable visits (and breakfast) with our trainers and the equine members of our team at the Cranbourne Training Centre
  • And more

 

Member Costs

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

 

Next Steps

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 cranbourne@hrv.org.au