An exciting new concept is being introduced at Hastings Racecourse that will provide fans with the opportunity to share ownership of two racehorses in a low-cost, low-risk and fun-filled venture.
To be known as ‘The Hastings Racing Club’, a limited number of memberships (200) are being offered for $250 with the shared ownership participants being provided with ‘an up close & personal’ experience of owning a race horse.
Funds raised from selling The Hastings Racing Club memberships will be used to pay for the purchase of the horses, training fees and other expenses. Richard Yates, Secretary-Treasurer of the HBPA (Horsemen’s Benevolent & Protective Association) will represent the Club’s interest as manager of the project.
Club memberships will include shared ownership in the two horses with plans to race at Hastings; reserved grandstand seating on Hastings Racing Club race days; accompanied paddock access; accompanied backstretch access to watch the designated Club horses in training; complimentary live racing programs; weekly updates and ownership information, plus monthly financial updates.
The Hastings Racing Club will operate until the conclusion of the Hasting Racecourse 2015 season (unless it becomes prudent to cease operations at an earlier date) at which time the horses will be sold. Any monies remaining in the account, after the purchase price of the horses and all financial obligations are met, will be divided equally and returned to Club members (without interest).
Membership fees can be paid by cheque or cash by contacting Richard Yates of the HBPA of BC at rayates@shaw.ca
More from Canadian Thoroughbred:
