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JMB Racing - Structure and Information
JMB Racing
is our registered racing syndicate (registered with Wetherbys
UK) the
racehorses allocated to JMB Racing are in training with Milton Bradley, one of the UK's most
respected trainers.
Each horse is
allocated into 5 parts (4 x 12.5 shares available as part
ownership shares and 50% allocated to the racing club).
The racing club
will be based on up to 125 members per horse, ie 4 horses =
maximum of 500 members of the racing club, 6 horses=750 members
etc.
Each member/unit of
the racing club is allocated % share of prize money awarded
based on maximum subscription ie if the club has four horses
then each member unit would receive 1/500th of 50% of prize
money per horse, if club has 6 horses then each member unit
would receive 1/750th of 50% of prize money award per
horse.
You may join club
for more than one unit, ie if you join as two units (double
subscription fees) you will be allocated 2 membership logins and
passwords and will receive two payments of prize money combined.
Owners badges are allocated by membership ids and you may apply
in both for raceday badges etc.
You can be assured of an open and honest approach to racehorse ownership that includes
full details of all aspects associated with
your syndicate.
Owners badges are available free of charge or at discount
whenever we are racing, these racecourse tickets give you full access to the parade ring, owners/trainers
bars/restaurants, access to owners viewing areas including
private boxes at some racecourses. These tickets are not
available to the public as they are strictly limited to
racehorse owners/syndicate members.
You can visit your horse at the stables
at a time to suit you (by prior arrangement).
All information
shared via the members site is based on our opinion and no
guarantees come with the information, any losses incurred
through betting is at your own risk.
Race entries and
ticket application is posted in the members website area prior
to racing.
After signing up we
will email and post you a welcome letter and your personal access details
to the restricted website area, access is available online 24/7.
JMB Racing Terms and Conditions
1/Legal Ownership
and racing registration of the business's horses are determined
by JMB Racing management, all horses are
registered to a nominee of JMB Racing. Your ownership share is
an agreement with JMB Racing.
2/ The
prize money entitlement calculation,
the proportion of the horse funded by memberships and the
standard industry distribution percentages to jockey, trainer
etc (currently deductions for winning are 23% and placing 20%),
for example if a JMB Racing horse was awarded a prize of £10,000
for winning a race, the owners would receive £7,700, or if
awarded £1,000 for placing owners would receive £800, this
amount is then divided by share percentage to part owners and
racing club.
3/ You agree
not to share information with anyone outside of the club.
4/ You declare
that your main interest in being a shareholder is the enjoyment
of your allocated racehorse and is in not based on expected
financial returns.
5/ Free race day tickets are limited in
number and may not necessarily be allocated to yourself,
unless you are a part owner of 12.5% or great in a club horse.
6/ Application for owners badges is only
via the members area of the website and free discounted
allocation is by a random draw with fair rotation method.
7/ You promise
not to initiate communication with the horse's trainers,
all communications should go through JMB Racing official contact
points published on the website.
8/ You
undertake to raise any queries or complaints to
at
info@jmbracing.co.uk
in the first instance.
9/ You or JMB
Racing may terminate your ownership
without giving reasons. Any refund of monies received will be at
the sole discretion of JMB Racing management.
10/ Only part owners
(12.5% or greater) will receive any proceeds from horse sales,
club members will receive a substitute horse within 30 days of a
horse being sold.
11/ Prize money
allocated to club members will be paid within 45 days by Paypal
or UK Cheque either annually or at request from member, subject
to a minimum payout of £10, any figure under this amount will be
carried over while membership is active if membership lapse
prize money due will be allocated to a racing charity.
12/ Your membership
will be cancelled and members access removed within 14 days of
non payment of monthly or annual fee.
13/ Any misuse or
abuse of the private messaging and forum facilities of JMB
Racing will immediately terminate your membership.
14/ Membership
cannot be resold. Part ownership shares (ie 12.5% or above maybe
resold, though a £60 transfer fee will apply to change owners
registration details before the transfer of ownership is valid.
15/ Members Web Area terms -
You agree not to post any abusive, obscene,
vulgar, slanderous, hateful, threatening, sexually-oriented or
any other material that may violate any applicable laws. Doing
so may lead to you being immediately and permanently banned (and
your service provider being informed). The IP address of all
posts is recorded to aid in enforcing these conditions. You
agree that the webmaster, administrator and moderators of this
forum have the right to remove, edit, move or close any topic at
any time should they see fit. As a user you agree to any
information you have entered above being stored in a database.
While this information will not be disclosed to any third party
without your consent the webmaster, administrator and moderators
cannot be held responsible for any hacking attempt that may lead
to the data being compromised.
16/
You agree to abide by the rules of JMB
Racing and to have reviewed them.
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