Terms and Conditions

 

The 4Racing Owners Club is a racehorse shared co-ownership scheme managed by David Moore with the aim of syndicating shares in horses for the enjoyment of the horse as a Racehorse.

 

There will be 100, 1% shares, in each syndicated horse, at a cost of £480 per year, which will be applied towards the leasing, training costs and racing costs, associated with each horse, no admin fees or expenses will be taken by David Moore.

 

Following the end of each 12 month syndication period, a final account shall be prepared, any prize money won will be divided equally between each shareholder. After all expenses have been met any surplus funds will be donated to our associated racing charities.

 

The syndicate will operate in accordance with the Rules of Racing, the relationship of the shareholders is that of co-owners as beneficial lessees and each shareholder will not be liable for the obligations of other shareholders.

 

The 4Racing Management Team shall exercise normal care in carrying out their roles under these terms and conditions but cannot be held responsible for matters beyond their immediate control. No shareholder shall have any claim against 4Racing or the syndicate managers in respect of any loss or injury sustained howsoever caused.

 

If any syndicate shareholder defaults in the making of any payment for which the member is liable, then all rights of that member in relation to the syndicate and syndicated horse will be suspended. If payment is not received within 30 days of request of outstanding payment, it will be deemed that the member has withdrawn from the syndication and will waiver all rights to any dividends.

 

It shall be the responsibility of the Syndicate Manager to ensure that each individual syndicate operates within budget and no members will be liable for any additional costs above their initial outlay.

 

There shall be no scope for a member to withdraw from the 12 month syndication period other than by default, no refunds will be payable for a default share.

 

Each shareholder must acknowledge that participation in a 4Racing syndicate is for the purpose of sharing in the enjoyment of the horse and it is not a financial investment.

 

All shareholders must confirm that they are not serving any ban from horseracing activities by the BHA or Weatherby’s and should they receive any such ban during the syndication period, then they must give notice to the 4Racing Management immediately and in lines with the rules of racing, they will be omitted from the syndicate without a refund of payments made.

 

Any type of social media posts on Twitter / Facebook etc that gives poor demeanour or quotes about either the horse, 4Racing, or any other shareholder will also result in the forfeit of their share with no right of appeal whatsoever, also, good conduct is expected at all times at the Racecourse or any 4Racing Organised Event, any poor behaviour, bad language or alcohol related instances will not be tolerated and will also result in the forfeit of their share with no right of appeal whatsoever.