Abacus Bloodstock has launched its new racing club, aimed at offering “full” ownership without the expense. Many clubs offer low rates of membership, but in return members get a tiny percentage of prize money (more like a dividend), if indeed any is offered; a lottery entry into race day ticket draws; and a few extra perks – none of which constitute a true ownership experience.
Abacus Bloodstock Racing Club is different however in as much as it GUARANTEES a raceday ticket for all members with a 5% or greater stake, prize money is not a dividend but paid out in direct proportion to the shareholding, and members can choose shares from 1% and upwards in 5% share allotments. Prices start from £25 per month with 5% costing just £80. There are no hidden fees and nothing more to pay.
Stuart Matheson, club manager and co-owner of Abacus Bloodstock, says “As breeders we wanted to offer a way for people to enjoy racing without blowing the bank, and to also benefit from being part of the experience from the birth of a foal, into racing and through to retirement and potentially into the breeding sheds. We will predominantly race our fillies through the club, and with the ‘This Filly Can’ scheme currently in place, the potential prize money is excellent.”
Members can enjoy the full raceday experience as well as additional benefits like social events, regular visits to the stud in Staffordshire, updates on all the horses, and of course trainer visits. The horses will be leased to the club, meaning costs are low as there are no purchase prices to recoup, and options will be offered on horses upon retirement to the stud as broodmares or stallions.
Stuart went on to say, “So whilst members do not physically own the race horses, we want to offer members the chance to invest in longer term breeding options once the horses have shown their potential. It’s a bit like ‘try before you buy’, and it also means that by investing in a horse at an early stage, there is the potential to benefit in the longer term and reap the rewards so often denied club members elsewhere. A fact we believe is fair and innovative in the world of racing clubs.”
The first horse to run in the club colours is the homebred filly Elegant Joan (known as Treacle), a daughter of Assertive and of Abacus Bloodstock mare Fangfoss Girls. She is half sister to two multiple winners in Pancake Day (a recent winner in Belgium – The Prix
Strasbourg) and Roll on Rory who contested the Windsor Castle Stakes as a 2 year old and has gone on to achieve a rating as high as 93. Both brothers have won in every year they have raced and been in the money places in more than 60% of their races. With the mare having a 100% strike rate for producing winners, Treacle is poised to add another winner to the family and will race throughout Winter 2017 and through 2018. She is in training with group winning trainer David Griffiths.