What Are The Costs Of Syndication?
Depending upon the greyhound, the initial syndicate share prices can range from $150 per share to over $10,000 per share. Race A Chaser greyhound syndications will only ever syndicate minimum 5% shares in each greyhound to maximise owner value and experience.
Q. How much are the ongoing monthly charges to keep the greyhound?
A. The simple answer is……it depends.
A 10% share owner should expect to pay, on average, no more than $39 per month for a greyhound pup from 3 months of age right though to racing. Those monthly costs will be reasonably steady during rearing but will increase during breaking in and pre-training.
So your monthly costs will vary depending on the stage your greyhound is at in its preparation for racing.
Generally once in racing, the greyhounds costs revert to being reasonably static, except for interstate travel expenses and extraordinary veterinary expenses.
Q. So how do you arrive at $39 per month for costs?
A. Simple maths really.
Assuming your greyhound ownership is from 3 months of age.
You can expect to pay :
10 months of rearing @$ 75 per week average = $3000
2 months of pre-training @ $100 per week average = $800
1 month of breaking-in @ $150 per week average = $600
2 months of further rearing @ $100 per week = $800
3 months of pre-race pre-training @ $150 per week = $1800
So our budgeted spend to get your greyhound to the track from 3 months of age = $7000 divided by 18 months = $388.89 per month per dog.
This is a maximum predicted spend and will often be much cheaper.
For a 10% shareholder in one of our 3 month old syndicates this will work out at roughly $39 per month.
Q. What does the $39 per month include?
A. Everything.
Rearing fees, pre-training fees, routine veterinary costs, routine transport, registration costs, feeding costs, supplements, vaccinations, micro-chipping (if applicable), gear costs including unique Race A Chaser collars, leads, muzzles and rugs
Q. So what are my monthly costs when my greyhound is ready to race or racing?
A. On a worst case scenario, with your greyhound placed with a premium greyhound trainer in either Victoria or New South Wales and they do not win any prizemoney; you can expect to pay $150 per week per dog to keep your greyhound with that trainer.
That equates to roughly $60 per month per 10% shareholding. This is an absolute worst case scenario.
Our trainers will be on contract and with the exception of extraordinary costs, interstate travel costs or accidental veterinary fees, the routine monthly training fees will be based on either a static monthly fee plus a percentage of prizemoney, or purely based on a percentage of prizemoney won.
Q. Does it ever happen that a racing greyhound doesn’t win any prizemoney?
A. Never. If you greyhound is fit and injury free, Race A Chaser will always place your greyhound to its best advantage to maximise your ownership experience and your financial returns.
Of course prizemoney levels and the state you greyhound races in can affect those figures, but your greyhound will always be placed to maximise you enjoyment and returns.
Q. So is the $39 per month or $60 per month for a 10% share, a fixed payment and how and when am I expected to pay?
A. No it is not a fixed payment. The average prices quoted are only indicative of average costs. You will be sent a monthly account for the proportional ownership % of your greyhounds actual costs for the month in arrears.
In the case of a racing greyhound, who is earning prizemoney, there may well be no out of pocket costs to pay. Instead Race A Chaser will distribute your share of your greyhounds net prizemoney directly to you.
