(i) The Golden Horse Racing Club Limited (company number 09397267) ("TGHRC") provides the Member certain benefits associated with TGHRC’s ownership of the horses currently in training for the duration of their membership with TGHRC. The benefits are as follows:-
(a) an opportunity to follow every one of the horses owned by TGHRC;
(b) to share TGHRC’s racing colours;
(c) to be kept up-to-date with the latest training news and winning chances for all TGHRC horses throughout the term of the membership.
(d) where available, to receive a share in any of the prize money won by TGHRC’s horses in accordance with the terms and conditions herein.
(ii) Prize money won by the horses during the period of membership is distributed equally amongst the Members at the end of their membership (Minimum 6 months). The level of prize money can never be any guaranteed, given that this is dependant on how well the horses perform and the number of Members at the point of each race.
(iii) The sum distributed to Members per specific race is determined by the relative net total paid to TGHRC by Weatherbys (excluding vat) and in accordance to the % of horse owned or leased by TGHRC. Additional deductions from the total GB race prize fund are all entry/supplement fees and racehorse transport. Any BOBIS (British Owners & Breeders Incentive Scheme), or similar, payments made to TGHRC, above prize money won, will be retained by the TGHRC.
(iv) where available, Members will receive a share in any of the prize money won by TGHRC in Scoop6, whereas the share is proportionate to the investment allocated from the membership, which will be made aware before each Scoop6 entry.
(v) Members will be kept up-to-date with trainer information regarding all TGHRC horses throughout their membership via the password-protected Members area of TGHRC website. This information is strictly for Members only.
(vi) When TGHRC has a runner, Members will be kept up-to-date with trainer information regarding the winning chances of the horse via the password-protected Members website. This information is strictly for Members only.
(ix) TGHRC has negotiated Members admission discounts for many racecourses offer. These discounts, are published, by racecourse, in the Racecourse Discounts section of the Members website. TGHRC commit to continuing to try and source the best possible racecourse admission discounts for Members throughout the term of their membership.
(x) TGHRC gives an undertaking to provide Members with unique content in the password-protected Members area where Members will have access to regular written articles (will come into effect in month 2 of subscription). All welcome packs will be sent to members at the beginning of their 2nd month in the racing club.
(a) TGHRC is committed to maintaining high standards amongst contributors and will be vigilant in maintaining these standards.
(b) The purposes of these articles is to further the enjoyment of Members during their membership.
(xi) All decisions relating to the horses, trainers, administration, and general management, shall be taken by TGHRC and their trainers.
(xii) Members must be aged 18 or over.
(xiii) Membership is for personal use only and cannot be utilised for any commercial purpose.
(xiv) It is understood by the Member that at no time does the Member have a legal or equitable interest in any of TGHRC horses (or any share thereof); and
all TGHRC-related rights the Member benefits from are personal to the Member alone and may not under any circumstances whatsoever be sold, gifted, bequeathed, leased, assigned, form part of a loan, offered or granted as security to any third parties.
(xv) If the Member chooses not to renew at the end of their Membership period, the membership shall expire. There is no commitment to remain a Member after their membership period has expired.
(xvi) Any person who is banned from entering a racecourse or other licensed premises by the BHA, cannot be a member of TGHRC.
(xvii) Members are reminded that Membership of TGHRC is for the purposes of enjoyment and entertainment and is not an investment opportunity.
(xviii) All shareholders must be fully up to date with their training fees and no refunds on costs of shares are offered by TGHRC. Failure to do so will result in you losing your shares!
(xviiii) TGHRC reserves the right to amend these Terms and Conditions at any time.