JustBookies Racing Club - How It Works

The Joint-Ownership Rules: Terms & Conditions
Each joint-ownership will comprise one horse and four equal shares.

One owner can purchase a maximum of three shares per racehorse. That is because JustBookies.com Limited (trading as JustBookies Racing Club) will always retain a minimum of one quarter share in each horse, so be assured we want the venture to be as successful as you.

Unlike many commercial syndicates, we make no profits from the ongoing training fees and ancillary costs. You simply pay them pro rata to your percentage in the horse.

We will register a joint-ownership in the horse and you can be officially registered as an owner with the BHA (racing's ruling body). This ensures that prizemoney won is paid directly to you.

At the end of each year a decision will be made by vote (one vote per share) if the horse is kept in training for the following year. If this results in a tie, then JustBookies Racing Club will have the final say. If the horse does not go back into training, the horse will be sold at public auction and the sale proceeds paid to the owners.
If the horse is sold out of a selling or claiming race then the joint-ownership will end that day. After the final expenses have been paid, all remaining funds including the proceeds of sale, will be distributed to owners without delay.
If any owner fails to make payment of their share of ongoing fees within two months of the invoice date, then the share will pass to JustBookies.com Limited (t/a JustBookies Racing Club) at no cost.
The horse(s) will run in the name of JustBookies.com and its other joint-owners (if desired by the joint-owner) and will be named by JustBookies.com Limited (t/a JustBookies Racing Club).

Management Fees: Because JustBookies Racing Club names the horses specifically to promote their websites (such as Bookies), traditional management fees do not apply. Once you have purchased your share, the only fee JustBookies Racing Club will take for the management of the syndicate is 10% of the ultimate gross sale price of each racehorse and only if that gross sale price is greater than the original gross purchase price that you paid.

It is important to note that this is not a 'collective investment scheme'. Any prizemoney earned or profits realised on the sale of a horse is incidental to the primary aim, that being fun and enjoyment, of the partners who join JustBookies Racing Club.

If you would like to purchase a share please contact JustBookies Racing Club