|
4.
A New Era In
Horse Ownership!
|
03/01/2003 |
|
|
|
Racehorse
ownership in Singapore is entering a new era with the newly formed Singapore
Turf Club Racing Management Private Limited (STCRM) creating exciting
opportunities for both new and existing owners.
The latest initiative from the Singapore Turf Club (STC) will pave the way for a
new kind of ownership. One which will see the thrills of racehorse ownership and
the enjoyment of an outing at the races combined at an affordable price.
STCRM has been created specifically by the STC to make racehorse ownership more
affordable and will provide its participants with all the social enjoyment of
the racetrack along with the chance to compete for over $39 million in
prizemoney annually. One such avenue will be through ‘racing trusts’.
The very first racing trust, scheduled to be offered to the public in January
2003, will be known as ‘Orange Racing Trust’ and will comprise 50
stakeholders who will own and race a stable of five racehorses from Australia.
Five of Singapore’s top trainers have been selected to train the thoroughbreds
and they will be professionally managed by Mr Larry Foley, who has been seconded
from his position as Assistant Manager (Racing Liaison) of the STC, to full-time
Manager for STCRM.
“STCRM has been designed to make owning a racehorse easy. The STCRM team will
be responsible for the overall management of the horses and will be answerable
to the racing trust stakeholders. This will allow stakeholders to sit back and
enjoy the experience of racehorse ownership. A part of the experience will be
the opportunity to interact with some of the best trainers and jockeys that
Singapore has to offer. The fact that five racehorses will be involved in the
first scheme means the Orange Racing Trust colours should be a regular feature
at Kranji, keeping the interest up all year round.”
“With the outstanding facilities available for racehorse owners in Singapore,
more people are becoming aware of the social aspect of racing and the thrills of
ownership and a racing trust is an ideal introduction into the ‘King of
Sports’, said Foley.
Mr David Chester, Managing Director of Magic Millions, a highly reputable
bloodstock organisation from Australia, had carefully selected the five
racehorses, which met with STCRM’s strict criteria for soundness and pedigree.
The $39 million in prizemoney on offer to these thoroughbreds includes the 27
feature races that are staged at Kranji annually. Races like the $3 million
Singapore Airlines International Cup, the $1.25 million Singapore Gold Cup and
the $1 million Singapore Airlines KrisFlyer Sprint can possibly be won by a
racing trust racehorse for a relatively small outlay by the stakeholder.
Stakeholders of the racing trusts will in addition enjoy many benefits including
dividends from prizemoney won each year. Benefits such as an exclusive web page,
stable tours, raceday functions, monthly newsletters and racing education
seminars will also be available to stakeholders. On racedays, stakeholders can
enjoy the luxuries of the Owners’ Lounge, complimentary admission to all race
meetings at Kranji, free parking and the privilege to bring along one guest
every raceday.
Mr Lau Kian Heng, Senior Vice President (Racing) believes the racing trusts will
see the emergence of a new generation of racehorse owners in Singapore.
“The Club had received numerous inquiries from professionals and businessmen
who are keen to own a share in racehorses and would like to start in a small
way. STCRM will now offer these racing enthusiasts a hassle-free way of owning a
racehorse. Stakeholders of racing trusts can be assured that their racehorses
will be managed professionally in their best interest”, said Mr Lau.
A prospectus outlining all of the details of Orange Racing Trust will be
available in January 2003. For more information please contact Mr Larry Foley,
Manager, STC Racing Management at (65) 6879 1698 or email stcrm@turfclub.com.sg.
For further enquiries, please contact:
Larry Foley
Manager, STCRM
Tel: 6879 1698
E-mail: larry_foley@turfclub.com.sg
Tan Seck Geok (Miss)
Manager (Corporate Communications)
Tel: 6879 1702/3
E-mail: tan_seck_geok@turfclub.com.sg
|
