Over the last few months MRC has received numerous enquiries from Owners, Trainers and Stud Farms in relation to MRC Syndicating on their behalf.
Given our experience and existing infrastructure, we have increasingly taken this on and now believe it is a fundamental component of our business.
In order to give owners a better understanding of how MRC operates, we have developed the following set of guidelines in relation to Syndicating your horse:
1. MRC generally Syndicate 10 share Partnerships and Syndications are limited to a maximum of 10 shares.
2. Both MRC and the third party agree on a “potential purchase cost” for the horse prior to any work being undertaken.
3. As Syndicators, MRC must provide independent valuations and this must take place prior to any work proceeding. The subsequent “purchase price” must fall within these parameters.
4. As Syndicators, MRC must also obtain a vet certificate that states the horse is sound and fit for racing, prior to any work proceeding.
5. Photos must be taken as well as a video where possible. Both are to be displayed on the MRC website.
For more information on syndication please contact us on race@macauracingclub.com or call us on (852) 3571 8496
The Macau Racing Club is arranging “Be an Owner for the Day” experiences where you, the potential syndicate member, can join us and experience the race day atmosphere like an owner.
At MRC Bloodstock our advisory service offers expert advice on purchasing and syndication management.