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Thread: IDEAS on how we can improve Harness Racing

  1. #101
    Super Moderator Stallion Messenger will become famous soon enough Messenger's Avatar
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    A few months back there were ownership shares being offered on thetrots.com as you will see from the last post in this forum thread

    http://www.harnessracingforum.com/sh...910-Syndicates

    and you could see the detailed information that the trainers were supplying

    But going to it just now

    http://www.trotsownthemoment.com.au/

    there is nothing there/listed including an empty 'latest news' box

    Katie, I think trainers advertising horses following the fairly strict guidelines is the way we have to go to ensure no one is taken advantage of
    per un PUGNO di DOLLARI

  2. #102
    Senior Member Horse Of The Year Dot will become famous soon enough
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    Harness racing does not get mainstream media coverage in NA Kev as quite a few commentators were lamenting when Lazarus featured in the nightly news in NZ so I doubt that "the stable" achieved success for its fractional ownership model via advertising in the papers or other mainstream media. I suspect utilising social media effectively had a great deal to do with getting their message across to prospective owners, and then those owners themselves continued to spread the message.

    And it seems that in this day and age, in Canada at least, love the horse first and the sport second maybe a more effective message to sell the public an interest in what we do.

    Australia does have very strict consumer protection laws and that's certainly not a bad thing but perhaps racing administrators, gallops and harness, need to work with ASIC and the government to exempt racehorses and racehorse shares of a limited value from these laws.

    In other words horses of a value no greater then a predetermined set limit, and/or shares of a similar predetermined limited value are not considered an investment purchase but are purchased for the purposes of entertainment and can be bought and sold more freely then shares in higher value animals which remain an "investment" and subject to ASIC requirements, whilst horses purchased for "entertainment" are governed by rules determined and administered by racing's integrity departments.

    Conceivably that could improve returns to more "grass roots" breeders in both codes and bolster sales in the lower to mid price bracket at the sales.

  3. #103
    Senior Member Horse Of The Year arlington will become famous soon enough
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    It's not HRV that's making syndication harder but as to the reasons why you have to go through HRV, an ASIC approved lead regulator, here's some light reading. https://www.qric.qld.gov.au/licensin...s/syndication/ click on the link to the Regulatory Guide, and with this one you'll find the submission HRA put to ASIC https://asic.gov.au/regulatory-resou...eding-schemes/

    As a lead regulator I'm not sure how far/much you can promote but I do know HRV have publicised quite widely, if you'd like to get into syndication contact them for assistance.

  4. #104
    Super Moderator Stallion Messenger will become famous soon enough Messenger's Avatar
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    Maybe there is a problem with thetrots site as it surprises me that there are no shares in horses being advertised
    per un PUGNO di DOLLARI

  5. #105
    Senior Member Horse Of The Year arlington will become famous soon enough
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    May have something to do with what you've mentioned previously Kev, the 'if not fully subscribed after 6 months' thing?
    I wonder if HRV as a lead regulator are allowed to advertise?

  6. #106
    Senior Member Horse Of The Year gutwagon will become famous soon enough gutwagon's Avatar
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    The problem seems to be that they are being classed as "Investment schemes". They clearly are not as nobody expects to make a profit, just have some fun with a small chance of a profit .
    Don't die wondering !

  7. #107
    Super Moderator Stallion Messenger will become famous soon enough Messenger's Avatar
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    The ruling could also have to do with horses being owned by superannuation trusts
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  8. #108
    Super Moderator Stallion Messenger will become famous soon enough Messenger's Avatar
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    The new HRV CEO is wanting your ideas starting at Cranbourne on Dec 16

    “When I go around and talk to the participants it will be great to find out what they want to see. What can we do to incentivise breeding? Race programming – we need to be bold and innovative. What does the industry want to see? Wagering, what do we do in terms of our licence going forward? It’s all up for discussion.”

    https://www.thetrots.com.au/news/art...-to-think-big/
    per un PUGNO di DOLLARI

  9. #109
    Senior Member Horse Of The Year gutwagon will become famous soon enough gutwagon's Avatar
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    Why couldn't HRV get a Wayville type meeting at the Showgrounds ? Do they still have a grandstand ?
    Don't die wondering !

  10. #110
    Senior Member Horse Of The Year Mighty Atom will become famous soon enough Mighty Atom's Avatar
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    Quote Originally Posted by gutwagon View Post
    Why couldn't HRV get a Wayville type meeting at the Showgrounds ? Do they still have a grandstand ?
    Can't believe they used to hold Inter Dominion series on that track!

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