posted by admin on Oct 8
Many people want to become involved in the greyhound racing industry but cannot afford to buy a dog on their own. As such, they want to become a part of a syndicate. If you are one of these people that want to start a syndicate, then this article should give you a little information to get started. Basically you have there syndication options and below you will find a short description of each.
- Buying a Greyhound Pup- Your first option is to buy a pup. This is by far your cheapest option as you can get a well bred pup quite cheaply. It is not without its downsides though. There is a risk that your pup will not break in well and may not even make it to the race track. You need to keep these things in mind when considering your syndicate options.
- Buying a ready to race greyhound- Your next option is to buy a greyhound or a share in a greyhound that is ready to race. This is going to be more expensive but you do have the benefit of knowing your greyhound has broken in well and you will more quickly see your greyhound at the track.
- Setting up a breeding syndicate- a Breeding greyhound syndicate is a more exotic option, but after initial start up costs, the syndicate could possibly end up paying for itself, giving you a tidy profit and also your own greyhounds to race. Basically, you would buy a city winning brood bitch and breed her with a city winning dog. You could then sell off some of the pups and keep some pups to race yourself.
As you have seen, there are a variety of greyhound syndicate options out there. You can decide on one preferred syndicate option or you can buy shares in a variety of options. It is all up to you.
Hamish Jones organizes Greyhound Syndicates in Victoria, Australia.
If you are keen to get involved, contact him through the website here.
posted by admin on Sep 4
Many people want to become involved in the greyhound racing industry but cannot afford to buy a dog on their own. As such, they want to become a part of a syndicate. If you are one of these people that want to start a syndicate, then this article should give you a little information to get started. Basically you have there syndication options and below you will find a short description of each.
- Buying a Greyhound Pup- Your first option is to buy a pup. This is by far your cheapest option as you can get a well bred pup quite cheaply. It is not without its downsides though. There is a risk that your pup will not break in well and may not even make it to the race track. You need to keep these things in mind when considering your syndicate options.
- Buying a ready to race greyhound- Your next option is to buy a greyhound or a share in a greyhound that is ready to race. This is going to be more expensive but you do have the benefit of knowing your greyhound has broken in well and you will more quickly see your greyhound at the track.
- Setting up a breeding syndicate- a Breeding greyhound syndicate is a more exotic option, but after initial start up costs, the syndicate could possibly end up paying for itself, giving you a tidy profit and also your own greyhounds to race. Basically, you would buy a city winning brood bitch and breed her with a city winning dog. You could then sell off some of the pups and keep some pups to race yourself.
As you have seen, there are a variety of greyhound syndicate options out there. You can decide on one preferred syndicate option or you can buy shares in a variety of options. It is all up to you.
Hamish Jones organizes Greyhound Syndicates in Victoria, Australia.
If you are keen to get involved, contact him through the website here.
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