SYNDICATIONS & OWNERSHIP
To register as a partnership, all part owners must be registered as an owner or owner/trainer with GWIC. In the partnership application, an ownership percentage must also be assigned to each member of the partnership. This percentage split is used as the basis for determining the electronic payment of each member's share of any TAB prizemoney earnt by that greyhound. Each member will receive their percentage of TAB prizemoney electronically into their nominated bank account. Therefore, GRNSW requires the bank account details for each member of the partnership as part of the application process. Please note: Prizemoney cannot be paid to one member of the Partnership only, this can only be done in a Syndicate. Click here to download the GWIC Partnership Application form.
A Syndicate allows people to combine their resources (and finances) to buy a greyhound under a Syndicate name and gives you the opportunity to share the experience with others.
GRNSW has found that a number of Syndicates are formed through Sporting Club, Pubs, Clubs, Work places and groups of friends that are keen to experience the thrill of greyhound racing.
Syndicates work in much the same way as a Partnership, however, there is an appointed 'Syndicate Manager' who is responsible for managing the affairs of the ownership group, including the distribution of prizemoney and decisions regarding the racing and breeding career of the greyhound.
Prizemoney is paid to one bank account designated by the Syndicate Manager for distribution to the members of the Syndicate based on the varying ownership percentages nominated in the Syndicate application. Therefore, GRNSW requires bank account details for the Syndicate as part of the Syndicate application.
All members of the Syndicate must be registered as either an Owner or an Owner/Trainer. Click here to go to our Gold Muzzle Syndications page