Gold Muzzle Syndications
GRNSW says their records show a number of Syndicates are formed through Sporting Clubs, Pubs, 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 as part of the Syndicate application and further, all members of the Syndicate must be registered as either and Owner, or Owner/Trainer.
Please note, there are a number of people and/or businesses that publicly offer shares in greyhounds, but unless they have an AFSL (Australian Financial Services Licence authorised by ASIC), it is a case of buyer beware. It is illegal to publicly offer shares without an AFSL and if you do purchase shares in a greyhound from a person or organisation that does not have an AFSL, no matter what the agreement is, if there is a dispute with prizemoney, fees, or how the greyhound is being managed, you will have very little recourse for compensation through any statutory or legal body unless you instigate civil proceedings. Gold Muzzle Sales & Syndications Pty. Ltd. does not hold an AFS Licence at this point in time and as such, we do not publicly advertise shares in Syndicates - we can however provide you with a roadmap and checklist of how to best set up your own Syndicate. We can help you by providing our expert advice in a number of areas including; - procuring a Greyhound (either as a Pup or a Ready-to-Race commodity) - we can make recommendations and organise reputable Rearers, Breaking-In establishments and Transporters - and we can also offer our advice and secure the best Trainer for your Greyhound If you require assistance in forming a Syndicate and purchasing a Greyhound, simply complete the form below and we will be in touch with you shortly.