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Ownership

SYNDICATIONS & OWNERSHIP

There are three different types of Greyhound ownership available in NSW through the statutory body, GWIC (Greyhound Welfare Integrity Commission)

Sole Ownership

This involves owning a greyhound on your own and having complete control over all decisions for the greyhound from rearing, to racing, to breeding. It also means that all costs associated with the greyhound have to be paid for completely by you. However, if your greyhound experiences success, once the trainer is paid their agreed percentage of the prizemoney, the balance is yours. Click here to download the GWIC Ownership Application Form

Partnership

A Partnership consists of between two (2) and ten (10) people. Being in a Partnership means that any associated costs with the ownership of the greyhound are split amongst the Partnership members. It also means that all decision relating to the greyhound must be approved by all members of the Partnership and that each person is required to sign all documents relating to the ownership of the greyhound. For example, naming applications, ownership transfers and breeding decisions need to be agreed upon by each and every member.

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.

Syndications

A Syndicate consists of between two (2) and twenty (20) members and is a great way to become involved in greyhound racing with friends, family or colleagues.

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
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