Making racing affordable
Those of us at the grass roots level of the New Zealand racing industry are getting on with business while the Racing Industry Transition Agency ('RITA') slowly implements the much-needed changes as recommended in the Messara Report.
Making racing affordable to both new & existing participants is vital and it's been a key priority since I started Challenge Racehorse Syndications at the beginning of 2012.
Buying half-million dollar yearlings at Karaka is fine, but the sums don't work too well when you ready that horse for the racetrack and he/she runs around for a $10,000 purse!
The Challenge Syndication model has always been at the other end of the cost spectrum - entry-level stuff - but it hasn't stopped us winning 9 Group and Listed races and establishing an unrivalled win-or-place strike rate of 94.73%.
The latest Challenge syndicate - launched today (you can view by CLICKING HERE) - is typical of our mantra of "affordable racing ownership, without compromise".
Starting from scratch in 2012 Challenge Syndications now has a client base in excess of 500 members. It's fair to say that a big proportion of that client base were first-time owners when they initially got involved.
Things might be tough in the racing industry right now, but one thing has never changed in my near 40 year involvement & that's the thrill of a win - be it a Maiden at Te Teko or the Bonecrusher Stakes at Ellerslie!
And as I've just outlined, you don't have to spend thousands to be a part of it.