GREYHOUND TERMS & CONDITIONS

Double - R - Racing

Greyhound syndicate terms & conditions

Terms and Conditions apply to all current Syndicate members irrelevant of when they joined the Greyhound syndicates.

1.       OWNERSHIP: Double-R-Racing will purchase 55% of each dog for their Racing Club with the remaining 45% offered in ownership shares of various sizes. By taking out a share in one of our Greyhound Syndicates you accept in full all terms and conditions and agree to always comply with them and that you are aged over 18 years of age. Any disqualified persons from any Horse racing or Greyhound racing stadiums or racing syndicates are not welcome to purchase any Double-R - Racing Syndicate shares on offer. If you purchase a share and it is found out that you are a disqualified person, the share will be removed and placed for sale and no refund will be given.

2.       USE OF DOUBLE-R-RACING SYNDICATES: All confidential information MUST be used ONLY by the member whose name is entered in the registration form of the Greyhound. If the trainers of our greyhounds inform you personally of any information about the syndicate greyhound or other greyhounds in their care this cannot be held against Double-R-Racing in any way shape of form. Double-R- Racing will brief the owners individually on the expected performance of the Greyhound in each race.   

3.       REFUNDS: Double-R-Racing Syndicates cannot offer refunds of purchases under any circumstances. This is not through lack of goodwill but because we have fixed costs that are incurred, and we offer FREE Management service only and that the value of our Greyhounds can fluctuate from one week to the next.

4. LIABILITY: Due to the nature of Racing, neither Double-R-Racing nor any of its Data Provided nor affiliates have any liability (whether in contract or tort) for any losses, costs or damages resulting from or related to use of or inability to use any information contained from our services or the provision of the services to the fullest extent to which such liability may be excluded or avoided by law. In no event shall Double-R- Racing be liable to you for perceived or actual lost profits or for indirect, incidental, special, punitive or consequential damages arising out of or in relation to the provision of the services or the provision provided by Double-R- Racing.
5. INDEMNITY: You irrevocably indemnify Double-R- Racing and its Data Providers and affiliates from and against any and all losses, damages and costs suffered or incurred by Double-R- Racing, any Data Providers or affiliates of whatsoever nature arising out of or in connection with your use, provision or distribution of information or any part of our services or any part or otherwise howsoever arising in relation to any breach of this agreement by you.
6. PURCHASING YOUR SHARE: When you purchase your share of the syndicated Greyhound you are purchasing the ownership % of that Greyhound. The initial charges are for the purchase of your share and this remains your property until such time that a sale or an agreed relinquishment of the share takes place. The full cost details are fully explained on the For Sale post. Double-R-Racing do not charge any management fees and as much detail as we know at the point of sale is made aware to the purchaser.
7. MONTHLY FEES: You are liable for your % share of each months Kennel bills and additional costs for your syndicated Greyhound. All possible charges are explained in the sale document of the Greyhound. You are legally responsible for your Greyhound for the length of the syndicate, and you will be expected to pay the share of the kennel bill that you incur within 7 days of the request from Double-R-Racing. Failure to pay the kennel fees for 2 months will result in the share of the Greyhound being transferred to the ownership of Double-R- Racing without any refund or recompense to you the owner. The monies raised from this will go to paying the outstanding fees owed and fees incurred until the share is re sold. 2 Months missed kennel bill payments terminates all ownership rights of the Greyhound.
8. DOUBLE-R-RACING MANAGEMENT FEES: Double-R- Racing will manage the syndicate as well as the Greyhounds career. Included in this will be a welcome pack to the owners including a photo of the Greyhound, your share certificate of ownership a copy of the pedigree, referral forms for you to recommend new members giving you a bonus payment, a list of benefits you can enjoy plus regular updates on ALL DOGS on our What’s App Group. THERE ARE NO MANAGEMENT FEES CHARGED BY DOUBLE-R-RACING AS WE DO THIS AS A HOBBY AND NOT A BUSINESS. All syndicated Greyhounds will have their own webspace on the syndicate website and Double-R-Racing will manage all the financial transactions between the owners and the trainers in concern of Kennel bills and prize money.
9. Prize Money As the owner of the Greyhound you will be entitled to your owners % share of the prize money won or run money incurred by your Greyhound. The Kennel bills will have all the details of incoming funds as well as the outgoing costs for the Greyhound. Double-R-Racing Management WILL NOT CHARGE MANAGEMENT FEES.
10. SYNDICATE SET UP: As the owner you enter a 3-year syndicate agreement with the termination date clearly on the website of each Greyhound. You own your share of the greyhound for life. The syndicates reform the same day the syndicates end with the agreed new details as agreed by the syndicate members. There is no further  purchase price to buy your Greyhound and each year after that you only pay your monthly kennel fees or if you have purchased an all-inclusive deal there are no fees to pay until after the 3rd birthday of the greyhound. As the owner at the point the syndicate reforms shareholders can either ask to terminate the agreement or continue for a further period. Kennel fees will need to be paid until the dog is sold or found a new FOREVER HOME.  If there is a need for a vote or for a ballot at any time this will be based on your shareholding. If you own 1 share you get 1 vote or 1 entry to the ballot. 2 shares 2 votes and 2 entry’s and so on. If the Greyhound wins silverware this will be drawn by ballot by the trainer or their representative on race day. Double-R- Racing Management shall ensure the winning ballot member receives the silverware. If there is a hung vote Double-R-Racing will have the casting vote
11. THE GREYHOUND RACING PLANS AND CAREER: No 2 owners or more can attempt to collude together to take a majority shareholding in any syndicate, each single owner is a single owner and Double-R-Racing Syndicates manage each greyhound. The maximum shareholding is 45% in any syndicate to any 1 person and Double-R-Racing will always control the greyhound’s career along with the advice from the greyhound’s trainer.
12. SELLING OF YOUR SHARE: All shares will be first offered to the other syndicate owners. If the majority of the shareholders wish to sell the Greyhound, then Double-R-Racing will achieve the best possible sale price. Each owner will be paid their share of the sale price less any costs that was incurred in the sale. Double-R-Racing will provide this service FREE OF CHARGE. If most of the syndicate wish to continue to the next year Double-R-Racing will then advertise any shares that are wishing to be sold but you will need to continue to pay your share of the kennel fees until such time a sale or an agreement with Double-R- Racing is made. All sales will need to be verified by Double-R-Racing to ensure that no one person holds more than 49% of the greyhound.
13. INCOME DISCLAIMER: Every effort has been made to accurately represent the products/services sold by Double-R- Racing and of their potential for income or expenditure.  Examples of income generation, profit and feedback from existing clients does not guarantee that you will make these same levels of profit and income as they have achieved.  You accept the risk that the income statements differ by each individual syndicate.  Your own results may vary, and will be based on your individual capacity, experience, expertise and level of commitment in the syndicates you purchase shares of. There are no guarantees concerning the level of success you may experience with any Greyhound syndicate. Any testimonials featured on the Double-R-Racing website are not intended to represent or guarantee that you will achieve the same or similar results. Everyone’s success depends on his/her background, dedication, desire and motivation. Double-R- Racing are not responsible for an individual’s actions and are not bound by any assurance that profits will be achieved using any products/services sold by Double-R-Racing. You recognise that trading, or betting and alternative investments can be speculative, and responsibility for all trading, betting and investing decisions is up to you. You should not trade, bet or invest with money you cannot afford to lose. gambleaware.org
14.  RELINQUISHING SHARES: If an owner wishes to relinquish any shares in any Greyhound notice of 3 months is required. This charge goes towards the requirement of payment of future kennel bills and / or the finding of a suitable home for the Greyhound. Double-R-Racing Syndicates will not accept owners just relinquishing shares as dogs reach the end of its careers without the Relinquishment charge being applied, the greyhound has given the owner the pleasure of racing and lots of entertainment and the greyhound is the responsibility of the owners until the greyhound is sold or found a retirement home.
15.  ALL INCLUSIVE SHARES The pricing structure for the purchase of an all-inclusive share purchase of an all-inclusive share will include the purchase of your greyhound share, any transport on purchase and all start up fees including registration and bond payments                           We have made the old style all-inclusive share more affordable to all members with the pay monthly option.