Racing Club
Terms & Conditions

THIS FORM WILL BE INCLUDED IN YOUR MEMBERSHIP PACK

FOR YOU TO SIGN AND RETURN. T & Cs as per Appendix A

This agreement is made on the day of 20

Between Richard Hughes Racing Club

And ……………………………………………………………………………………..(The member)

Of ……………………………………………………………………………………………………………….

……………………………………………………………………………………………………………………

Tel:................................................................................................................

Email:………………………………………………………………………………………………………….

Date of Birth:…………………………………………………………………………………………….

The dominant purpose of this agreement is the enjoyment of horse racing and is not designed to be an investment opportunity.

Under the direction of Richard Hughes the welfare of any of the horses leased by the Racing Club is paramount at all times.

The membership will run for 12 months from the date of this agreement.

The number of races in which the horses will run in (if any) during the ownership year cannot be guaranteed. A minimum of 1 horse will be leased by the Racing Club at any one time.

A share entitles the member to;

A share of prize money won by any Racing Club horses during the year.

Owners badges to the racecourse when the Racing Club horses are running determined by a ballot system.

Two official RHRC stable visits per calendar year but shareholders are welcome to visit at other times during the season by prior arrangement.

RHRC will be administered by Richard Hughes Racing Ltd and shareholders money will be used during the year to cover the following costs;

Weatherbys registrations

Banking charges

Training fees

Farrier/veterinary/dentist, physio fees

Race entry fees

Jockey Fees

Transport costs

Lads and trainers racing expenses

Insurance

Sale/renewal of Membership

Each share is non –refundable.

Each share is only valid for 12 months from the date of this agreement.

Members cannot sell shares for a profit.

Membership will be renewable for a further 12 months from the date of this agreement ends.

Please refer to APPENDIX A for further details.

Signed by Member

………………………………………………………………………….

Date: ………………………………………………………….

Appendix A

Club Name & Registration

The name shall be Richard Hughes Racing Club. Richard Hughes Racing Club shall appear on declarations and not in any one person’s name. RHRC (Richard Hughes Racing Club) is a registered Racing Club with BHA/Weatherbys and has its own dedicated Weatherbys Bank Account for RHRC transactions only.

The trustees for the club shall be Richard Hughes, Richard Hughes Racing Ltd and named manager Rose Osborn. These are the only persons responsible for liaising with the BHA/Weatherbys. Only the trustees need to liaise with the BHA or Weatherby’s regarding RHRC.

The trustees shall be responsible for associated paperwork with BHA/Weatherby’s. No member of the club should engage with BHA/Weatherbys, racecourses and media on the clubs behalf or on racing related matters.

Membership

Membership of the club is available to all provided you can comfortably meet the upfront payment. A membership share is effective for a full period of 12 months from the date on this agreement. Membership includes where possible but not limited to;

RHRC horses in training and race information will provided by email, social media and the members login page :

Updates on runners and results and information will be via member’s login area on

Richard Hughes Racing website. Dedicated members only website page. Members will be provided with a unique login number to view this page. Members only will be able to view this page. Members cannot share this login code with non-club members.

Badges to the racecourse when club horses run will be available to club members.

Racecourses often limited owner’s badges to 6/8 per horse.

Club members are invited to enter a draw for to attend the race meeting with a complimentary owner’s badge. On occasions there may be a chance to purchase owners badges, again this may be subject to a draw. If there is a high demand for badges only Club members will be eligible for owner’s badges and family members will not be entered into the draw.

Club members are also welcome to buy general admission badges from the racecourses directly.

2 stable visits per year to see the clubs horses and meet the team. Details of dates and times will be on the member’s login page. Members will be asked to confirm attendance. Priority of attendance will go to club members first. Should there be space available then there may be a draw for family members to attend. Club members are welcome to visit at other times by prior arrangement.

In the event that any club horse(s) is injured then it is the responsibility of the racing manager and the trainer to find a replacement. The club will aim to have a minimum of 1 horse in training with the Richard Hughes at any given time.

Members are reminded that the club allows them to have an interest in the activities of the club and does not amount to racehorse ownership. Membership is primarily an entertainment. It is not an investment opportunity and cannot be utilised for any commercial purpose.

All Club horse(s) are leased and, if sold, we will endeavour to find a replacement(s) as quickly as possible.

All training related expenses* are the responsibility of the RHRC. RHRC will be administered by Richard Hughes Racing Ltd, membership fees during the year will cover the following costs

Weatherbys registrations

Banking charges

Training fees

Farrier/veterinary/dentist, physio fees

Race entry fees

Jockey Fees

Transport costs

Lads and trainers racing expenses

Insurance

Any other costs Richard Hughes Racing Ltd feels are related to the welfare of the club horses and benefit club members

Finance & Club Treasurer

Richard Hughes and Rose Osborn shall be the Club Treasurer and responsible for all financial matters.

Rose Osborn shall be responsible for all financial mattersincluding feesto the trainer, fees to Weatherby’s and to the lease owner of our horse(s).

Membership fees;

One off £50 registration fee for new members

12 month membership fee of £735.

Membership of RHRC will run for 12 months from the date of this agreement. In all circumstances the 12 months membership fee is not subject to any additional requests for payment in relation to the keeping and training of the racehorses, no matter what costs the Club may incur.

If the management of RHRC is of the opinion at any time that there are insufficient Members to fund the Club’s activities at a level consistent with its objectives then the

Management reserves the right not to proceed with the intended horse racing activities of the Club and reserves the right, to refund to all those who have paid a membership fee without interest as per membership period remaining. Members cannot sell membership to third parties.

Any lapsed or non-paying member shall no longer be permitted to use the Members Area of the club website.

Prize money won by the horses during the period of membership is distributed amongst the members twice a year as per their share. There can never be any guarantee of any level of prize money, given that this is dependent on how well the horses perform on the racecourse and the training costs.

The sum distributed to Members per specific race is determined by the relative net total paid to the Club by Weatherby’s. The additional deductions from the total race prize fund are entry and supplement fees deductions and also extend to trainer/jockey/groom expenses and the buying and the cost of leasing horses, as per the training costs mentioned above*.

The management of RHRC have carefully planned for the club to have a successful future but should the club be dissolved or disbanded for any reason RHRC will pay any fees owed to Weatherby’s as a priority.

RHRC reserve the right to terminate or suspend your membership with immediate effect at any time if – Any conduct by you which, in the management’s opinion, is damaging to the character or interests of the racing club or offensive to other members or staff.

There will be no reimbursement of the registration or membership fees should club members wish to terminate their membership with their 12 month agreement. Each share is non refundable

Risk accepted by Members

In view of the unpredictable nature of owning and racing racehorses, save as set out expressly in this agreement, no guarantees or warranties whatsoever are made by RHRC.

The Member acknowledges and accepts that participation in the Club is for the purpose of sharing in the enjoyment of the Horses and horse racing and not for investment purposes. b) Whilst it is the Manager’s intention to have 2/3 Horses in training at any one time, it may not be possible at all times. Richard Hughes Racing Club reserves the right to amend these Terms and Conditions at any time.