Many people are excited by the opportunity to become involved in the greyhound racing industry through ownership by syndication but they often have questions. The purpose of this article is to give you answers to the most common questions that are asked which should make you more comfortable becoming involved in ownership.
How many people can I have in a syndicate? A syndicate involves at least two people and can involve, in Victoria, up to 20 people. In my opinion, 3-10 people make for a manageable size- 20 people can sometimes make it hard to keep everybody involved and happy.
What if I want to get out of the Greyhound Syndicate? This depends on the arrangement you come to with other syndicate members- and it should be worked out before you all start your syndicate. Commonly, if you want to sell a share in a syndicate, other syndicate members get first shot at buying a share.
How much will it Cost? It depends. You can get a greyhound from $500 up to $20000 for an extremely well bred dog. Rearing costs before a dog races can also add about $180- $200 per month. There may also be unforeseen veterinary costs.
How often will my greyhound race? This generally depends on the greyhound and how well they recover after a race, but if a dog is in form, you can generally expect to see them race at least once a week.
How long will my greyhound race for? A good, long racing career, without any unforeseen injuries, means your dog could start its career at 18 months until about 4 years old.
Hamish Jones organizes Greyhound Syndication's in Victoria, Australia.