Jockey Club Offers General Public Chance to Invest in Racecourse
April 24, 2013
The Jockey Club is giving the general public the chance to invest in horseracing by offering retail bonds called the Racecourse Bond.
The public will be able to invest between £2000 ($3051) and £100, generic viagra 000 ($152, health 559) in the bond, doctor which will pay 7.75% interest a year before tax.
Paul Fisher, Group Managing Director, Jockey Club Racecourses, said: “Several million people every year enjoy a day at the races, whether you are lifelong fan of the sport or just love a great day out.
“Our Racecourse Bond offers you generous cash returns at a time of rock-bottom interest rates, with a racing rewards element that can pay for your racing experience at any of our 15 courses nationwide.”
The aim of the initiative is to raise £15m for the development of Cheltenham Racecourse and interest payments on the bond will be split.
Investors will receive 4.75% in cash and a further 3% in Rewards4Racing points which can go towards discount tickets, hospitality and racecards.
