Racecourse Bond

markwilkinson

http://www.bbc.co.uk/news/business-22275845

Doesn't interest me but might be of interest to someone.

arcadia00

Couple of questions.

1. Is is possible to spend the 3% returned as Rewards4Racing points on wagering, i.e. (potentially) turn these points into cash.

2. If they defaulted on this bond what actually happens? Do you have any claim on their assets which look substantial.

HappyMJ

arcadia00 wrote: »

Couple of questions.

1. Is is possible to spend the 3% returned as Rewards4Racing points on wagering, i.e. (potentially) turn these points into cash.

2. If they defaulted on this bond what actually happens? Do you have any claim on their assets which look substantial.

No you can exchange points for entry to a racecourse. £2,000 invested woud get 3% back in the form of vouchers towards those entry fees. That £60 should cover at least 2 visits a year....if you have a racecourse nearby and you are interested in visiting then it's worth it.

theGrinch

the fact its only part cash and the rest with strings, makes it more attractive for the race goer rather than the general public - not surprising as they need to raise only 14m.

regarding the BHA's total mismanagement of aintree, please come back jockey club.

Nicholas-bloody-Parsons

This is being featured on Radio 4's Moneybox at Noon today. The Jockey bond offer is being extended for another [STRIKE]10[/STRIKE] 9 days.

They already hit their £15M target. It doesnt say whether they want to raise more. Presumably they will raise more, or will applications be scaled back. perhaps? Im unclear. Anyone......

http://www.bbc.co.uk/news/business-22568496

Anyone going 4 it?