K
Kathy
Guest
I do feel sorry for the poor people that buy into these "clubs" expecting stable visits, a tipping line, and more importantly horses to support and go racing with.
Latest from The Racing Post:
Racing club suspends activities
by Turia Tellwright
THE financial position of the Alan Brazil Racing Club was thrown into question on Friday when the club announced that it has been obliged to suspend activities due to “refinacing” difficulties.
Only one horse, the Gary Moore-trained Tamreen, has run under the ‘Alan Brazil Racing Club Ltd' banner so far this year. The gelding was most recently seen running in a Fontwell bumper on September 9 in his trainer's own colours. He has not raced under the Alan Brazil banner since finishing last in a handicap hurdle at Fontwell in April.
"There were no longer sufficient funds in the Weatherbys' account for me to enter the horse," said Moore on Friday.
“He was ready to run and so I have been running him under my own name."
However, callers to the club were on Friday still being treated as potential clients, despite the club's website posting a worrying notice.
The notice read: "The discussions relating to the re-financing of the Alan Brazil Racing Club have continued. However given current market conditions it is thought unlikely that these will be concluded in the near future.
"Accordingly it has been decided, reluctantly, to suspend until further notice the activities of the Racing Club. Accordingly the club's horses will no longer run in club colours and the club website will close with immediate effect.
"Should current discussions with potential finance partners and commercial partners turn out favourably then the clubs activities will resume. In the event that no favourable outcome is possible then the directors will consult with the principal creditors."
One club member, who wished to remain anonymous, reported that he has not heard anything from the club since the last monthly newsletter arrived in May 2006. The club's direct line is also no longer in use.
Moreover, the club's tipster, Sean Trivass, better known to members as 'Sir Ivor', left when he failed to receive payment for his services and has since sent an email out to members informing them that he has now set up his own tipster service.
Membership to the club costs an annual fee of £260 and advertises benefits such as daily racing tips and complimentary days at trainer Neville Callaghan's Rathmoy Stables.
Despite the fears for owners' investments in the club, the British Horseracing Authority, whose stated aims include protecting the integrity of the sport, declined to comment on Friday, reasoning that the controversy was not a "regulatory issue".
In May 2006 the HRA warned racing club Turf 2000 owners John Grey and Kate Holden off racing, 12 months after disputes with trainers Nick Littmoden and Jamie Osbourne concerning unpaid training fees. The club's remaining three horses were acquired by the Alan Brazil Racing Club for trainer Jonathan Jay who was owed £7,500 in training fees.
Club members are today left questioning whether they are facing a case of deja-vu.
Latest from The Racing Post:
Racing club suspends activities
by Turia Tellwright
THE financial position of the Alan Brazil Racing Club was thrown into question on Friday when the club announced that it has been obliged to suspend activities due to “refinacing” difficulties.
Only one horse, the Gary Moore-trained Tamreen, has run under the ‘Alan Brazil Racing Club Ltd' banner so far this year. The gelding was most recently seen running in a Fontwell bumper on September 9 in his trainer's own colours. He has not raced under the Alan Brazil banner since finishing last in a handicap hurdle at Fontwell in April.
"There were no longer sufficient funds in the Weatherbys' account for me to enter the horse," said Moore on Friday.
“He was ready to run and so I have been running him under my own name."
However, callers to the club were on Friday still being treated as potential clients, despite the club's website posting a worrying notice.
The notice read: "The discussions relating to the re-financing of the Alan Brazil Racing Club have continued. However given current market conditions it is thought unlikely that these will be concluded in the near future.
"Accordingly it has been decided, reluctantly, to suspend until further notice the activities of the Racing Club. Accordingly the club's horses will no longer run in club colours and the club website will close with immediate effect.
"Should current discussions with potential finance partners and commercial partners turn out favourably then the clubs activities will resume. In the event that no favourable outcome is possible then the directors will consult with the principal creditors."
One club member, who wished to remain anonymous, reported that he has not heard anything from the club since the last monthly newsletter arrived in May 2006. The club's direct line is also no longer in use.
Moreover, the club's tipster, Sean Trivass, better known to members as 'Sir Ivor', left when he failed to receive payment for his services and has since sent an email out to members informing them that he has now set up his own tipster service.
Membership to the club costs an annual fee of £260 and advertises benefits such as daily racing tips and complimentary days at trainer Neville Callaghan's Rathmoy Stables.
Despite the fears for owners' investments in the club, the British Horseracing Authority, whose stated aims include protecting the integrity of the sport, declined to comment on Friday, reasoning that the controversy was not a "regulatory issue".
In May 2006 the HRA warned racing club Turf 2000 owners John Grey and Kate Holden off racing, 12 months after disputes with trainers Nick Littmoden and Jamie Osbourne concerning unpaid training fees. The club's remaining three horses were acquired by the Alan Brazil Racing Club for trainer Jonathan Jay who was owed £7,500 in training fees.
Club members are today left questioning whether they are facing a case of deja-vu.