Spendthrift Australia announces that it has formed a relationship with Trainer Connections Pty Ltd (Trainer Connections) and will offer a complimentary ASIC regulated Product Disclosure Statement (PDS) for any foal by a Spendthrift stallion to be syndicated by a trainer.
Trainer Connections is the holder of an Australian Financial Services Licence. The company has met the criteria required to obtain a licence through the Australian Securities and Investment Commission (ASIC) after passing the stringent conditions imposed on companies who apply.
One of the benefits offered by Trainer Connections to Trainers is the ability to use this licence to advertise horses that the Trainer would like to syndicate, without contravening regulatory restrictions placed on advertising by State Racing Controlling Bodies. Trainer Connections has available a legally prepared Product Disclosure Statement (PDS) which is made available to its Trainers in order for them to go to the marketplace and publicly advertise shares in their horse. This service is provided free of charge to Trainers, saving them up to $3,000 in the cost of having a PDS prepared. In addition, Trainer Connections will work with the Trainer to sell shares, register the syndicate and ensure that the requirements of the Governing Racing Body in each State are adhered to. Trainer Connections can also manage the monthly financial affairs of the syndicate on the Trainer's behalf at no cost to the Trainer.
"Spendthrift is aware of the challenge to trainers when it comes to syndicating horses. It believes that this unique relationship with Trainer Connections is a way of giving back to those trainers who support Spendthrift stallions," said Garry Cuddy, General Manager of Spendthrift Australia.
"We are a company that strives to give back to our supporters where we can and this opportunity is something that is a step in the right direction."
For further information please contact Spendthrift Australia 03 5421 5600, Garry Cuddy 0410 451 595, Josh Rix 0411 116 648 or Greg Scott at Trainer Connections on 0416 246 111. Also visit the company website at www.trainerconnections.com.au to see the range of services offered.
