The Jockey Club Bond Attracts Investment

The Jockey Club, the largest commercial group in British horseracing, has announced it has already received applications for more than half the ambitious £15m target it set for its Racecourse Bond offer and urged potential investors to make their applications before the cash and racing rewards offer closes on Friday 17th May 2013.

In return for a five-year investment of between ?2,000 and ?100,000, The Jockey Club Racecourse Bond is offering annual cash returns of 4.75% gross interest paid quarterly, with a further 3% gross interest paid in racing rewards to redeem against purchases at The Jockey Club’s 15 racecourses, such as tickets, food, drink and discounts on annual memberships.

Those attracted solely by the 4.75% cash element can waive the racing rewards portion to avoid being taxed on that part of the offer, although The Jockey Club revealed the majority of applications to date have been for the full 7.75%.