Despite its name membership of the Club is open to anyone and everyone, not simply to the partners and staff of Grant Thornton, the fifth largest firm of chartered accountants in the UK. The Club, formerly named ONEWAY RSM Racing Club, has been a great success since it was established in December 2006 thanks to the efforts of Bold Diktator, one of the horses which ran in the Club's colours. Boldie won four races for the Club and those members who joined when the Club was formed have each earned sufficient prize money to cover the once only joining fee of £500.
ONEWAY and RSM Robson Rhodes launched the Racing Club on 1 December 2006. Following the merger of RSM Robson Rhodes with Grant Thornton the Club was renamed on 1 December 2007. Membership of the Club is open to anyone and everyone.
ONEWAY guarantees two horses in training and, when the Club reaches 100 members, another horse will be purchased for the Club. An additional horse will be added for every 50 new members that join.
To join the Grant Thornton Racing Club costs £500. This is a one off payment as a joining fee. Members can join at any time of the year and prize money will be shared equally amongst members for each 12 month period. There will also be a monthly charge, payable by standing order, of £40 which will enable the Club to purchase new horses with the arrival of new members.
If you are a member of the Club and you recommend a friend to join in the fun, then the Club will reimburse you that month’s £40 monthly subscription. By introducing a new member every month you could enjoy all the fun for just £500 in the first year and, in doing so, help to add more horses to the Club.
Grant Thornton, chartered accountants, has very kindly agreed to sponsor the Club’s horses. Grant Thornton pays the Club a sponsorship fee each time the Club has a runner with an additional payment for placed horses and for winners. Sponsorship fees earned are added to prize-money for distribution to members.
The Club’s horses are owned by ONEWAY and are registered in the name of Tom and Bill Dascombe. All profits or losses arising on the disposal of the Club’s horses are for the account of ONEWAY which will ensure that the Club has the benefit of at least two horses during a 12 month period. Horses will run in the name of Grant Thornton Racing Club and will carry the red, white and blue colours of ONEWAY.
A person becomes a Club member on payment of a joining fee of £500 and the completion of a standing order mandate for £40 per month, (both possibly subject to VAT at a later date), starting in the month of joining. A membership certificate will be issued.
A referral fee of £40 will be paid to any member who successfully introduces a new member at any time.
To be paid a share in any prize money or sponsorship fees a member must have completed a year’s membership of the Club (from the date they joined) and paid the joining fee and 12 months subscriptions. The member will share in the prize money and sponsorship fees earned by the Club between those two dates on a pro-rata basis. For example suppose there are 20 members in December, 30 in January, 40 in February and 50 in each month thereafter. A member who joined by 1 December 2006 would be entitled to a share of prize money and sponsorship fee in the year to 30 November 2007 of 1/20th of December 2006 monies, 1/30th of January’s, 1/40th of February’s etc. etc. A member shares in prize money earned from the first day of the month following that in which he or she joins.
The monthly newsletter will be distributed by email only and will show the number of members at the beginning of each month.
The Grant Thornton Racing Club's horses are sponsored by:
Folly Road, Lambourn, Hungerford, Berkshire
RG17 8QE
tel: +44 (0)1488 71839
mob: +44 (0)7973 511664
email:
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