investment

The Hong Kong Jockey Club (HKJC) plans to invest HK$140 million in an attempt to significantly lower the cost of ownership in the jurisdiction, the organisation announced on Thursday. In 2024/25, the basic monthly livery fee for horses in training will be cut by 22%, from HK$38,200 (around €4,544) to HK$30,000 (€3,568), which translates to an annualised reduction of HK$98,400 (€11,704) per horse. In addition, during the first four months after the arrival of a new horse import, the basic monthly livery fee will be further reduced by HK$5,000 to...

If you are someone who always had the dream of owning a Thoroughbred racehorse and have room on your wall for a few coveted winner's circle photos, there are some important things to consider in order to maximize your experience and avoid some of the pratfalls that can leave a new owner's confidence crippled. As the Executive Director of the Minnesota Racehorse Engagement Project from 2019-2022, I was able to direct over 300 first time owners into Thoroughbred racehorse ownership. The secret sauce in making this happen was providing a...

Equine MediRecord has closed an investment with the Chicago-based private equity firm Merit Holdings for an undisclosed eight-figure amount to drive adoption of its equine welfare and anti-doping platform in Europe, North America and the Middle East, the company announced early Thursday morning. A plan is also in the works to expand the equine technology company's growth and operations team. The investment comes from Merit Holdings through their Inova Group Holdings platform, which also previously acquired Business Infusions, the largest equine veterinary software group in the world. "It's great to...