In the past there have been racing syndicate clubs, many were **********.
Some legal above board, but since new legislation many of the good syndicate clubs have not appeared as much as they used to.
What is required these days to form syndicate clubs, let's say where one needs to raise 25K. What are the legals these days, how would it be structred, how would you like to see a proper and legal syndicate club operate? Is it possible?
Anyone can post, this is not a call out for members in another syndicate club. Just an idea base and to refresh from what it was to what is legaly allowed with the current laws of the land.
I did make an enquiry, and hear-say or rumour say's one needs to have substantial funds first, before they can collect funds for investment into horse racing bets via a syndicate.
Is this true?