Layezy Racing.

The mail have devoted the back 3 pages to your club today,interesting stuff,i'd never heard of them presumably laying is a big part of the operation going by the name?

Whats all this about ? Never heard of them, they a new bookmaker or something ?

Always makes me laugh when someone who hardly ever posts suddenly turns up to answer within minutes.

Just googled it!

If true about the 7K, very lucky, chances of seeing your 28K when the police, gambling commission, fsa and BHA get involved = zilch.

lkjhgfdsazxcvbnm 22 Jan 19 11:14 Joined: 05 Jul 04 | Topic/replies: 59 | Blogger: lkjhgfdsazxcvbnm's blog
layezy  ltd  site  have  a look  on  there  site     1  losing  month  in  4 years  94per cent  last  year

You may be getting told these figures but there appears to be no physical proof, and the industry reports suggest the company has lost a lot of money with bookmakers. The papers have got involved for one reason and one reason only, clearly members have been contacting them telling them they are requesting withdrawals and not getting paid, otherwise anyone making  such vast profits would hardly be asking newspapers to investigate!

https://www.dailymail.co.uk/sport/sportsnews/article-6616833/Ex-policeman-suspected-using-syndicate-money-spend-2m-23-horses.html


  Not for me Thanks. !!

An ex policeman too.

lkjhgfdsazxcvbnm
Date Joined:    05 Jul 04
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22 Jan 19 11:08 Joined: 05 Jul 04 | Topic/replies: 60 | Blogger: lkjhgfdsazxcvbnm's blog
lambs  slaughter   put  £5000  in  4  years  ago  up   to   £35000  took  £7000  out  2 weeks ago   please  slaughter  me  more  please

You withdraw 7000 2 weeks ago? they have a 14 days withdrawal policy, I hope you've been paid the 7K, as if you haven't chances of you seeing it after this morning is zilch.

Do you not wish to comment on the Daily Mail story, ribero1 or lkjhgfdsazxcvbnm    ?

The 1119 post and the 1121 post.

94 percent strike rate where have they been all my life can I join please

Think that lkdghfdsaxxx etc may well be Mike Stanley the owner of the above scam.

lol   i  wish  some  one  would put  statement  out  saying  why  this  has come  about    most  memebers  no   whos  started this

I have similar thoughts to you Mike! The reason he's not posted since this morning is probably due to a knock on the door!

One recent purchase, Rookie Trainer, cost £70,000 from the Cheltenham sale in mid December. To which you have to add 6% commission and 20% VAT and probably 5% for the agent that bought it as well.

To keep that many horses in training, you're looking at half a millon quid per annum.

Where is the Organisation registered address.? Where do members send their subscriptions ?
UK ,Venezuela , P0 Box No.

I think i might understand whats going on here ,a deduction as such -  and tbh i dont think  it is a solitary model that only he is adopting nationwide - but i think he might be doing it on such a big scale that its ruffled a few feathers.

I've been following this Racing club for a while and ive had a suspicion that he is shaking up the business model with how a Racing Club's members gets returns and how its assets increase - and if im right the BHA and bookmakers wont like it.

If he is doing what i think he is doing then i see it as an extension of where racing should be heading so more people get into racing , yards can grow , and syndicates are betting on their assets or other betting opportunities  - its just at this moment in time our betting industry isn't quite ready for it as the Tote isn't where it needs to be i.e we need massive pools betting for it to work - bookmakers would most likely lose long term if big owners were to apply this model...especially a club.

Imagine today you starting up a racing club  and its business model was top buy horses and to create a betting syndicate ....with an aim  to bet on horses and to acquire returns for club members , just like a hedge fund or investment portfolio - say for example you as a member pay £3000 per annum - and that annual membership fee is split between a betting fund and buying/keeping horses i.e stock - I think what he might have been doing is instead of the traditional model, where connections and trainers bet on their own stock for their own individual reward ( like what most happens today ) , is that he tried to take that model to another level of betting on behalf of the racing club's members to almost guarantee returns..... and as part of those returns a percentage of those returns goes back into buying horses.

Maybe  some disgruntled members dont quite understand the model or have had a fall out and has decided to go public with the clubs less than traditional model  ...who knows , or maybe the club is under attack by the BHA and bookmakers as they would see this model as not fitting in with how owners of racehorses are supposed to at within their industry. 

If he is doing this then they might shut him down under Schedule 6  - think he could have several difficulties with the interpretation and applying of "syndicates rules" by the BHA - like i say i think he is doing good things if this is what it turns out to be  ..he would be  effectively taking from the bookmaker pouring it back into the industry , at the same time they buying horses within a club and spread the returns to its members and boosting numbers in small yards.


Schedule 6 - Syndicate Code of Conduct
1.1. In accordance with Rule 73E, this Code of Conduct applies to all ownership arrangements registered as a Syndicate where

1.1.1 the arrangement is managed, administered or promoted by a Syndicator who receives payment, in relation to their role, and/or

1.1.2. the method(s) of attracting participation in the arrangement include invitations to the public, whether by way of advertisement or otherwise.

1.2. The Syndicator must ensure that at the time of commencement of the Syndicate and throughout its duration, there is a written contract between the Syndicator and the participants which addresses and identifies, but may not be limited to, the following matters:-

1.2.1. The express acknowledgement from the participant/s that membership of the Syndicate may not necessarily provide a financial return;

1.2.2. The intended duration of the Syndicate, the mechanism for its termination and the methods and conditions (if any) by which participants may leave the Syndicate other than on final termination; underground betting syndicate , good luck !

1.2.3. Whether the horse(s) is wholly owned by the participants or whether the horse is subject to a lease or other arrangement;

1.2.4. The number of horses involved in the Syndicate, the proportionate interest in the Syndicate of each participant and their rights of (or lack of) to sell, lease, transfer or assign their share/s;

1.2.5. The cost of participation for each participant and whether such cost is fixed or susceptible to alteration; - i imagine this betting syndicate isn't recorded

1.2.6. The details and/or means of calculating and paying any remuneration to be received by the Syndicator and any third parties; good luck !

1.2.7. A full financial statement for the Syndicate and the process by which any financial surplus or deficit will be credited or charged to the participants in the Syndicate; Good luck !

1.2.8. The time at which and procedure by which the statement(s) of the Syndicate's costs recovered and expenditure will be presented to the participants. Such statement(s) shall be exclusive or inclusive of VAT as appropriate depending upon the VAT status of the Syndicate;

1.2.9. Whether and in respect of which risks the horse(s) will be insured and whether the participants of the Syndicate are the beneficiaries;

1.2.10. Whether the horse(s) will be initially trained by a named trainer; and

1.2.11. The process by which the Syndicate makes any decisions relating to the management, training, and time and method of sale of the horse(s).

1.3. This Code of Conduct does not purport to dictate the terms of the matters set out at Paragraph 1.2, only that they are matters that are to be agreed at the outset of a Syndicate. Each contract between the Syndicator and the participants in that Syndicate must contain materially identical terms on the matters set out in Paragraph 1.2. Cant see how he can provide this i.e a contract

1.4. Each participant in the Syndicate should be aware that they are bound by the Rules of Racing. Particular attention should be drawn to those Rules [b]prohibiting the sharing of Inside Information (Rule (A)36) and prohibiting the Lay Betting of owned horses (Rule 92).[/b] how could he control members of a betting syndicate - very sticky area of a syndicate this size.

Note:
In all cases it is the responsibility of the participant in the Syndicate on complaint of a failure to comply with this Code of Conduct to provide to the Authority the evidence which the Authority considers necessary to support that allegation.

RozelKid seems very well informed in these matters.

the current address for them is a self storage depot, the old address was for a little place on a new housing estate, they sound really legit i'd like to send some money