What a shame Greg will not get to see his pet project fail ...
As they say if you cannot stand the heat get out of the Kitchen ....
Maybe the stupidity of forming a Syndicate and a breeding farm with Members funds contributed to his decision..

I here maybe the syndicate greed machine is getting shut down and there will be deregulation once again for all syndicates big and small common sense prevails hopefully .

EXTERNAL LINK

Who cares about George F he can say and do what he wants and didn't he pay overs for a heap of so called well bred pups for the syndicates ...

People getting paid consultancy fees for paying overs for mates pups ....

You work it out Boris and maybe go out to the tracks and speak to the OTB about these issues above .
Every person i have spoken too at Sandown and Cranbourne plus on the phone for many months all agree with me so Boris when u get your facts sorted fire away again but make sure your gun is loaded or else i will shoot you first ..lol

Sandown Greyhounds Racing Club (Sandown) and Spolly Syndications Pty Ltd (SSPL) had a vision to offer greyhound syndicates of the highest integrity and standards. ...LOL

There was nothing wrong with the syndicates and to show how stupid this is the horse racing industry just DEREGULATED there industry

Boris word of advice if you want to comment make sure you have all of your little ducks lined up before you shoot from the hip .....

Racing syndicates are financial products, that must meet the requirements of Corporations law if offered to the public. These requirements do not apply to private syndicates.

Horse racing syndicates (thoroughbred & harness) get concessional treatment via an ASIC 'instrument'. Greyhound syndicates don't. (The offer from ASIC was there over 5 years ago & not acted upon).

This means that public greyhound syndicators should meet all licensing & compliance requirements, with no concessions. The cost of all this is unjustifiable without volume.

Until Sandown initiated its syndicates, greyhound syndicates offered to the public did not comply with the Corporations Act. So what Sandown offered was something new, and directed at bringing in new people. It was not directed at eroding the existing syndicate base. Those that did go into the syndicates were provided with full knowledge of what they were getting into, including the risks, and pay a higher price.

Sandown also injected funds into the industry at a time when it was needed.

ASIC views greyhound syndicates as 'marginal' financial products, where most are private syndicates that are outside corporations law. For the other syndicates, ASIC takes the stance that there is limited publication and limited participants involved. As it doesn't have the resources to deal with every breach of corporate law, the practicality is that it won't devote resources to low level complaints, and expects breaches to be best left to civil action.

Sow hat all this means is that private syndicates proceed as normal. And those syndicates that commit technical breaches of Corporations law should also be able to proceed as normal, and not be affected by the Sandown direction or the risk of ASIC involvement.

Their bigger risk is that they do the wrong thing, and get a bad name in the industry. Overwhelmingly, the long-term syndicators do it well.

There are better ways to handle how public greyhound syndicates can operate without minor/technical breaches of Corporations law, but that is another subject.

Sandown also injected funds into the industry at a time when it was needed.

No Ross let me set your record straight
At no time did the GRV Sandown or Spollys engage with existing stake holders.
At no time did the GRV Sandown or Spollys engage with existing syndicates
Sandown engaged with Spollys so it could get its syndicate deals over the line and large amount of money was paid to Spollys from Sandown ..This is a FACT

When does a Club become a business that goes directly into competition with its own members spending millions of members money for a puppy breeding farm .

Even our own GOTBA support spollys and sandowns syndications ....Why is this so have some got vested interests ......No wonder membership is at a all time low and even you Ross had a stint on the GOBTA committee .

Ross why dont you speak to all of the present syndicate manager and ask them have these new syndicate rules affect their business because guess what Ross they have all been shafted by the GRV GOTBA and Sandown and spollys syndications .

Why didnt Sandown and the GRV inject funds back into our own breeding industry and reward breeders once again like the GOBIS once did .

To say Sandown and Spollys saved breeding in Victoria is bullshit Ross ..

If i am speaking shit ross then why are the syndicate managers and the GRV now in talks to deregulate syndications ....

As i said Ross ring around speak to the syndicate guys one on one .....

I will also add so many people our members in victoria feel they cannot speak out because of the reprisals that always follow....

I would love for a few syndicate managers to comment in this forum but i also understand they cannot and it's a shame when people feel this way because we all have the right to our say right or wrong wouldn't you agree Ross

Spolly's even said they don't keep a record of their pups that have race starts and to how many wins/placing etc they have with their dogs. Not very professional for an 'ASIC licensed company' to not even track the most important KPI of their business.

As Kevin said, this is why Horse racing will continue to thrive, while certain parts of the dogs will continue to be stagnate. Lets hope the talks to deregulate happen as i know of plenty of good syndicates out there that do a great job of not only attracting new buyers, but KEEPING them as they get good results.

I want to know what happens to all of the slow sandown and spolys Syndicate Dogs do they get special treatment for GAP placement or do they have to support their own GAP centre ...Who pays for the losses when no one is accountable ....

Greyhounds transition from a racing career to the life of a beautiful pet. I am sure you are aware of the relaxed and loyal nature of the breed.

Nominate the lot number, fill in the below application and you can be the owner of the greyhound you have chosen when he or she finishes their career.

Make your no obligation (we understand circumstances can change) application and once successful we will:
Engage your thoughts in determining the name of the racing greyhound. Syndicate owners will submit their preference. We will then seek your help in submitting the top 12 in preference order to Greyhounds Australasia for naming
Be our non-financial 21st Owner (20 by 5% syndicate owners) and receive all correspondence during your greyhounds pre and racing career
Invites to syndicate function and race days
Take home your greyhound once their racing days are over*

*This may be delayed a short time for a desensitization phase or a longer time if the greyhound is of an elite standard and considered for stud duties.

This ownership post career opportunity is also available to financial syndicate members.

Sandown Greyhounds Racing Club (Sandown) and Spolly Syndications Pty Ltd (SSPL) had a vision to offer greyhound syndicates of the highest integrity and standards. The general public can be assured that the syndicates will maintain high animal welfare standards, comply with applicable national greyhound licensing laws and the Corporations Act.

GSS considers, in accordance with policy of Greyhound Racing Victoria, that syndication has a critically important role in the future of our industry, supporting increased participation, introducing new owners to the sport.

As an authorised representative of Primary Securities, GSS provides syndication services to support racing clubs, syndicators, trainers, breeders and/or owners in promoting and managing greyhound syndicates in accordance with applicable laws, and with a view to maintaining high animal welfare standards and enhancing the greyhound industry.

GSS has entered into an agreement with Primary Securities Ltd (PSL) to act as responsible entity for a registered scheme to be operated by GSS. PSL holds Australian financial services license 224107 under which it is authorised to act as responsible entity for any financial asset registered managed investment scheme.

Greyhound syndicates are subject to the managed investment scheme rules of the Corporations Act 2001. As the Australian Securities and Investments Commission (ASIC) has not provided class order relief from these provisions for the promoters or managers of greyhound syndicates, GSS and PSL have devised a compliance solution for greyhound syndicate promoters and managers by investors being in a multi-class financial assets trust, with each class investing (via Primary Securities) in a separate greyhound syndicate.

Clarifying points made
1. At no time did the GRV Sandown or Spollys engage with existing stake holders.
- I never stated it did.

2. At no time did the GRV Sandown or Spollys engage with existing syndicates
- I never said it did.

3. Sandown engaged with Spollys so it could get its syndicate deals over the line and large amount of money was paid to Spollys from Sandown
- Sandown probably engaged with Spolly's because they sponsored clubs. However, it is incorrect to state Sandown paid Spolly's anything - it hasn't.

4. even you Ross had a stint on the GOBTA committee .
- Yes, this does reflect my willingness to support participants via GOTBA, and did fill in the vacant Treasurer's role at the time. Though not sure of any relevance to the topic.

5. To say Sandown and Spollys saved breeding in Victoria is bullshit Ross
- I didn't say it did, nor do I think it did.

6. why are the syndicate managers and the GRV now in talks to deregulate syndications
- Progress is via GRV submissions to ASIC. I was at the syndication workshop run by GRV, where 4 syndicators were present. Syndicators and I have contact with GRV on syndications progress, and I have kept in contact with several syndicators since.
Those who went to the workshop know that they can operate as before, as GRV did provide that assurance. GRV also stated its enforcement scope was ensuring syndicates operate to the Rules. I have advised those that didn't attend of the GRV stance that was presented at the workshop.

There is a clear distinction between Sandown syndications (via the Draft Teams) and the Spolly's syndications. The common denominator is that syndicates for both operate under the same Authorised Representative for Prime Securities.

A far bigger issue for the industry is the apparent inability of regulators to effectively manage an industry, and flow on effects such as lack of dogs and participant returns that have not kept pace with cost increases.

As a Sandown member, I am comfortable that Sandown has invested in the industry. Someone had to, as GRV have not similarly encouraged or supported private investment, or training facilities.

That said, I do support syndicators who have compliance questions, and am considering a option to overcome any possible crackdown on their operations.

I view the Sandown approach and existing syndicators approach as different, and believe both can co-exist.

Whether it is a financial success is another matter, as is whether there is any conflict of interest in clubs running such syndicates where the dogs then race at their track. But ultimately such decisions are for the club Board & GRV.

Getting back to the topic, Greg Miller has shown commercial vision and aptitude in developing the syndications direction, and if those skills operated at industry level, the industry wouldn't have the problems it now has.

Ross you are WRONG Spollys was payed money from Sandown plus Spollys gets a free run at all Tracks advertising Spolly SPAM ...

You seem to think Syndicates can operate as usual and you are in talks with Syndicate Managers ...
Well ROSS we must be talking to two different groups then .

I think your full of Shit Ross and your defending of Miller and Spolly shows me you are not in any talks with Syndicate Managers ...

How many AGREE'S have your posts got so far Ross

Page 53 GRV 2018/2019 Annual Report.
"(2) Sandown Greyhound racing Club (SGRC)
In 2019 the GRV Board reviewed and approved a
loan application from the Sandown GRC for the purchase
of a property in Toongabbie, Victoria for the purposes
of developing a greyhound rearing, education and rehoming
facility. The initial $0.65m loan was advanced in
accordance with GRVs innovation grants & loans
application requirements with the balance to be finalised
in 2020 at which time the loan will be discounted having
regard to the likely repayment terms."

Copied from Gringo on AGF.
I doubt the Sandown rearing farm will ever come to fruition, if ever they solve the problems with the proposal it would be at least 3 years after that in the setting up of the property.

It is just another white elephant that GRV are using to deflect scrutiny away from the real day to day issues of greyhound racing, especially the problems caused by the shortage of racing stock.

I have visited the property and walked all over it, it is surrounded by small 5/20 acre holdings all of whom would be objecting to the noise and odour of hundreds of pups next door.
It is also flood prone land which means drainage alone would cost close to a million dollars.
It is also devoid of any trees, I would estimate a minimum 10/15 thousand trees would be needed to be planted, a conservative cost would be half a million dollars.

IF they can overcome those problems then they would have to build the complex to COP standards, conservative cost around a million dollars.
Then they have to consider staffing the venue, minimum a manager, six workers and a full time veterinarian, wages of close to a million dollars annually.
Then there is the equipment needed to maintain the property, cost of about half a million dollars.

How could they justify spending a minimum of 3 million dollars with the uncertainty surrounding the sport today??

If they do put on races just for their dogs, it will be a weaker class than T3 in Vic haha

Sam they will get a few quick ones and as you can see they are paying overs for all pups they have purchased so far ...

The Sandown Puppy Mill will be something i will follow with great interest ...

I see Spollys had there wings clipped so at least i cannot see any more free money or advertisement going there way in fact they wont be around in a few years time once everyone wakes up to there present activitys ..

Sandown and Greg Miller will go down as the greatest con job ever in the history of Greyhound racing ....

Let Sandown waste its members money and if they think they can breed instant success then someone please tell Greg he is dreaming

..I will also be interested to see how many of Sandown Puppy Mill pups will make it to Gap compared to winners on the Track ...%

PS
I will never support Sandown or Greg Miller and i think everyone has been brainwashed to think this is the best thing for the INDUSTRY ....

The best thing for the industry is to bring back GOBIS or some form of GOBIS ....We need to support and keep supporting the grass roots OTB...

I also want to wish the GRV integrity unit a very Merry xmas as well ..
and i hope you guys get your act together in 2020 because 2019 was a complete waste of money ever in the history of the GRV .....Millions spent fighting crime but in fact it was millions spent on nothing as nothing was achieved and nothing ever will be achieved when you have Monkeys running the show IMO ....I hope you all got a nice big bag of Peanuts for your XMas bonus ....