China Racing ClubPosted: June 11, 2018
Was wondering why Justify / Mike Smith’s silks looked like the Chinese flag. Turns out the horse is part owned by China Horse Club.
The China Horse Club has about 200 members, according to its vice president, Eden Harrington. Membership costs a minimum of $1 million, according to some reports, but Mr. Harrington said the club offered different tiers of investment and that the fee was a credit that went toward the purchase of horses. He declined to give a range, and the club does not disclose the identities of members, who include wealthy citizens from China’s mainland and beyond.
Mr. Harrington said the club kept its membership private to shield members from potential public scrutiny amid a Chinese government led anti-corruption campaign which has “created a culture of fear where people didn’t want to be seen to be spending money in a way that may be seen as excessive.”