China Racing Club

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.

Hmmm.  From this NYT article by Melissa Hoppert and Alexandra Stevenson.

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.”

 


One Comment on “China Racing Club”

  1. Anonymous says:

    Thank you for reading, Adegbola.http://customwriting18y.com/


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.