Jaques i thought i would reply here. To answer your question we don't have anything at that rate. Also our business model is like the UK model .
Here is an example.
Lady Abigail
Her Contract runs from the 1st June 2017 until the 31st May 2019 ALL Inclusive
So everyone buys in for the same amount at 1 1/12th shares and paid in ADVANCE for the 2 year period.
Now if you wanted into Lady Abigail now you would buy in for about R35k which includes everything until the 31st May 2019
BUT
She has already earned about R80k so you are already entitled to your portion of that amount.
So if you took 1 12th you would pay out R35k (I'm guessing as i don't have the figures here) but already getting back R6 666 on the 31st May. SO effectively buying in for about R29k
hope that explains things.
If someone can't afford to pay up front for the 2 years then they should not be in racing and also that really cuts down on our overhead costs as we don't have to trace payments every month.
The following user(s) said Thank You: mr hawaii, kt6747
