backBlood-ex.com set to give owners new exchange website
Tuesday, June 17, 2008
An online ownership exchange is being launched by Re-offer.com, the bloodstock trading company started by racehorse owner Valentine Feerick. Blood-ex.com will allow the buying and selling of shares in horses listed on the site.
“The purpose of Blood-ex is to widen the appeal and accessibility of racehorse ownership globally,” the business owners said yesterday. “In addition, the service will allow owners to partially liquidate a portion of their ownership of a racehorse at any stage in its racing career.
“Blood-ex will make it easier for owners to invest further in racing by enabling them to free up capital presently locked into horses which they are already racing.
Previously, some owners have felt constrained by a need to sell a horse before acquiring another, and Blood-ex believes that this may be causing some owners to avoid any participation in the early yearling sales which take place annually.”
The exchange will operate a simulation trial period using Royal Ascot entries this week. The full launch is expected later this summer.