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HKJC Brings Back Subscription Griffin Plan
Meanwhile the Hong Kong Jockey Club "is substantially increasing the number of yearlings purchased, with 16 bought for A$3.2 million at the Magic Millions sale ahead of its plan to bring back the Subscription Griffin concept," reported thoroughbredinternet.com. The club traditionally purchases about 20 yearlings in each hemisphere annually to offer at its December Ready-To-Run sale; however horses for the revamped Subscription Griffin scheme "will be sourced exclusively from NZ & Australia". HKJC executive director Winfried Engelbrecht-Bresges confirmed: "The new system will be operated as a break-even activity for the Club, with racehorse purchases coming from yearling sales in Australia & NZ. These countries traditionally supply the majority of winners in HK. It further enables members, who prefer to have a budget for a horse at around the HK$1.2 million (A$200,000) level, to have access to quality horses fit for racing in HK at a set price."