Become A Shareholder of West Meadows Raceway Inc.Shares in the corporation are being sold in unlimited increments of $1,000 per share. In order to remain a private corporation, we are limited to only 50 shareholders. This is one of the most crucial areas of the project and where West Meadows Raceway is in need of the most help.
While still looking for private investors, this is not being promoted as a grand money-making venture. Investors in West Meadows Raceway are in it for their interest in harness racing and for being an integral part of something bigger. If you or someone you know would like to join the other shareholders in a great cause to help support the future of harness racing please feel free to forward the share subscription form(link to PDF Form) and cheque.
Shares will have value. West Meadows has a plan that is sustainable and, after getting established, one that will show profit. While most profit in the early years will be re-invested back into the racetrack, shareholders can expect to see dividend payments and share in any growth from future expansion (may be potential in the future for simulcasting and/or other gaming). There is a renewed optimism with the new Saskatchewan Government that there may one day be additional gaming support.
Existing capital is mostly comprised of funds raised by shareholders, but grant applications are being sent to various agencies and the SSHA has approved a $50,000 interest free loan to WMR. Annual revenues will include stall rent, operating grants from SLGA (which range from $5,200 - $7,000 per day of racing), facility grants and corporate sponsorship. Any other persons or corporations wishing to participate with sponsorship are encouraged to contact Jane Grainger for more information.
