Supermodel Kylie Bax Poros has set up a retirement fund for racehorses.
"Looking after these retired animals is very expensive and these horses deserve the very best care," Bax Poros said this week.
" People have made a lot of money from these horses and we can't let them be forgotten."
The KiwiSaver-style fund will allocate money for vet bills and feed to farms caring for retired champions.
Bax Poros, the New Zealand Racing Ambassador, and husband Spiros Poros set up the New Zealand Thoroughbred Retirement Foundation charity to run in conjunction with their new company Hermes Syndication. Hermes Syndication allows people to part own or lease shares in a horse.