Seems like China Horse Club has off loaded some Justify risk on a well known financial personage:
Quote:
The New York Times reported Thursday[6/7/2018] that Soros Fund Management is the owner of SF Bloodstock and SF Racing Group, an international breeding and racing operation that was founded by the firm in 2008. Executives from Soros's investment firm oversee the operation.
Most recently, the firm has attracted unwanted media attention because of its 15% stake in breeding rights for the racing horse Justify...
Shortly after Justify won the Preakness, speculation swirled about a $60 million deal for his breeding rights involving American breeder Coolmore. However,some of Justify's owners have said any deal may need to wait until September, when the owners will face less onerous capital gains tax requirements.
Through SF Racing and SF Bloodstock, Soros owns a vast collection of breeding and racing properties on several continents.
Excerpts from:
https://www.zerohedge.com/news/2018-...rown-contender
|
