Phoenix Thoroughbreds To Leave UK Racing

[Wandering Eyes]

Phoenix Thoroughbreds has announced that it will end its racing operations in the UK with immediate effect.

Phoenix Thoroughbreds has been embroiled in controversy since last November when its chief executive officer Amer Abdulaziz Salman was named in a U.S. federal court trial as being involved in a money-laundering operation. Abdulaziz was also accused of stealing money from sham cryptocurrency OneCoin, which he purportedly helped to run. Abdulaziz has repeatedly denied the allegations.

Of Phoenix’s decision to leave British racing, Abdulaziz Salman said in a statement on Tuesday, “It is with a heavy heart that Phoenix Thoroughbreds will no longer have our racing operations in the UK. We have very much enjoyed working with our excellent partners in that market and seeing our colours race at Ascot, Newmarket and further afield has been a dream come true for myself and everyone here at Phoenix Thoroughbreds. We have invested large amounts into the industry in the UK helping to employ hundreds of staff both directly and indirectly.

“This has not been a decision we have taken lightly. However, for the growth and well being of our business and our partners internationally, we have taken the decision to leave the UK for the foreseeable future. It saddens me greatly to have to do this but at this juncture we believe it is necessary. We would like to thank everyone who has helped us achieve our dreams so far.”

Phoenix’s best runners in the UK have included the triple Group 1-winning sprinter Advertise (GB) (Showcasing {GB}) and the 2018 G2 Queen Mary S. and G2 Prix Robert Papin winner Signora Cabello (Ire) (Camacho {GB}).

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