Australia

Living Legends are rewarded with a share of Alligator Blood to overturn the Spring Carnival Ban

The owners of Alligator Blood are giving Living Legends, home of retired champion racehorses, a cut of Group 1 winners in an effort to fend off a ban on star racing in Victoria.

News Corp broke an exclusive Thursday that Racing Victoria (RV) has banned alligator blood from racing.

Although Endless is a 60% majority owner of Alligator Blood, the RV has left the door open for horses in which Endless has a minority stake to race at Victoria, subject to stewards approval.

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News Corp reveals that Endresz has offered RV to gift 15% of Alligator Blood to Victoria’s Living Legend.

This means Endless only has a 45% share of Alligator Blood, which could pave the way for him to race in the spring, but that would require approval from integrity officials.

Endless requested a response from Racing Victoria by 5pm on Sunday, or else his horse is still working towards getting ready for the Group 1 Victorian Spring target. He said he would take legal action.

In a letter from Endresz to Racing Victoria obtained by News Corp, the owner wrote:

“The ownership structure for the new ‘Alligator Blood’ agreed by Racing Victoria consists of:

“1. Robin Simpson (20%) (no change to her existing holding); 2. Jeff Simpson (20%) (no change to his existing holding); 3. Living Legends (VIC) ( 15%) (presented as trustee by Allan Endresz); 4. Allan Endresz (45%) as trustee (diluted to minority shareholders).

“This proposal offers Racing Victoria a reasonable and sensible alternative to allowing ‘Alligator Blood’ to be performed during the Spring Carnival. letter.

‘Living Legends’ will receive 15% free interest on ‘Alligator Blood’ and retain unsecured rights, title and interest in Alligator Blood.

“Living Legends CEO Andrew Clarke has confirmed that this arrangement has been approved by his board of directors (Racing Victoria has approved the new ownership structure and will immediately remove the racing restrictions imposed on Alligator Blood. ) Financial and media boost to living legends.

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“It was agreed years ago that Alligator Blood would eventually retire to Living Legends and this reorganization presents a great opportunity for Racing Victoria and racing enthusiasts.

“Time is of the essence and in order to maintain the scheduled Alligator Blood race programme, this proposal remains open for consideration by the Stewards until 5pm on Sunday 7th August 2022. We are pleased to inform you.”

Meanwhile, News Corp has confirmed that Racing Queensland has no plans to ban racing in Sunshine State, famous for Alligator Blood winning the Group 1 Stradbroke Handicap over the winter.

Queensland takes a different stance from the major racing states and alligator blood is banned from racing in both Victoria and NSW.

Doors opened for Alligator Blood to compete in the Gold Coast Magic Millions Carnival for the rich in January, winning the 3YO Guineas in 2020 before being disqualified.

Alligator Blood’s co-trainer Adrian Vott praised Queensland’s lack of plans to ban major horse racing as “great news”.

Alligator Blood gave co-trainer Guy Waterhouse his first Stradbroke win and his 150th Group 1 win earlier this year.

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Endless’s wife – the terminally ill Joy – was on death’s door when Alligator Blood defeated Stradbroke.

International campaigns in Japan or Hong Kong may still be on the cards for Alligator Blood later this year.

first published as Alligator Blood Owner Offers Racing Victoria So Stradbroke Winner Can Participate In Spring Carnival

Living Legends are rewarded with a share of Alligator Blood to overturn the Spring Carnival Ban

Source link Living Legends are rewarded with a share of Alligator Blood to overturn the Spring Carnival Ban

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