Phoenix Thoroughbreds are to withdraw from racing in the UK with immediate effect after the Dubai-based ownership group have been in the headlines over the last 12 months due to allegations of stealing within the organisation.
The well know group have had huge success in the racing industry all over the world, but in the UK specifically there best day have come with the likes of Signora Cabello and Advertise with Royal Ascot winners to their name.
Since the ownership team was made in 2017 they have given horses to 11 different trainers but now for all figures residing in the United Kingdom their horses will have to be sold before being able to race again with Phoenix Thoroughbreds disbanding its operations across Britain.
The owners will still keep operations going n other jurisdictions around the world, with the likes of Gronkowski and other horses similar to him being in the USA and Dubai.
(Credit ATR) In a statement, founder Amer Abdulaziz said: “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.”