Phoenix Thoroughbred Go Into Liquidation

🏆 £20 Risk Free First Bet - Money Back in CASH 🏆
New customers only, limited to one per person. If you’ve previously had a Paddy Power account, you will not qualify for the offer. Place your first bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £/€20. Only deposits made using Cards or Paypal will qualify for this promotion. T&Cs apply.
Claim Bonus

Owner of the well known flat racing Phoenix Thoroughbred group, Amer Abdulaziz Salman’s Phoenix Luxembourg Fund, which as said by its founder to be “the world’s first regulated thoroughbred fund”, has been placed into voluntary liquidation amidst the allegations of the owner stealing €100m to fund the project.

The 56 year old set up the ownership group back in 2017 and on many occasions has spoken about the fund being set up in Luxembourg so the operation can be as transparent as possible.

(Credit Racing Post) Speaking back in 2018 Abdulaziz said: "We've been working on the project for four years getting the structure and investors in place and we're going to be fully regulated by the authorities in Luxembourg within the next two to three weeks.

"We have fund managers to report back to, and transparency has to be 200 per cent being regulated in Luxembourg. We like the transparency."

Later on in that year he said: "Our legal structure is very unique. We're the only regulated [thoroughbred] fund worldwide, which for me is a huge achievement.

“To come up with a legal structure like that wasn't easy and took a lot of effort. We're unique and very proud of that."

The Phoenix Thoroughbred name has now been put in disrepute with it going into Liquidation and it being up in the air what is going to happen to the horses they own.

They have had some superb horses over the last few years with multiple Group One winner Advertise leading the way for the group along with second in the Dubai World Cup with Gronkowski.

(Credit Racing Post) A source with knowledge of the situation said: "This fund never got off the ground. It never did business and wasn’t approved for any assets.

"Imagine someone built a warehouse, hired a manager. That manager never showed up for work, nothing ever went into the warehouse or went out of the warehouse."

Abdulaziz was named in a US court this month by a witness in a huge money-laundering trial in regards to a cryptocurrency scam through the company OneCoin. 

The witness alleged Abdulaziz acted as a key money launderer for the operation before stealing €100 million from the scheme to fund his Phoenix Thoroughbred.

🏆 £20 Risk Free First Bet - Money Back in CASH 🏆
New customers only, limited to one per person. If you’ve previously had a Paddy Power account, you will not qualify for the offer. Place your first bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £/€20. Only deposits made using Cards or Paypal will qualify for this promotion. T&Cs apply.
Claim Bonus

Free Bets & Offers


😲 Bet £10 on the first race at Newmarket & get a £5 free bet for every other race! 😲
New customers only • £10 deposit using promo code • Minimum stake £10 at odds of 1/2 (1.5) • Free bets credited upon qualifying bet settlement and expire after 7 days • Free bet stakes not included in returns • Deposit balance is available for withdrawal at any time. withdrawal restrictions & full T&C’s apply
Claim Bonus
💥 BET £5 ON HORSE RACING & GET £30 IN FREE BETS! 💥
FIRST SINGLE & E/W BET ONLY. ODDS OF 1/1 OR GREATER. 2 X £10 BET TOKENS. FREE BET STAKES NOT INCLUDED IN RETURNS. FREE BETS ARE NON WITHDRAWABLE. NO FREE BET EXPIRY. ELIGIBILITY RESTRICTIONS. FURTHER T&CS APPLY. 18+. BEGAMBLEAWARE.ORG
Claim Bonus
📲 BET £10 GET £40 AT WILLIAM HILL 📲
New customers who register via mobile only, min £10/€10 stake, win only, min odds 1/2, free bets paid as 4x£10/€10 (30 day expiry), free bet/payment method, player/country restrictions apply
Claim Bonus
🏆 BET £20 & GET YOUR STAKE BACK AS CASH IF YOU LOSE! 🏆
New customers only. Minimum odds 1/5 (1.2). If you place a multiple at least one selection must meet the min odds requirement. Max £20 refund. Only deposits made using Cards or Applepay qualify. Qualifying bet must be placed and settled within 30 days of account opening. T&Cs apply.
Claim Bonus
🏆 £20 Risk Free First Bet - Money Back in CASH 🏆
New customers only, limited to one per person. If you’ve previously had a Paddy Power account, you will not qualify for the offer. Place your first bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £/€20. Only deposits made using Cards or Paypal will qualify for this promotion. T&Cs apply.
Claim Bonus
Get up to £30 in FREE BETS! ☑️
New UK & Ireland customers only. Min Deposit: £10. First deposit matched up to £30. 1 x wagering at odds of 1.75+ to unlock Free Bet. Debit Card & PayPal deposits only. Terms Apply
Claim Bonus
⚡️Get up to £100 in Bet Credits⚡️
New Customers only. Up to £100* in Bet Credits. Sign up, deposit £5* or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.
Claim Bonus
🟢 Money Back As Bonus Up To £40 If Your First Bet Loses + £10 Casino Bonus! 🟢
New customers only. 18+, BeGambleAware.org. Min deposit £10. Money back as bonus. Wagering requirements: Sportsbook 3x at min. odds of 1.40 (2/5), Casino 25x. Only one bonus can be used at a time, Sportsbook bonus must be wagered before using the Casino, unless the bonus has been forfeited. Bonus will expire after 7 days of opt-in.
Claim Bonus
When The Fun Stops. Stop.