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
MPU

Free Bets & Offers


🔥 COMPLETELY FREE £5 BET ON THE BETFAIR EXCHANGE FOR THE FIGHTING FIFTH HURDLE 🔥
Max £5 Exchange free bet, valid on the ‘win’ market. Must have previously deposited by Credit/Debit Card or Apple Pay. T&Cs apply.
Claim Bonus
😍 Get up to £50 in Free Bets 😍
T&Cs: New users only. Min deposit £20. Place qualifying bets of £20 to £50 in first 7 days after deposit to unlock free bets. Free bet rewarded as 4 free bets that total the first deposit amount. Min odds 1/1 3+ legs & expire in 7 days. Winnings credited in cash. Full T&Cs apply
Claim Bonus
💥 BET £5 ON HORSE RACING & GET £30 IN FREE BETS! 💥
NEW CUSTOMER OFFER. FIRST SINGLE & E/W BET ONLY. ODDS OF 1/1 OR GREATER. 3 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 £50 in FREE ACCAS! ⚡️
New customer offers only, Min stake £10, min odds 2.0. Only deposits made using Credit/Debit Cards or ApplePay will qualify. Free bets are awarded after the qualifying bet has settled, valid for 30 days, must be used on multiples with 3+ legs. Max £50 in free bets. T&Cs apply.
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
🏆 £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
100% Matched Free Bet up to £10!
New UK customers only. £10 Min Deposit. 100% matched free bet on your first deposit of £10. 1 x wagering at odds of 1.75+ to unlock Free Bets. Debit Card & Paypal deposits only. This offer is valid for 7 days from your new account being registered. Full 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
🌟 Bet £5 & Get £30 in Bonuses 🌟
18+ New Customers only. Deposit, opt in and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Free Sports Bets, valid on set events only at odds 2.00 or greater, expires in 7 days.  Plus a £10 Game Show Bonus, selected games, wager 40x to withdraw a max of £250. PayPal and Card Payments only. Geographical Restrictions and T&Cs Apply. Please Gamble Responsibly.
Claim Bonus
When The Fun Stops. Stop.