Quote ="stouffer"Knowing absolutely nothing about such things, would selling 67 horses raise enough cash to fund, say, a second-rate rugby league team for a couple of years? Or can a horse be repossessed if, say, trainers fees aren't paid?'"
From what I've been told from people who are very well connected in horse racing, a lot of the horses weren't actually his to sell.
There's nothing unusual in that though, as it is common in horse racing for the bloodstock agent/breeding stud to retain ultimate ownership of the horse and lease it out to the person who's colours it runs in and they are named as the "owner" on racecards etc.
So I suspect it's been a case of cancelling the leases rather than selling to raise capital.
