As Justify and Audible prepare to go to the post for the Kentucky Derby, the New York Times wrote Friday that questions remain about the identity and operations of China Horse Club, co-owner in both horses.
The organization, which claims about 200 members, has been secretive about the identity of its members and the investment involved out of concern it could generate unwelcome interest from the Chinese government. St. Lucia prime minister Allen Chastanet said he has never met any of its members besides leader Teo Ah Khing.
China Horse Club has climbed the ranks to become one of the top ten owners in the world in just five years.
Part of the company's long-term plan includes a racing facility in China and a resort racino in St. Lucia. Wagering is illegal in China and infrastructure in both countries to support a horse population is seriously lacking.
One thing St. Lucia does boast is a citizenship-by-investment program allowing wealthy investors to acquire passports in exchange for investment in St. Lucia's economy.
The Times also notes the group, which is promoted both as an investment opportunity and a social club, runs through a “complicated network of companies that are registered in Hong Kong, China, Singapore and the Cayman Islands.”
Read more at the New York Times
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