When Justify heads to the post for the Belmont Stakes on Saturday, one person with a keen interest in the results will probably not be watching from the stands, according to the New York Times. The Times published a detailed look Thursday at George Soros, the billionaire investor behind SF Bloodstock. SF Bloodstock is thought to have bought into the colt as part of a three-year partnership with WinStar and China Horse Club to purchase horses at yearling and 2-year-old sales beginning in 2015. The entity sold the racing rights to Head of Plains Partners and Starlight Racing, but retained breeding rights.
Soros first became known in the investment world in 1992, when he allegedly made $1 billion by shorting the British pound. Soros went on to become a hedge fund manager, but has since retired an invests on behalf of his family. He is also part owner of Newgate Farm in Australia, and has breeding horses scattered all over the world.
Soros remains secretive about his involvement with horses, and the Times reported several top bloodstock investors declined to comment about the billionaire and his activities.
A stud deal with Coolmore detailed by the Times and ESPN in May allegedly stipulates Justify's owners will receive a bonus of up to $25 million if he sweeps the Triple Crown. WinStar's Elliott Walden denied a stud deal is in place. The Times points out if the owners wait until September to finalize a deal, they will be eligible for lower taxes under capital gains guidelines.
Read more at the New York Times
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