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Stocks And Studs: When Thoroughbreds And Investment Funds Mix

When revelations broke in late November that Phoenix Thoroughbreds, the big-spending new ownership group of mysterious origins, had been named in a money laundering case in New York, the racing world was abuzz. According to sales records, Phoenix has spent tens of millions of dollars in bloodstock over the past three years. Its website states […]

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‘We Are On The Edge Of The Cliff’: B. Wayne Hughes Joins WHOA

B. Wayne Hughes becomes the latest industry leader to join the Water Hay Oats Alliance (WHOA) in support of the Horseracing Integrity Act (HR1754/S1820). Passage of the bill would create a uniform standard for drug rules and testing through a national program overseen by the U.S. Anti-Doping Agency (USADA), a private, non-governmental entity. “I wholeheartedly […]

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