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Alligator Blood

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Afros View Drop Down

Joined: 14 Jan 2009
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Afros Quote  Post ReplyReply Direct Link To This Post Posted: 05 Aug 2022 at 5:16am
Japan Cup? Surely they're either taking, or on, the piss?
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djebel View Drop Down

Joined: 07 Mar 2007
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Post Options Post Options   Thanks (1) Thanks(1)   Quote djebel Quote  Post ReplyReply Direct Link To This Post Posted: 05 Aug 2022 at 11:32am

Ryan Reynolds

Owner Allan Endresz says he is prepared to gift Living Legends a share in G1 winner Alligator Blood in a bid to allow the star to compete in Victoria this spring.

It comes after Alligator Blood, and horses Endresz owns the majority share in, were banned from racing in Victoria due to his status as an undischarged bankrupt.

Horses based in Victoria that Endresz is a minority shareholder in are allowed to continue racing.

In a letter penned to Racing Victoria, Endresz said he was prepared to dilute his 60 per cent share in Alligator Blood down to 45 per cent and give the 15 per cent to Living Legends.

He argues that doing that dilutes his share enough to meet the requirements set by Racing Victoria in regards to minority ownership.

Endresz said he had given Racing Victoria until Sunday afternoon to respond to his letter.

Alligator Blood was set to be retired to Living Legends post his racing career and represented the organization as the charity he ran for in the Golden Eagle .

"We had a negotiation last night and they (Living Legends) are off their tree (with excitement)," Endresz said.

"It meets all the requirements, so we will see what happens. I guess we will find out on Sunday."

He was likely to resume in the Memsie Stakes at the end of August with his grand final coming in the Cox Plate.

Endresz confirmed the current ownership would continue to pay all training fees for Alligator Blood, but Living Legends would get 15 per cent of the prize money won.

"It's a complete gift. It's 15 per cent free carry so we are wearing all the costs," he said.

"They walk away with the money, which is quite significant if he can pull of a few of those big wins."

Living Legends CEO Dr Andrew Clarke confirmed he had reached an ownership deal with Endresz.

"When Allan rang me about this opportunity, we were very keen," he said.

"The plan was always for him to come here, now if he can go and race for us and we get 15 per cent ... we couldn't be happier."

Dr Clarke stressed that no money donated to Living Legends would be used on paying bills to race Alligator Blood.

reductio ad absurdum

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