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Phoenix Thoroughbreds-gone! |
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Glencoe
Champion Joined: 19 Jun 2011 Location: Mt. Gambier S.A Status: Offline Points: 1942 |
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Posted: 23 Apr 2021 at 10:35pm |
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If anyone would like to connect interesting names then google the following words: Tong Fung Queensland casino.
Up comes an AFReview article by Mark Ludlum from March 6 2015. Fascinating content
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Second Chance
Champion Joined: 02 Dec 2007 Status: Online Points: 45320 |
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Fung (Aquis) purchased no less than 18 yearlings in conjunction with Phoenix on the Gold Coast this year.
He must have been living in a cave not to know and understand the international circumstances surrounding his partner in
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Gay3
Moderator Group Joined: 19 Feb 2007 Location: Miners Rest Status: Offline Points: 51824 |
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Wisdom has been chasing me but I've always outrun it!
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Glencoe
Champion Joined: 19 Jun 2011 Location: Mt. Gambier S.A Status: Offline Points: 1942 |
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Does Victoria Peak have links with Michael King former CEO of MFS/Octavia which crashed amid unaccounted losses of hunreds of millions ( Is Peter Profit onto this)
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Bonjour
Champion Joined: 25 Feb 2010 Status: Offline Points: 8402 |
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Gotta luv playing the victim card, I've broken a rib laughing.
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Gay3
Moderator Group Joined: 19 Feb 2007 Location: Miners Rest Status: Offline Points: 51824 |
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Bloodhorse: Fung Severs Ties With Phoenix ThoroughbredsAquis Farm split comes in wake of Phoenix's prize money being frozen in Australia.A partnership between two big-hitting players of Australia's Thoroughbred industry appears to have come to an abrupt end after Aquis Farm principal Tony Fung vowed not to race horses with Phoenix Thoroughbreds. The revelation comes in the wake of Phoenix's prize money being frozen by Racing NSW and Racing Victoria April 16. A spokesman for Aquis, quoted by the Australian Financial Review, attacked the conduct of the Amer Abdulaziz-owned Phoenix Thoroughbreds, saying the group had known for "months" about the freezing of their prize money, with Aquis claiming to have discovered the action taken against Phoenix only on Friday, while they accused the group of "failing to be honest and transparent" with their partners. "That conduct of Phoenix has failed to meet our expectations," a spokesman for Aquis said on Wednesday. "Any true co-owner should inform their partner of such action by authorities. Phoenix failed to be honest and transparent with us over the prize money freeze, which has rendered the relationship untenable. "We have sought further clarification from Phoenix multiple times since late last week over matters of their relationship with racing regulatory bodies in Australia, but they completely failed to answer questions. The matter has been placed in the hands of our lawyers." In partnership, Tony Fung Investments and Phoenix splashed AU$11,645,000 to be the leading buyers at this year's Magic Millions Gold Coast Yearling Sale, including three seven-figure purchases among 19 yearlings acquired in January. Fung, the owner of Canungra-based Aquis Farm, purchased under the banner of Tony Fung Investments for the first time in 2021, while his association with Phoenix began in 2018 when Aquis, in partnership with Yulong and Ciaron Maher Bloodstock, as well as Phoenix, purchased a Snitzel colt for AU$1.6 million at the 2018 Magic Millions Gold Coast Yearling Sale. Aquis Farm and Phoenix have together purchased a further nine yearlings, six from the Magic Millions Gold Coast Yearling Sale and three at the Inglis Easter Sale, in 2019 totaling more than AU$6 million, including their most high-profile racing and stallion asset, the 2020 Longines Golden Slipper (G1)-winning colt Farnan for AU$550,000 (US$392,700) from the Magic Millions Sale, while together they race promising stakes winner Holyfield. Phoenix, who refused to comment after news emerged of the Australian bodies freezing prize money, also races in partnership with Winchell Thoroughbreds in the United States, while holding equity in Australian stallions Exceedance and Farnan, who stand at Vinery Stud and Kia Ora Stud, respectively. The group moved swiftly to reassure their partners following the termination by Aquis and Fung of their relationship. A statement by Phoenix released on Wednesday read: "We want to quickly address the statement made by Aquis Farm concerning ending our partnership. "The conditions placed on us by Racing NSW and Racing Victoria only affect our prize money share. Any funds due to our partners and trainers remain unaffected, as does our ability to race. "None of this impacts our professional relationship with Aquis or their revenue streams from racing in partnership with us. "As we have been seeking to resolve this matter we have remained fully confident in the integrity of our operations and have not considered it appropriate to involve other parties." Abdulaziz became embroiled in money laundering allegations after he was named in a U.S. court as a key conspirator in the OneCoin scam in November 2019. Abdulaziz denies all allegations made against him. |
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Wisdom has been chasing me but I've always outrun it!
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Second Chance
Champion Joined: 02 Dec 2007 Status: Online Points: 45320 |
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Isn't the company registered in NZ? All so confusing.
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Online Points: 11301 |
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Victoria peak is a famous Hong Kong landmark
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Glencoe
Champion Joined: 19 Jun 2011 Location: Mt. Gambier S.A Status: Offline Points: 1942 |
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There used to be connections that one could make on line
e.g both V Peak & Aquis shared common directors. One is an ex banker. ( that info no longeronlinee) The name Victoria is common to the wife of an exQld financier
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djebel
Premium Joined: 07 Mar 2007 Status: Offline Points: 53960 |
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What I have so far gathered is Victoria Peak are buying yearlings and they are racing for Aquis.
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reductio ad absurdum
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Carioca
Champion Joined: 13 Nov 2015 Status: Offline Points: 21702 |
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This one could go the same way as conman Fosters .
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Shawy38
Champion Joined: 13 Jun 2015 Status: Offline Points: 17265 |
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They've got a horse running at Caulfield on Saturday
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Winning isn't everything, it's the only thing
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Second Chance
Champion Joined: 02 Dec 2007 Status: Online Points: 45320 |
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And company data is sketchy to say the least.
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djebel
Premium Joined: 07 Mar 2007 Status: Offline Points: 53960 |
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There is basically nothing of google.
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reductio ad absurdum
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djebel
Premium Joined: 07 Mar 2007 Status: Offline Points: 53960 |
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BHA under fire as leases allow former Phoenix horses to carry on racingBy Peter Scargill & Chris Cook The BHA has been urged to review a raft of lease agreements which have been used by trainers to race horses previously suspended from running due to their ownership by Phoenix Thoroughbreds and Phoenix Ladies Syndicate. A number of horses previously listed as being owned by the group have run this month after being leased from Phoenix by their trainers, following BHA approval, and hold entries in races including the Qipco 2,000 Guineas, Matchbook Yorkshire Cup and Tote Chester Cup. Ralph Beckett, the Classic-winning trainer, warned the leases could open up a "can of worms” and provide cover for sanctioned individuals to race horses if the scrutiny by the regulator is not sufficiently rigorous. The arrangement has come to light at the same time as Phoenix suffered yet another significant blow to its crumbling empire after high-profile ally Aquis Farm terminated its partnership with the organisation after it was revealed last week that two leading Australian racing authorities were withholding prize-money payments to Phoenix. Phoenix has been under intense scrutiny since its founder Amer Abdulaziz Salman, 57, who boasted of creating an equine behemoth to rival Coolmore, Godolphin and Juddmonte, was named in a New York court in 2019 as allegedly being a key money-launderer for $4 billion cryptocurrency Ponzi scam OneCoin. Abdulaziz denies the allegations. Last September, Phoenix and Phoenix Ladies had their racing accounts frozen by the BHA pending further investigation into the source of the group’s multi-million-pound spending, while Abdulaziz had declared his intention the previous month to cease racing in Britain “with immediate effect” following repeated questions about his funding. Fast Medicine, second at Catterick on Wednesday, was the latest horse to race in Britain having carried the Phoenix colours last year and not been sold to new owners. Trainer Peter Chapple-Hyam said a lease was in place allowing him to run Fast Medicine and other horses, including Old Newton Cup winner Deja and Ribblesdale fourth Bharani Star, for his own company Fairlawns Racing. "They're only being leased," Chapple-Hyam said. "Phoenix get no financial reward in their favour and I'm afraid to say until they start winning, neither do I. "Phoenix don't get any benefit whatsoever. You don't have to pay to lease. You can do, but put it this way, I was never going to and it was never mentioned. "I couldn't afford to buy them, so it was either that or stand there looking at them in the box every day, getting no money in and at the end of it say to my lads, ‘Well that's it, goodbye’, and lay off all my lads. I'm getting no training fees for these horses, no nothing until they start winning prize-money. So it might be short-lived." John Quinn has also raced Phoenix horses this year, with Frankenstella and Yukon Mission running under his name. He declined to discuss the ownership arrangements. A number of Phoenix horses were sold or retired last year – the group continues to operate its breeding arm in Britain which includes foals, yearlings, mares and shares in stallions Aclaim and Advertise at the National Stud in Newmarket – but it left a handful with trainers despite being unable to race them. Beckett, who takes over as president of the National Trainers Federation this year, says the fact these horses can continue racing is alarming and he proposes a stoppage on prize-money won by the horses unless they are sold by Phoenix. “My personal view is that by letting Phoenix lease horses to other people you are opening up a can of worms for letting people operate in the sport who will not pay for the training of their horses and for people who shouldn’t be involved at all,” he said. “The BHA took their lead from France Galop when it came to stopping Phoenix operating in Britain, and perhaps they should look at how the Australian authorities have frozen prize-money as a means of disincentivising any of these leases.” All leases from Phoenix have been approved by the BHA, which said it was able to look into any arrangements if it had concerns. “We cannot comment on the specifics of any leasing arrangements or possible leasing arrangements. When a horse is leased, it must be lodged with the BHA and the BHA has the ability to investigate if it has any concerns regarding a lease,” a spokesman said. The future of Phoenix's operation in Australia was also thrown into further doubt on Wednesday when Aquis, the ownership vehicle of Hong Kong property mogul Tony Fung, dramatically ended its big-spending relationship with Abdulaziz. The partnership had spent A$11.6m (£6.46m/€7.48m) on 19 yearlings in January, as well as racing the likes of star juveniles Farnan and Prague together, but Aquis is seeking to immediately terminate all co-ownerships after discovering through media reports in Australia Phoenix was having its prize-money withheld by racing authorities. “That conduct of Phoenix has failed to meet our expectations,” a spokesman for Aquis told the Australian Financial Review. “Phoenix failed to be honest and transparent with us over the prize-money freeze, which has rendered the relationship untenable. “We have sought further clarification from Phoenix multiple times since late last week over matters of their relationship with racing regulatory bodies in Australia, but they completely failed to answer questions. The matter has been placed in the hands of our lawyers.” In a statement, Phoenix said it regarded the prize-money freeze "an internal matter" and that it had "not considered it appropriate to involve other parties". |
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reductio ad absurdum
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djebel
Premium Joined: 07 Mar 2007 Status: Offline Points: 53960 |
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Can you tell us anything about them ?
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reductio ad absurdum
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Glencoe
Champion Joined: 19 Jun 2011 Location: Mt. Gambier S.A Status: Offline Points: 1942 |
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Wouldn't it be interesting if a journalist wrote an article on Victoria Peak Bloodstock
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Bonjour
Champion Joined: 25 Feb 2010 Status: Offline Points: 8402 |
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Isn't it funny how quiet the media outlets are on this? Bloodhorse exempted, where's Callander and co? It doesn't stop with Phoenix either, how long before the real stories arise, well written and well researched. Probably a long time if ever, too many will get washed away in the tsunami perhaps.
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International
Champion Joined: 13 May 2012 Location: Dubai Status: Offline Points: 964 |
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Finally Victoria and NSW blocked the prize money and latest result from that - https://www.afr.com/companies/sport/billionaire-breeder-attacks-phoenix-thoroughbreds-over-prize-freeze-20210421-p57l6u. Cannot find any other source that does not require subscription. When I saw this I regretted by Holyfield bet - not a lot of incentive last Saturday.
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TJMitchell
Champion Joined: 29 Jun 2014 Location: Melbourne Status: Offline Points: 16890 |
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So even Dubai are blocking them before us?
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Time is a flat circle
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djebel
Premium Joined: 07 Mar 2007 Status: Offline Points: 53960 |
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Apparently Dubai are rejecting their nominations.
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reductio ad absurdum
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Bonjour
Champion Joined: 25 Feb 2010 Status: Offline Points: 8402 |
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Have you hidden a mic in our joint by chance?
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Gay3
Moderator Group Joined: 19 Feb 2007 Location: Miners Rest Status: Offline Points: 51824 |
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Given the attitude of the Chinese govt., powers that be here, are probably reluctant to ruffle feathers in case they cease the equine trade too
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Wisdom has been chasing me but I've always outrun it!
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Bonjour
Champion Joined: 25 Feb 2010 Status: Offline Points: 8402 |
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There are so many forums talking about Phoenix and Fung, yet the big wigs in Druitt St and other jurisdictions are of the ''move along, nothing to see here'' mantra,.......don't you just love that? Too many lovely little agendas at stake should the allegations be proven true.
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acacia alba
Champion Joined: 31 Oct 2010 Location: Hunter Valley Status: Offline Points: 41248 |
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Thats good news .
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animals before people.
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slowdown
Champion Joined: 24 Jun 2009 Location: Tasmania Status: Offline Points: 8609 |
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reckon he will end up back here with luck. def don't have any equity in the stallion. the deal was only for one year so knowing Armidale they will be doing everything they can to have him back in Tassie.
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Rebel - racing. Lionel - in work. Glory - spelling. Ray - spelling. A Wee Nip - in work.
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acacia alba
Champion Joined: 31 Oct 2010 Location: Hunter Valley Status: Offline Points: 41248 |
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I for one sure hope they dont have any claims on the stallion. And I hope a nicer home can be found for him.
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animals before people.
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Second Chance
Champion Joined: 02 Dec 2007 Status: Online Points: 45320 |
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Was brought to the mainland on the back of Mystic Journey's success. Don't think Aquis has equity in the stallion who will have to find yet another home later this year.
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Shawy38
Champion Joined: 13 Jun 2015 Status: Offline Points: 17265 |
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acacia alba
Champion Joined: 31 Oct 2010 Location: Hunter Valley Status: Offline Points: 41248 |
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Needs Further . And I might be ignorant too, as can never recall if he is with Aquis or Sun Studs,,,but I think Aquis.
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animals before people.
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