More twists to Zoustar sale   Leave a comment

More twists to Zoustar sale

Zoustar was the most popular first-season sire in Australia last year.

Zoustar was the most popular first-season sire in Australia last year. Source: Getty Images

WIDDEN Stud’s Antony Thompson maintains his company “has acted in good faith at all times in relation to the sale of Zoustar” but others are adamant that’s not the case.

Last week, we reported Bill Vlahos’ claim that Thompson/Widden Stud sold Zoustar for an alleged $26 million to Qatar Bloodstock during a time when BC3 Thoroughbreds (Vlahos’ company) had a Right To Remedy.

“Whilst this may be alleged, it is factually incorrect. He was not sold for $26m nor was he sold within that time period,” Thompson said.

Thompson has been summonsed by Geoffrey Trent Hancock and Michael Charles Hird, the liquidators for BC3, to produce documents and appear at an examination in accordance with section 596B of the Corporations Act.

“Widden Stud has acted in good faith at all times in relation to the sale of Zoustar and we are confident any proceedings will find in our favour,” Thompson said.

“Zoustar was the most popular first-season sire in Australia last year and will be fully booked this year thanks to the great job that Woodside Park have done promoting him. We continue to enjoy a good working relationship with Woodside.”

That “good working relationship” includes a court battle that’ll kick off next month. Woodside Park owned 50 per cent of Zoustar when Thompson approached Woodside’s Mark Rowsthorn to reduce its share to 25 per cent and sell to BC3.

Rowsthorn says they agreed that Zoustar was worth $18m and BC3 Thoroughbreds could acquire 50 per cent leaving Woodside Park and Widden with 25 per cent each.

When BC3 didn’t stump up the cash, Widden flogged Zoustar off to Qatar Bloodstock for the alleged $26m. Woodside claims it hasn’t been paid its share of the extra $8m.

At The Track asked Rowsthorn about his relationship with Thompson. “It’s strained,” he said. “Antony lives in dreamland. At a farm level, the two companies get along fine with the staff at each property quite friendly but that’s where it ends.”

So we went back to Thompson and told him what Rowsthorn said.

“Well, we maintain the farms have a good working relationship,” he said. That’s not quite what you said the first time, Antony. See you next month.

Matignon left apprentice Winona Costin behind at the start before finishing ‘second’ to S

Matignon left apprentice Winona Costin behind at the start before finishing ‘second’ to Sense And Reason at Rosehill on Saturday. Picture: Simon Bullard Source: News Corp Australia

WHERE’S WINONA?

WINONA Costin had a lucky escape when she was dislodged from Matignon in the Wilson Asset Management Handicap at Rosehill on Saturday.

Matignon dipped as the gates crashed back in the 1100m fillies and mares race with Costin suggesting the mare “was too fast away”.

“She anticipated the start too well and surprised herself,” Costin said.

Matignon continued in the race and was the second horse past the post behind Sense And Reason. The jockey was unharmed and was cleared to fulfil her commitments.

Spare a thought for media personality Russell Barwick, who part-owns Matignon.

Barwick had two runners scheduled to run last Saturday — one at Hawkesbury and one at Newcastle. His runners were due to contest the next race at each location before each meeting was abandoned due Sydney’s wild weather.

“Two called off, one falls off,” Barwick quipped.

TAKING CARE OF MATES

RACING NSW will consider introducing a scheme called “Racing Mates” which operates similar to the Men Of League, acting as support for embattled participants of the industry.

A meeting will take place on Monday between the Racing NSW board and the NSW Trainers’ Association to decipher what Racing Mates can offer that the current system doesn’t.

CAUGHT OUT?

WHICH international star jockey, who wasn’t at his best during The Championships, might have been caught out being a naughty boy just days before he landed down under?

IN DRIVER’S SEAT

BRENTON Avdulla has a struck a purple patch.

He rode a double at the Wagga Cup meeting on Friday a week ago. he rode the only winner at Hawkesbury’s washed-out card then a double at Warwick Farm on Wednesday followed by a treble at Gosford on Thursday.

On Saturday, he was majestic in the saddle producing some of the best tactical rides you’ll see bagging a double.

And it appears Avdulla has treated himself with a new set of wheels — a chrome Mercedes-Benz C63.

Brenton Avdulla is in a winning groove in the saddle. Picture: Simon Bullard

Brenton Avdulla is in a winning groove in the saddle. Picture: Simon Bullard Source: News Corp Australia

BLAKE ON THE BALL

BLAKE Shinn told us during the week he had one of the best books of rides in his illustrious career at Doomben on Saturday. He didn’t let us down.

Five winners including the pair of Group 1 races went to Shinn. Pornichet delivered him back-to-back Doomben Cups after he won the race last year on Streama just days before one of his greatest inspirations in racing, Guy Walter, died.

Pornichet will go for a spell and be targeted at the Cox Plate in October.

SAXON FRONT AND CENTRE

IS there any better spectacle than a dashing frontrunner? Saxon Saxoff is developing a reputation for opening up a 20-length-plus lead in his races over in Western Australia. On Saturday, the four-year-old established a 25-length margin in his 2200m event and held on.

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Posted May 10, 2015 by belesprit09 in Uncategorized

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