BHA Suspends Phoenix Thoroughbreds On Financial Grounds

The Racing Post reported Thursday that Phoenix Thoroughbreds has been suspended from racing in Britain. The British Horseracing Authority told the Post the group's racing accounts were frozen and the decision was made on the basis of finances rather than suitability.

Despite a declaration last month that it would no longer race in Great Britain, Phoenix did still have runners in the country, including Deja and Frankenstella running at York since the announcement. Runners for either Phoenix Thoroughbreds or Phoenix Ladies are not permitted “until further notice.”

French racing authorities have banned the ownership groups from racing in that country, and Australian racing authorities have launched investigations into Phoenix after the name of the group and its founder, Amer Abudlaziz Salman were implicated in connection with a cryptocurrency scam. Abdulaziz has denied allegations that he served as a money launderer for OneCoin.

The BHA released the following statement about the decision:

“Following Phoenix Thoroughbreds' recent decision to leave UK racing, the BHA can today confirm that effective as of Monday, September 7, Phoenix Thoroughbreds are no longer able to have runners in races in Great Britain until further notice. Any horse currently entered will not be permitted to be declared in its current ownership.

“The racing administration accounts of all registered ownership entities that involve Phoenix Thoroughbreds have been suspended.

“Whilst the BHA can confirm that they are in regular correspondence with Phoenix Thoroughbreds, having reviewed the information available to date, the BHA has taken the decision to suspend the relevant accounts meaning Phoenix Thoroughbreds are unable to make entries until further notice.”

Read more at The Racing Post

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