PHOENIX THOROUGHBREDS TO CEASE RACING IN THE UNITED KINGDOM

Phoenix Thoroughbreds will cease racing operations in the United Kingdom and the process will start with immediate effect.

The management at the Dubai-based organisation will halt racing operations across the U.K. until further notice. This difficult business decision has been taken after consultation by the management team and the company has informed all its partners in the U.K.

Everybody at Phoenix Thoroughbreds is keen for investment into the international sport of racing and in the past few years has been fully committed to healthy growth. The company has conducted itself appropriately, despite certain media outlets claiming otherwise. It is in no small part down to the unfair treatment from an industry media outlet that this decision has been taken.

In the UK, Phoenix Thoroughbreds have, to date, raced 41 horses in 170 races. The company employed 11 trainers and helped facilitate the employment of approximately 300 stable staff, administration workers and those working in supporting industries. Phoenix Thoroughbreds has always fully cooperated with the British Horseracing Authority and has always been and continues to be registered, compliant with and operates to the highest standards within the industry.

We have been the recipient of incredible support for our ambitions in U.K. racing and cannot possibly begin to explain our gratitude to the many trainers, stables and other fantastic business partners, we have had the absolute privilege and honour to work with over the past few years.

We are looking forward to continued relationships with our trusted partners internationally, equine industry colleagues and esteemed providers as we seek even further success on and off the racecourse for the remainder of 2020 and into 2021.

Amer Abdulaziz Salman, CEO of Phoenix Thoroughbreds, said:

“It is with a heavy heart that Phoenix Thoroughbreds will no longer have our racing operations in the U.K. We have very much enjoyed working with our excellent partners in that market and seeing our colours race at Ascot, Newmarket and further afield has been a dream come true for myself and everyone here at Phoenix Thoroughbreds.

“We have invested large amounts into the industry in the U.K. helping to employ hundreds of staff both directly and indirectly

“This has not been a decision we have taken lightly. However, for the growth and wellbeing of our business and our partners internationally, we have taken the decision to leave the U.K for the foreseeable future. It saddens me greatly to have to do this but at this juncture, we believe it is necessary. We would like to thank everyone who has helped us achieve our dreams so far”