Flying high: $250m and big ambition fuelling the rise of Phoenix Thoroughbreds

Lewis Porteous examines the growth of the ownership group as a major force

Advertise: winner of the Commonwealth Cup at Royal Ascot for Phoenix ThoroughbredsCredit: Alan Crowhurst (Getty Images)

When Frankie Dettori punched the air having brought Advertise home in front to win the Group 1 Commonwealth Cup at Royal Ascot last month it signalled another landmark in the rise of Phoenix Thoroughbreds.

Unheard of less than three years ago, the "world's only regulated thoroughbred investment fund" entered racing's arena with a huge war chest, with chief executive Amer Abdulaziz Salman claiming to have brought together 50 investors and $250 million as he set about challenging the behemoths of Flat racing who dominate the bloodstock industry.

Phoenix's success since launching in 2017 has been on a global scale, with the fund's orange and white silks registering victories in North and South America, Australia and the UAE, as well as Europe.

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Published on 8 August 2019inSeries

Last updated 19:30, 24 November 2019

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