Meade cuts ties with Phoenix Thoroughbreds following money laundering allegation

Phoenix Thoroughbreds has been dealt a significant blow after its most successful European trainer Martyn Meade severed his links with the owner.

Meade, who runs a boutique training operation from the historic Manton Estate in Wiltshire, is the second major figure to end his association with Phoenix, after his son-in-law Dermot Farrington quit as the group’s bloodstock agent in November following explosive allegations against founder Amer Abdulaziz Salman and the subsequent revelation his “regulated thoroughbred fund” never operated and had been placed into voluntary liquidation.

Abdulaziz was last year alleged to be a key money launderer for OneCoin, a fake cryptocurrency whose founders are said to have made $4 billion from the scam, in courtroom testimony in the United States.