Who are Queen Mary-winning owners Phoenix Thoroughbreds?
The rapid growth of Phoenix Thoroughbreds has seen them became one of the major players in bloodstock and racing – underlined by Gronkowski's second in the Belmont Stakes and Signora Cabello's victory in the Queen Mary Stakes.
They burst on to the scene in 2017 when Kerri Radcliffe, who departed the organisation earlier this year, signed for more than £25 million of bloodstock that included the €1.4m Walk In The Sun and a €1.55m Dubawi colt out of Giofra.
The investment fund was founded by its CEO Amer Abdulaziz and was four years in the making. That period involved implementing a structure in which it would operate, securing investors and making sure it is fully regulated by the authorities in Luxembourg.
According to the plan, the fund will be liquidated in its fifth year, with that money used in the second fund, which is due to launch in the third year of the original. Abdulaziz hopes this second fund will be twice as big as its predecessor as Phoenix Thoroughbreds continues to expand its global reach.
With a significant stallion share in National Stud resident Aclaim, the focus of Phoenix Thoroughbreds is shifting towards breeding stock in order to provide a healthy return to its investors.
Based on their recent exploits, they are already well on their way to doing just that.
Queen Mary Stakes, replay, result and analysis
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Published on 20 June 2018inReports
Last updated 18:24, 21 June 2018
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