The owner of Alligator Blood is set to offer a share of the Group 1 winner to Living Legends, home of retired champion racehorses, in a bid to dodge a ban on star horse racing in Victoria.
News Corp broke the exclusive story on Thursday that Racing Victoria (RV) banned Alligator Blood from racing, due to owner Allan Endresz’s undischarged bankruptcy status.
Endresz is a 60% majority owner of Alligator Blood, but RV has left the door open for horses in which Endresz has a minority stake to race in Victoria, subject to commissioners’ approval.
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News Corp can now reveal that Endresz offered RV to donate 15% of Alligator Blood to Living Legends in Victoria, where the main horse was due to retire after his racing days.
This would mean that Endresz would only have a 45% stake in Alligator Blood, potentially clearing the way for him to run in the spring, although that would require approval from integrity officials.
Endresz has given Racing Victoria until 5pm on Sunday to respond or he says he will take legal action as his horse is still working to prepare for the Victorian Group 1 spring targets.
In a letter from Endresz to Racing Victoria, obtained by News Corp, the owner wrote: “The proposal is as follows.
“A new ‘Alligator Blood’ ownership structure, as accepted by Racing Victoria, will include:
“1. Robyn Simpson (20%) (No change to current entry); 2. Jeff Simpson (20%) (No change to current entry); 3. Living Legends (VIC) (15%) (Offered by Allan Endresz as Trustee) 4. Allan Endresz as Trustee (45%) (diluted to a minority stake).
“This proposal provides Racing Victoria with a reasonable and sensible alternative which will allow ‘Alligator Blood’ to take place during the Spring Carnival, while at all times being in full compliance with the Commissioners’ ‘minority interest’ decision as set out in point 1 of the Letter.
“Living Legends will receive a free 15% interest in “Alligator Blood” and will retain an unencumbered right, title and interest in Alligator Blood.
“Living Legends CEO Andrew Clarke has confirmed that this arrangement has been approved by his Board of Directors (subject to Racing Victoria approving the new ownership structure and immediately removing the racing restrictions on Alligator Blood) as it will provide a necessary financial and media boost to Living Legends.
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“It was agreed a few years ago that Alligator Blood would eventually be retired from Living Legends and this restructuring provides a wonderful opportunity for Racing Victoria and racing enthusiasts.
“As time is of the essence and in order to maintain Alligator Blood’s scheduled racing schedule, you are respectfully advised that this proposal will remain open for consideration by the Stewards until 5pm on Sunday 7th August 2022.”
Meanwhile, News Corp has confirmed that Racing Queensland has no intention of banning Alligator Blood from racing in the Sunshine State where it won the Group 1 Stradbroke Handicap over the winter.
Queensland has taken a different stance from major racing states, with Alligator Blood banned from racing in Victoria and NSW.
This opens the door for Alligator Blood to participate in the rich Gold Coast Magic Millions carnival in January, where he won the 3YO Guineas in 2020 before being disqualified.
Alligator Blood co-trainer Adrian Bott called it “good news” that Queensland had no intention of stopping the star horse from racing.
Alligator Blood gave co-trainer Gai Waterhouse his first victory at Stradbroke and his 150th Group 1 triumph earlier this year.
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Endresz’s terminally ill wife Joy was about to die when Alligator Blood won the Stradbroke and she died the next day, but not before waking up and asking if the horse had won.
An international campaign in Japan or Hong Kong could still be considered for Alligator Blood later this year.
Originally published as Alligator Blood owner makes proposal to Racing Victoria to let Stradbroke winner into Spring Carnival