Injuries to star performers contribute to £5 million knock to Amo Racing's bottom line

Amo Racing have been forced to wipe more than £5 million from profits due to the impact of injuries to their top performers, according to owner Kia Joorabchian.

However, Joorabchian insisted the readjustment caused by the overstatement of profits would not hasten the retirement of prime asset King Of Steel to stud.

Accounts filed with Companies House last week covering the year ending March 27, 2023 included a note on prior year adjustments. The note stated that investments had been overstated by £11,968,111 and stock understated by £6,688,688, leading to an overall overstated profit of £5,279,423.