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
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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- We believed Dancing Brave could fly - and then he took off to prove it
- 'Don't wind up bookmakers - you might feel clever but your accounts won't last'
- 'There wouldn't be a day I don't think about those boys and their families'
- 'You want a bit of noise, a bit of life - and you have to be fair to punters'
- 'I take flak and it frustrates me - but I'm not going to wreck another horse'