Tags: george soros | justify | owner | triple crown

Justify: George Soros Reportedly Part Owner of Triple Crown Contender

Justify: George Soros Reportedly Part Owner of Triple Crown Contender
Justify trains on the track during morning workouts in preparation for the Kentucky Derby at Churchill Downs on May 3, 2018, in Louisville, Kentucky. (Michael Reaves/Getty Images)

By    |   Thursday, 07 June 2018 04:01 PM

George Soros owns 15 percent of the breeding rights to Justify, a Triple Crown contender who will race in the Belmont Stakes this weekend after winning the Kentucky Derby and Preakness Stakes, The New York Times reported Thursday.

According to the NYT, Soros Fund Management owns the stake in the horse, which would become more valuable if Justify becomes only the 13th horse ever to win the Triple Crown. Soros’ group sold racing rights to Justify and third-place Kentucky Derby finisher Audible soon after getting them, but retained breeding rights to Justify.

Soros, 87, is currently worth about $8 billion and is one of the richest men in the world. Two companies, SF Bloodstock and SF Racing Group, are controlled by Soros Fund Management, but it is not clear how much of the Soros fortune is invested in horse racing. 

Soros is unlikely to attend the race and prefers to be out of the spotlight, the Times noted.

The 2015 Triple Crown winner American Pharaoh has generated more than $35 million in breeding fees since winning the races, and his victory brought many new investors to the sport and drove up up prices, the NYT reported. American Pharaoh has commanded about $200,000 per live foal in the U.S. and $50,000 in Australia.

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According to The New York Times, George Soros owns 15 percent of the breeding rights to Justify, a Triple Crown contender who will race in the Belmont Stakes this weekend after winning the Kentucky Derby and Preakness Stakes.
george soros, justify, owner, triple crown
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2018-01-07
Thursday, 07 June 2018 04:01 PM
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