A group of Irish bloodstock companies at the heart of a half-billion-euro tax dispute in France sold all its thoroughbred horses one month before a high-profile appeal trial for alleged tax fraud and laundering opened in Paris this week. The Dublin-registered companies, Dayton Investments Ltd and its subsidiaries including Ballymore Thoroughbred Ltd, sold their stock on August 18. A representative for the buyer, the French stables of the Chanel couture house owners Wertheimer brothers, confirmed to The Currency French media statements announcing its acquisition of “all the horses belonging to Dayton Investments”. Records from the France Galop racing governing body…

Want to read the full story?

Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .