The world renowned Coolmore Stud is suing Glanbia for tens of millions of euro over contaminated equine feed. Faced with a 14 day ultimatum to concede liability, Glanbia chose to fight back. Court papers shed new light on the battle.
With no prize money handed out and betting shops closed, Covid-19 is taking its toll on racehorse owners, whose costs have remained high. A cascade of bloodstock sales trickling down all the way to breeders is now under threat.
The complex corporate web used to manage the Coolmore horseracing business and its owners’ other investments makes it difficult to estimate their wealth. This matters for a number of reasons – and Magnier’s position on the national rich list is the least of them.
The complexity of the corporate structures behind horse breeding magnate John Magnier’s global investments has grown in tandem with his empire. A two-month investigation by The Currency explores dozens of firms in the Coolmore empire.
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