One of the three groups that have an ownership stake in the breeding rights of the top racing horse Justify is a company controlled by top employees of the billionaire investor George Soros, The New York Times reported Thursday.
Soros’s connection to Justify hasn’t been reported on or widely recognized in the sport, despite the horse’s success in the Kentucky Derby and the Preakness Stakes. Soros’s group, which owns 15 percent of the breeding rights, avoids any public attention.
Soros’s investment firm, Soros Fund Management, is behind SF Bloodstock and SF Racing Group, an international breeding and racing operation started in 2008. Executives from the investment firm oversee the breeding and horse ownership businesses.
The Soros Fund’s longtime tax counsel is the manager of SF Bloodstock and SF Racing Group, and the chief financial officer of the Soros Fund’s family office is the president of SF Bloodstock and SF Racing Group.
SF, which is also a part-owner of Newgate Farm in Australia, has breeding stock in the United States, Australia, England, Ireland and France. It could not be determined how much money Mr. Soros’s firm has committed to the horse racing business.
Justify will race in the Belmont Stakes on Saturday, hoping to become just the 13th horse in history to claim horse racing’s Triple Crown.
This story "Soros Secretly Owns Justify, The Triple Crown Contender" was written by Alyssa Fisher.