Phoenix Thoroughbreds and Phoenix Ladies Syndicate have been barred from racing in Dubai, the Racing Post reported on Thursday. Phoenix, which is already prevented from racing in the UK and France, does not have any runners in Dubai yet and last raced in the UAE in 2020. In November of 2019, Phoenix's founder, Amer Abdulaziz Salman was named in an alleged money laundering and fraud scandal in New York in connection to the crypto currency Ponzi scheme OneCoin. Phoenix denies all claims.
“We have the horses in the stable but we're not able to run them,” trainer Satish Seemar, who trains for Phoenix in Dubai, told Racing Post.