racing funds

Phoenix Thoroughbreds, embroiled in controversy since its founder Amer Abdulaziz was named in an alleged money laundering and fraud scandal, has released a statement regarding its long-term commitment to racing. The statement reads as follows: "Phoenix Thoroughbreds wishes to reiterate our long-term commitment and continued investment in the equine industry after our recent homebred successes. We are delighted with the success of Farnan, our first homebred winner. His achievements are the culmination of years of ambition, vision and hard work as part of our ongoing long-term breeding strategy. As a...