Tom Ludt

Tom Ludt Leaves Phoenix Thoroughbreds

Tom Ludt, who joined Phoenix Thoroughbreds as head of U.S. operations in December of 2017, has left the company, Racing Post reported. According to Ludt, he accepted a termination agreement offered by Phoenix's creator, Amer Abdulaziz Salman. Abdulaziz's brainchild operates on multiple continents and has enjoyed Group 1/I success, but first came under investigation in November of 2019, as first reported by Racing Post. Abdulaziz allegedly stole €100 million from sham cryptocurrency OneCoin-which he allegedly helped operate as an international Ponzi scheme-and reinvested those funds into thoroughbreds through Phoenix. The...

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Spa Event Launches Saudi Cup Countdown

SARATOGA SPRINGS, NY - The countdown to next year's inaugural Saudi Cup officially began Wednesday evening with a gala organized by the race's officials in the walking ring at the Fasig-Tipton sales grounds in Saratoga. The race, scheduled to be run next Feb. 29 at King Abdulaziz Racetrack in Riyadh, will be run over 1800 meters of the dirt track and will be worth $20 million--making it the world's richest race. The field will have a maximum of 14 runners, with $10 million going to the winner. Hosted by television...

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Tom Ludt

Tom Ludt has done a lot in the horse racing industry. He was the president of Vinery, the chairman of the Breeders' Cup and has worked for the Stronach Group. But never has he been involved with a project as ambitious as Phoenix Thoroughbreds. Ludt was hired in December to head the U.S. operations for the trailblazing stable that has emerged in less than two years as a major force on the global racing scene and is spending millions at the sales in order to achieve its goals. Ludt is...

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