Comeback galloper Alligator Blood will not be allowed to race at the Sydney autumn carnival after the manager of his ownership structure, Allan Endresz was banned by Racing NSW on Thursday.
Racing NSW general counsel Peter Sweney wrote to Endresz and his lawyers on Thursday restating the racing regulator’s view, which Endresz had originally been informed of in February last year, that as an undischarged bankrupt he did not meet the standard for horse ownership in NSW.
The letter also called into question Endresz’ fitness and propriety to own horses after comments made in the media, particularly to the Sydney Morning Herald, where he said Racing NSW “could stick it up their arse”.
“Racing NSW was of the view that an undischarged bankrupt does not meet Racing NSW’s propriety standards to manage a horse racing syndicate,” the letter read. “Further, your client was informed on 24 December 2021 that it was critical that there was a line of sight to all possible owners.”
Endresz runs the majority of racing interests through trusts of Ezybonds No.1 and Ezybonds Pacific LP, and the Racing NSW letter said racehorses would no longer be registered to race under those entities or his name.
Any horse majority-owned by the trusts will not be allowed to race in NSW, which rules Alligator Blood out of the carnival. However four horses – Stonecoat, Isola Sacra, Honour The Legend and Power Me Up – will be allowed to continue to race because the trusts are minority owners, so as not to impact the other owners.
The prizemoney earned for the Easybonds trusts will be frozen by Racing NSW.
Alligator Blood, which is entered for the Doncaster and the Queen Elizabeth Stakes, will have to be shifted to the Melbourne stable of trainers Gai Waterhouse and Adrian Bott if he is going to continue his preparation, or be trained out of Queensland, as there are no restrictions on Endresz’s ownership in those states.
Easybonds No.1 trust had also bought an 18 per cent share in All Machiavellian, which is majority-owned by Racing NSW chairman Russell Balding. The three-year-old will run in the Provincial Midway Championship heat at Goulburn on Friday.