US

Justify May Win A Triple Crown With Soros Backing

USA Today Sports/REuters

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Julia Cohen Reporter

Executives from George Soros’s investment firm oversee two groups that have a 15 percent stake in horse racing star Justify, according to the New York Times.

Justify, who won the Kentucky Derby and the Preakness Stakes, will race on Saturday at the Belmont Stakes. If Justify wins the Belmont, he will become the 13th horse in history to win a Triple Crown.

SF Bloodstock and SF Racing Group are backed by Soros Fund Management, Soros’s investment firm. The manager of both groups is Soros Fund tax counsel Gavin Murphy. The Soros Fund’s family office chief financial officer Christopher Naunton is the president of the two breeding and racing groups. (RELATED: Soros Blows Cash On California DA Races And Comes Up Empty)

Justify’s owners, including the Soros backed groups, are in talks with a rival farm, Coolmore, for Justify’s breeding rights. If sold, Justify’s owners could get $60 million, plus a $25 million bonus if the horse gets a triple crown.

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