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.
Follow Julia Cohen on Facebook and Twitter.
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.