• Supreme Horse Racing Club suspended by
Irish racing• Syndicate faces allegations of financial impropriety
The favourite for the Cheltenham Gold Cup, Kemboy, is one of dozens of horses currently prevented from running by a suspension placed on an ownership syndicate, the Supreme Horse Racing Club. Since Monday of this week, the syndicate’s account with Horse Racing
Ireland (HRI) has been frozen, meaning it cannot pay entry fees and is effectively prevented from running its horses.
HRI acted after Supreme failed to provide information in response to complaints made by some of their 500 members, who pay an initial sum for a share in one of the club’s 29 horses and thereafter pay a monthly fee to cover costs. According to a report in the Racing Post, the club faces allegations of financial impropriety from its members, including one that shares in Kemboy have been significantly oversold to them.