Triple Crown victor Justify partially owned by George Soros's company

Ruben Hill
June 13, 2018

Saturday, as Justify raced towards history at Belmont Park, fans of Notre Dame football were likely cheering for the horse to win the Belmont Stakes and achieve the 13th Triple Crown in the history of horse racing - a feat he accomplished. Executives from the investment firm oversee the breeding and horse ownership businesses.

Coolmore Stud had already negotiated for a $60 million deal, but Justify's Triple Crown win was worth a $15 million bonus, turning the breeding fee into a record breaker.

Soros is a Hungarian-American Jewish business magnate and philanthropist, who donated millions to Democratic candidates including presidential candidate Hillary Clinton and who Is considered an enemy of the state in Hungary for his support of resettling refugees.

Forbes has estimated that once retired, Justify could demand an initial $100,000 stud fee - giving him a $60 million value based exclusively on breeding fees if he were to cover 150 mares per breeding season for four years.

Justify has won all six races he has run this year - Seattle Slew was the only other undefeated horse to win the Triple Crown in 1977. "I wanted to see that horse's name up there [with the other greats] because we know he was brilliant from day one", he told reporters.

Regardless of how it happened, Justify is now a Triple Crown champion, and Restoring Hope has a future as an offensive lineman. Owned by WinStar, China Horse Club, Head of Plains Partners, Starlight Racing and SF Bloodstock, Justify is scheduled to ship Monday to Louisville, where he will stay at Churchill Downs for the next week or so.

Other reports by Click Lancashire

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