Originally Posted by
Messenger
This thread has been created retrospectively from posts originally in the NSW thread
You would think that there has to be an inquiry into APG. What with the $225k they appear to have worn from the A. Portelli purchases (one Sydney, two Melbourne), it appears we now have $576k of Tim McLean purchases (all from the 2020 Sydney sale). Whoever was handing out the credit had to have been sacked. I know that the A.Portelli vendors were paid (by APG?). If in total APG had to cover $801k - this is a big loss for the APG. It could be even more as there could be others and there were some Tim McLean small purchases at the Melbourne sale, like the Sydney purchases, none have been named/registered.
It is incredible to think that they have taken this long to act on the McLean horses. The value of these horses would have diminished substantially – if they don’t even race as 3yo’s their value would be miniscule. Mind you Captain Ravishing did get to race until the last month of his 2yo year, whether this was a maturity thing or the result of a long legal process - we deserve to know as APG is industry owned.