Horse racing industry in shock over Shadwell scale down ...United Arab Emirates

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Horse racing industry in shock over Shadwell scale down
Dubai: The horse racing world was left in shock following Shadwell’s decision to ‘scale down’ operations in the Southern Hemisphere and ‘sell off’ star horses in Australia and South Africa over the next few months. Owned by Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, Shadwell is one of the world’s biggest and most influential racing and breeding operations. Speaking to the media during a virtual press conference on Tuesday, Mirza Al Sayegh, Director of Sheikh Hamdan’s Office and Shadwell Chairman, said the decision was ‘wise’ and ‘timely.’ “it is with sadness that I can confirm that Sheikh Hamdan has decided to pull out or scale down all his activitie

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