We want to quickly address the statement made by Aquis Farm concerning ending our partnership.
The conditions placed on us by Racing NSW and Racing Victoria only affect our (Phoenix Thoroughbreds) prize money share. Any funds due to our partners and trainers remain unaffected, as does our ability to race. None of this impacts our professional relationship with Aquis or their revenue streams from racing in partnership with us. As we have been seeking to resolve this matter we have remained fully confident in the integrity of our operations and have not considered it appropriate to involve other parties.