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Sheikh Mohammed expands stable

Sheikh Mohammed bin Rashid Al Maktoum has expanded his global horse racing empire by buying Australia’s largest thoroughbred business in a deal understood to be worth close to A$500m ($451.6m).

The Dubai ruler’s Darley business will acquire the bloodstock operations of Inghams Enterprises, which include training operations in Sydney and Melbourne, pre-training facilities outside Sydney, two thoroughbred studs and close to 1,000 other horses. Darley, which was set up in Australia seven years ago, already operates thoroughbred stud farms in the UK, Ireland, the US, and Japan. Sheikh Mohammed is one of the world’s biggest owners of thoroughbreds, racing under the Godolphin banner

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http://www.ft.com/cms/s/0/9b3a929a-fa6a-11dc-aa46-000077b07658.html