In recent years, betting syndicates have become an increasingly popular way for smaller punters to play the gambling markets
More than 200 racehorses will travel to a track in Britain on Friday, but the most significant name on any of the four cards is arguably one of those that won’t. Nickelsonthedime, from Kayley Woollacott’s stable, was declared for the last race at Fakenham and would almost certainly have set off as the favourite.
The five-year-old will be staying at home, however, because he is one of 23 horses owned by the Layezy Racing Owners Club, whose founder, Mike Stanley, filed for bankruptcy earlier this week. The Rules of Racing make it clear that “insolvent individuals or entities are not permitted to own and run racehorses”, and all 23 horses have been barred from running until further notice.
Written by Greg Wood
This news first appeared on https://www.theguardian.com/sport/blog/2019/feb/15/talking-horses-lessons-from-the-layezy-racing-bankruptcy under the title “Talking Horses: lessons from the Layezy Racing bankruptcy”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
