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Kildangan takes legal action against Tinkler

SHEIKH MOHAMMED’S Kildangan Stud in County Kildare has filed proceedings against Australian mining magnate Nathan Tinkler in a New South Wales court.

The subpoena is for Tinkler to provide information relating to a “commercial matter relating to stallion nominations,” Kildangan Stud managing director Joe Osborne confirmed yesterday.

It is thought the case is related to unpaid stallion fees.

The case adds to Tinkler’s woes, after the New South Wales Supreme Court on Friday granted the Australian deputy commissioner of taxation permission to prepare a case against his holding company. 

Tinkler rose to become one of Australia’s youngest billionaires on the back of the country’s boom in natural resources in the last decade, but a slide in coal prices has damaged the value of his business empire.

Tinkler invested heavily in racing and breeding and stands ten stallions under the Patinack Farm banner in Australia, including Lope De Vega, who shuttles from Ballylinch Stud. 

He has assembled an elite broodmare band at Patinack Farm, which includes Jade Tiara, the dam of Hong Kong champion Silent Witness, and Dubai Sheema Classic heroine Sun Classique.

Tinkler has been a big spender at sales in Australia, America, Europe and Japan, and in 2008 he bought the most expensive lot at the Arqana August Yearling Sale at Deauville, the Galileo colt Tall Poppy, for €770,000.

In an effort to downsize the broodmare band, Tinkler sold nearly 200 mares at auction last month. 

Another batch of more than 40 mares will be sold without reserves at next month’s Inglis Sydney Summer Sale.

 

 

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