Starspangledbanner: five per cent share was put up for salePICTURE:Getty Images
Frustrated owner sells stake in Starspangled
AUSTRALIAN Michelle Massey, owner of a five per cent share in Starspangledbanner, has put her stake up for sale after claiming to be frustrated by a lack of information on the horse.
Coolmore bought 95 per cent of the Australian-bred son of Choisir last year after he won two Group 1 races in his native country.
Reports suggested his original owners accepted an offer that values the stallion at around A$10 million (£6.2m/€7.3m). However, Massey – who had her share bought for her for just A$8,000 (£5,000/€5,800) – declined to relinquish her stake at the time of the sale.
After being transferred to be trained by Aidan O’Brien, two more Group 1 wins in the Golden Jubilee Stakes and July Cup enhanced Starspangledbanner’s value further, and he begins his stud career at Coolmore in Ireland this season at a fee of €15,000 before shuttling to Australia.
Michael Kirwan, general manager of Coolmore Australia, told Melbourne’s Herald-Sun: “Of course Coolmore would be interested in buying the five per cent.” He also denied that information on the horse had been withheld from Massey, adding: “Coolmore has no hidden agenda.”
The share was listed for sale on the website bloodstock.com.au as a “golden opportunity to be in on the ground floor of Group 1-winning champion Starspangledbanner’s stud career”. The closing date for expressions of interest was February 1.