Racing powerhouse Yulong buy into unbeaten group 1 winning colt Private Harry
Yulong Investments has secured a half share in Group 1 Galaxy winner Private Harry.
Horse Racing
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Unbeaten colt Private Harry is the first horse locked in for The Everest after breeding and racing juggernaut Yulong Investments purchased a 50 per cent share in the group 1 winner on Friday.
The deal was sealed in the aftermath of the star sprinter’s slashing victory in the Group 1 Galaxy (1100m) at Rosehill Gardens last Saturday which extended his unbeaten winning stretch to five.
Although details of the sale remain confidential, it is understood the half-share of Private Harry has been secured for more than $15m.
Further incentives are factored into the deal if the star galloper goes on to win further group 1 races.
The deal also includes Private Harry being given Yulong’s slot for the $20m The Everest at Royal Randwick in October - making him the first sprinter locked in for the world’s richest turf race.
It’s understood the horse will remain with Newcastle trainer Nathan Doyle with his next target the Group 1 TJ Smith Stakes (1200m) on Day 1 of The Championships at Royal Randwick on April 5.
Private Harry launched his career with a maiden victory on his home track at Newcastle last November before taking all before him, including a win over Lady of Camelot in the $3m Magic Millions Sunlight Plate (1100m) in January.
READ: Harry makes Everest case as star continues to rise in Galaxy
Yulong Investments General Manager Vin Cox would not comment when approached by Newscorp on Friday.
The news comes a day after Cox announced his resignation from the organisation, citing a “difference in opinion on strategic direction and values”.
Originally published as Racing powerhouse Yulong buy into unbeaten group 1 winning colt Private Harry
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