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BC3 Thoroughbreds have yearlings repossessed

Tue, Dec 24, 9:21am by Daryl Curnow

BC3Magic Millions have repossessed a total of nine horses from BC3 Thoroughbreds as a result of the on-going saga involving Bill Vlahos. The failed company is unable to pay for the nine juveniles purchased and as a result they will be sold at auction in the upcoming Gold Coast Yearling Sale.

Among the horses to be repossessed is a colt by Encosta de Lago which went under the hammer for $425,000 at the Gold Coast Yearling Sale. Also purchased at the same sale was the Fastnet Rock filly who sold for $330,000 and the Starcraft filly for $320,000.

Bill Vlahos declared bankruptcy last week, as seen here at Australian Gambling, and now his assets are being seized by bankruptcy trustees. However, despite losing his purchased yearlings, Black Caviar’s younger sister, Belle Couture, made her debut at Bendigo last Sunday where she finished an unlucky second. The $2.6 million sales purchase received an economical trip in transit but was unable to find a run in the straight and went down by a neck margin.

It’s both surprising and unsurprising that Belle Couture has been allowed to run under the BC3 banner but considering her profile, it can only be good for racing. All prizemoney will be withheld and passed on to BC3’s administrators, Trent Hancock and Michael Hird. Belle Couture, who shares the same initials as her champion sister, has come through the run well and her trainer Danny O’Brien believes she will be more suited to racing over the longer distances, as opposed to the sprints that Black Caviar made her name in.

‘Jimmy’ the $5 million BC3 purchase is still fighting for his life in the Werribee Veterinary Hospital and the investigation to his ownership is on-going.

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