Tuesday October 27, 2020

Coolmore mounts legal action against businessman

Dispute with Woodlock relates to nomination fees

17th January, 2016
Mastercraftsman ridden by Johnny Murtagh wins the Independent Waterford Wedgwood Phoenix Stakes Picture: INPHO

Coolmore, the international bloodstock empire controlled by John Magnier, has begun legal action against Tipperary businessman Michael Woodlock.

The dispute is understood to relate to unpaid nomination fees relating to 22 stallions owned by syndicates of Coolmore investors that provided their services to mares owned by Woodlock.

Nomination fees paid to stallions vary year to year based on various factors and the quality of stallions. They range from €3,000 to €45,000 per nomination.

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