Man who spent £500,000 on 22 horses during 'medical episode' to try and sell them off | The Sun
A MAN who went on a £500,000 spending spree during a 'medical episode' is trying to recoup some of his cash.
Aussie Rob Ferguson bought an astonishing 22 HORSES during a bizarre afternoon at the Magic Millions National Yearling Sale on the Gold Coast back in June.
Ferguson, a former stud manager and Group 1 winning racehorse owner, suffers from a lung condition and was in the midst of being taken off a course of steroids by his doctor.
As a result he experienced side-effects of ‘invulnerability’ and ‘euphoria’.
He likened the sensation to 'spending all day at the bar' before deciding to splash the cash, and he joked: "It felt like a good idea at the time!"
At the time there was mystery surrounding the identity of Ferguson, who spent close a fortune on nearly two dozen fillies under the name of Louis Bloodstock.
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No one had heard of Louis Bloodstock in Australia before – and it turns out Ferguson was buying the horses in the name of his dog!
Ferguson explained: “It is like having been at the Magic Millions bar all day and then deciding to buy some horses.
“It was just one of those things that happened. I‘ll probably end up famous because of it!
“I have had some feedback from a few good judges who have seen the horses and they tell me that there are some nice fillies in the group.
"So, I may not have done too bad a job.”
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The realisation he didn't actually want to own the horses didn't kick in until much later -and he’s now trying to get some of his money back.
The fillies will make up a large portion of the Magic Millions Online Sale, which kicks off on September 5.
He said: “Obviously it looks like I am going to show a loss, as I‘m willing to take a haircut on each horse. But it was never my intention to own these horses.
“When I purchased these fillies I am sure I made a lot of vendors happy.
"This time around I will probably be making a lot of buyers happy.”
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