The
colt was for long the talking point of Australia ever since he was purchased
for $5 million by Bill Vlahos. However,
the architect of the ''punting club'' failed to pay for the youngster. So, the
horse was repossessed as Vlahos failed to honor a number of deadlines to pay
the money for the regally-bred colt. Reports suggested that a syndicated outfit
purchased it - Jimmy's breeder, Rick
Jamieson, who sold the colt, retained a 10 per cent share in the horse. It reportedly became a legal minefield for those
investors, both large and small, who paid their money to Vlahos over the months but whose money was never passed on to
the auction house that sold him.
The
breeding farm reportedly suffered huge debt due to non-settlement and they
further faced a bill of $40,000 for veterinary costs – and the news came that the
underwriters would pay $5 million policy out.
Devastated owners of Black Caviar's half-brother Jimmy were apprehensive of losing their money as well as the horse after
the $5 million colt was put down. Quite unfortunately,
the most expensive colt sold at auction in Australia was never able to race
after life-threatening complications of laminitis, a hoof complaint developed
after treatment for a mysterious spider bite. Many individually and in
syndicated groups had paid amounts in the hope of jointly owning Jimmy which would
win them honours ended up discovering that the colt was not paid for, not
registered and their names were not on any papers ~ and more sadly, Jimmy had
been bit by a spider leading to its illness and eventual going down. Melbourne University Veterinary Hospital in consultation with Insurers covering the colt, decided to euthanise him
after believing there was no more to be done to prevent intolerable pain.
Mr
Vlahos went into hiding since he was
allegedly bashed and his utility vehicle torched amidst allegations from some
quarters that Vlahos's injuries were self-inflicted and that fuel used to
ignite the car came from the property.
With
regards – S. Sampathkumar
Inputs taken from Smh.com.au and couriermail.com.au
