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  • Moodie Reveals Late Payment Rationale

    Thursday, 18th February 2021

    Prominent owner Peter Moodie, whose colours are synonymous with industry success, has thrown the cat among the pigeons by questioning the logic – financial and otherwise – of the long-standing tiered payment plan for big ticket juvenile races like the Blue Diamond and Golden Slipper. A day after paying up a $55,000 late entry fee for General Beau (Brazen Beau-Phosphoresence, by Lonhro) to take his place in Melbourne’s elite Blue Diamond, punters.com.au reports Moodie as saying, “We race a few and if you were going to pay up for all of them, it would be just pay, pay, pay all the time.” A prominent breeder and former chairman of Racing Victoria, Moodie expounded: “Half of them aren’t named, they aren’t broken in and you’ve got no idea about them. You have to pay three or four times at various stages and you’re guessing the whole time.” His opinion is backed by some experience, given his silks were carried to victory in the Blue Diamond by Hurricane Sky (Hurricane Sky, 1994) and Paint (Raami, 1997), and Crystal Lily (Stratum) winning the Golden Slipper in 2010. Having already earned $300,000 to date, General Beau only needs to finish in the first four to make the exercise worthwhile, a bet Moodie believes is worthwhile as he considers the Brazen Beau 2YO a genuine winning chance. “I don’t think he has got the credit he deserves for what he has done because he’s had to do the bullocking work up front all the time and hold them off… We really look forward to him being the chaser, not the chased [on Saturday]."