Dubai ruler continues spending on racehorses (1.95 million dollars to be precise !!!)

Dubai’s ruler Sheikh Mohammed bin Rashid al Maktoum has not let the credit crisis gripping Dubai curb his spending on racehorses, after he spent $1.95 million on eight foals at the Tattersalls sales in Newmarket, England

Bloomberg reports that the Sheikh’s main bloodstock adviser and buyer John Ferguson said: “The horse side of the business is the private enjoyment of Sheikh Mohammed, so therefore has nothing whatever to do with the government, or government funds and the restructuring.”

Ferguson said that the Sheikh Mohammed’s spending at this year’s December sale in Newmarket was around the same as last year. According to a recent report in UK newspaper The Times, the Sheikh is the biggest racehorse owner and breeder in the sport’s history, with about 700 race horses in training.

http://www.sportbusiness.com/news/171107/dubai-ruler-continues-spending-on-racehorses?utm_source=sbinsl&utm_medium=email&utm_campaign=dec3

Edit:You've got to admit the guys got guts to pull a stunt like this