Ferguson buys Rock’s son for GBP200,000
Posted in News on Wednesday October 26th, 2005 11:46pm
From The Scotsman:
Ferguson, who had bought a half-share in Rock Of Gibraltar as a juvenile, consulted lawyers after reportedly being told by Magnier he wasn’t entitled to 50 per cent of the huge wealth likely to be generated by the horse as a stallion, a figure put in some quarters as high as £110 million.
To add a little more spice, the row was further complicated by the fact Magnier and business associate JP McManus were major shareholders at Old Trafford through their Cubic Expression Company.
After a protracted period of claim and counter claim, court proceedings looked inevitable but in March of last year, a deal was struck by the warring factions following the intervention of Celtic shareholder Dermot Desmond which is believed to have netted Ferguson a payment of almost £3 million. “It’s over now,” said the 64-year old Scot at the time, and the expensive purchase of what he hopes will be Rock Of Gibraltar Mark II would appear to confirm that.
View other posts by Administrator
