Irish News

Monday 14 July 2014

Family sues to halt sale of racehorse valued at €400,000

Tim Healy

Published 22/11/2012|05:00

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A family has gone to the High Court to prevent the sale of a racehorse worth an estimated €400,000, claiming they own a 20pc stake in it.

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Michael O'Reilly, his brother Martin and Martin's partner Claudia Reiss claim part ownership of Tashzara, whose brother Excelebration was one of the top milers in Europe this year.

In proceedings against Edward Logan Jnr and his wife Edel Logan, they are seeking an injunction preventing the mare being offered for sale at Goffs tomorrow and Tattersalls in England next month.

The court heard that in correspondence from solicitors for Mr Logan, of Naas, Co Kildare, it was denied that he is the owner. It was claimed Mrs Logan is the owner, and it was denied that the three plaintiffs have a share of Tashzara.

The three are also seeking a declaration from the court that they own a 20pc share of the horse.

Lawyers for the O'Reillys and Ms Reiss told the court their clients were given a share of the horse following an oral agreement in January 2009 between them and Mr Logan.

Breakdown

For a 10pc share, Michael O'Reilly, of Ruanbeg Manor, Kildare, was to manage Tashzara's affairs. For exercising, feeding and getting Tashzara ready to race, Martin O'Reilly, a retired jockey, and Ms Reiss, of Clonanny, Portarlington, Co Laois, were to receive 5pc each.

The court heard there was a breakdown in the relationship between the O'Reillys and Ms Reiss and the Logans over a dispute regarding fees.

Permission to bring the proceedings was granted on an ex parte (one-side only) basis by Mr Justice Paul Gilligan who made the case returnable to today.

Irish Independent

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