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Horse owner appeals €400k judgment in Coolmore case

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Some of Mr Jamgotchian's mares had been bred with a raft of stallions from Coolmore

Some of Mr Jamgotchian's mares had been bred with a raft of stallions from Coolmore

Some of Mr Jamgotchian's mares had been bred with a raft of stallions from Coolmore

A high-profile Californian horse owner has appealed a near €400,000 judgment secured against him by companies linked to John Magnier's Coolmore Stud.

Jerry Jamgotchian was ordered last April to pay stud fees owed to the Coolmore firms. Some of his mares had been bred with a raft of stallions from Coolmore, including well-known equine legends such as Rock of Gibraltar.

That hugely successful horse was embroiled in a major ownership battle between Coolmore and former Manchester United boss Alex Ferguson over a decade ago. Mr Ferguson had claimed he owned a share in the horse and was entitled to a share of stud fees.

He was eventually paid a settlement on condition he renounced all claims to Rock of Gibraltar. Mr Magnier was at the time a major shareholder in Manchester United.

Mr Jamgotchian was sued by a number of Coolmore-related companies. It was claimed that he had bred his mares with Coolmore stallions including Holy Roman Emperor, Excellent Art and Ad Valorem. Pairings with Ad Valorem cost €9,000, while the stud fee for Rock of Gibraltar was €35,000. There were fees of €50,000 due for services provided by stallion Dylan Thomas.

But the Coolmore firms claimed that fees had remained unpaid by Mr Jamgotchian.

In April, those companies secured a judgment against Mr Jamgotchian in a California court to cover the cost of those unpaid fees as well as interest. That order confirmed a 2010 arbitration case that had been won by the Coolmore firms. That arbitration case took place after the Coolmore-linked entities petitioned the Council of the Thoroughbred Breeders' Association.

Mr Jamgotchian had petitioned the California court to lower the 8pc interest rate it levied on the award and also to reduce the exchange rate the award was subject to. Both of those petitions were rejected.

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