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SBD Global/June 4, 2013/Finance

Nathan Tinkler Trys To Buy Back Some Of His Patinack Farm Set To Be Auctioned Off Friday

It looks like Nathan Tinkler will not "be walking away from the racing industry after all," according to Chris Roots of the SYDNEY MORNING HERALD. He "is set to compete with buyers from around the world when his Patinack Farm racing stock goes under the hammer as part of the reduction sale at Magic Millions on Friday." Industry insiders are predicting "fireworks" as some quality stock, highlighted by Peron, which has won five of her six starts, stayer Tremec and a number of other stakes performers is sold. The reduction sale has so far netted Patinack Farm more than A$10M ($9.8M), and while Tinkler "is scaling back his racing interests, he is expected to keep up to 30 horses in work." It is believed Tinkler "will buy through his trainer John Thompson, father Les or an agent" (SMH, 6/3).
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