Syndicate member seeking to halt sale of stallion

A member of a horse-owning syndicate who says he paid €26,000 for a share in a stallion claims an attempt is being made to sell the animal well below what he believes it may be worth, the High Court has heard.

Syndicate member seeking to halt sale of stallion

Ray Doyle, from Athy in Kildare, says Joseph Foley of Ballyhane Stud, Leighlin Bridge, Carlow, is about the sell Diamond Green for just €40,000, without his consent. Lawyers for Mr Doyle have suggested up to nearly €1.3m may have been paid by the syndicate for it in 2008.

Mr Justice Michael Peart granted a temporary injunction until next Monday restraining Mr Foley, his servants or agents, from entering into any agreement to sell the horse, pending further order. The injunction application was made with only Mr Doyle’s side represented.

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