Kia Joorabchian set to buy Sir Michael Stoute’s historic yard as Amo Racing continue astonishing spending spree
KIA JOORABCHIAN is set to be the new owner of Sir Michael Stoute’s Freemason Lodge.
The ambitious chief of AMO Racing has splashed the cash to buy Stoute’s historic yard in the heart of Newmarket.
Sir Michael Stoute at the historic Freemason Lodge back in 2010[/caption]
A deal is believed to be accepted, with the paperwork and legal formalities currently ongoing.
Joorabchian, who has made millions as a football agent, has had new cash injected into his operation by Nottingham Forest owner and pal Evangelos Marinakis.
The pair recently splurged £4.4m at the Newmarket Sales on just one horse, while Joorabchian spent a jaw-dropping £12m at the Book 1 Sale last month.
Ever since starting AMO in 2003, Iranian-born Joorabchian has been desperate to take on the establishment and the purchase of Freemason Lodge is a statement of intent to do just that.
THIS IS A DEVELOPING STORY..
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