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Filipino brewing magnate Eduardo Cojuangco’s Australian racing manager “has hosed down speculation that his boss is about to wind down his racing interests in this country,” reported The Australian newspaper.

Talk of Cojuangco’s brewery San Miguel scaling back sponsorship of Sydney racing & his inactivity at the recent Sydney Easter yearling sale “sparked rumours of him easing out of his extensive racing & breeding interests.” But Andrew Baddock, who manages Cojuangco’s thoroughbred involvement (under the Gooree Pastoral Company Syndicate banner) said yesterday the racing & breeding arm was merely undergoing a “consolidation” phase.

Gooree, based at Mudgee in NSW, has more than 400 horses (broodmares, racing stock, yearlings & weanlings.) Baddock summed up: “Mr Cojuangco left for the Philippines after the Randwick races last Saturday & was very happy. We have booked 120 broodmares into 30-odd stallions, so we’re not slowing down. This talk has probably stemmed from Mr Cojuangco not buying at Easter.

There is nothing untoward; he is just looking to consolidate his interests after a successful carnival. He didn’t go to the Easter sales because he wanted to prevent a rush of blood. If he’d gone, he would have seen something he liked & started bidding.”

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