Cheltenham Gold Cup favourite Kemboy could be prevented from running for the foreseeable future following a ban on entries or declarations for horses registered in the ownership of the Supreme Horse Racing Club.
The syndicator, which has risen to become a major force in jump racing through its involvement in the yard of champion trainer Willie Mullins, faces numerous allegations of financial impropriety from members.
The Racing Post has been forwarded documents and correspondence in relation to those claims, one of which is that shares in Kemboy – a triple Grade 1 winner last season – have been oversold to a significant extent.
Some former Supreme members have moved towards taking legal action, with HRI having also concluded that a number of the allegations fall outside its remit.
However, Irish racing's governing body has been seeking answers from Supreme's management over some member complaints. It first contacted Supreme in August, asking for details relating to the membership of each horse registered in the company's name, including the size of all shareholdings.
HRI has subsequently made a series of additional requests to Supreme but failed to receive any of the necessary information.
