Long-time Sydney-based syndicator Elite Thoroughbreds has been placed into liquidation, with the fallout expected to cause a ripple effect across the NSW industry.
Run by Adrian Allen for more than 15 years, Elite Thoroughbreds was put in the hands of liquidator Aston Chace Group on October 22, according to an Australian Securities and Investment Commission notice issued last month.
The Straight has been told that the sudden move has left some Elite Thoroughbreds clients at risk of losing investment in shares in 2026-acquired yearlings.
Some Elite Thoroughbreds clients have also alleged they are owed prize money won by…