One of Steggles national competitors, Ingham, has sold its thoroughbred breeding and racing empire to the ruler of Dubai, Sheik Mohammed bin Rashid al Maktoum. The Sheik is the most influential figure in world breeding and thoroughbred racing today. His successful bid of close to $500 million beat John Singleton and Lloyd Williams offer of $300 million by a couple of lenghts at least. For the full story please visit this link to Crickey:
http://www.crikey.com.au/Media-Arts-and-Sports/20080325-Ingham-sale-sheiks-things-up.html
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