Racenet ran a short piece without giving any insight into the motivation.
Gerry Harvey buys out Singo from Magic Millions
Dallas Baker Friday, 28 January 2011
The Magic Millions business relationship between John Singleton and Gerry Harvey is over after Harvey purchased 100 percent of the company.
The sales company was owned by Singleton, Harvey and Rob Fergurson until a meeting on Thursday night.
“My family and I agreed to acquire the interests of John Singleton and Rob Ferguson, to own 100 per cent of Magic Millions, for an undisclosed figure," Harvey said.
"As a result of this development, Dr Stephen Silk has resigned from his position as Managing Director of Magic Millions, effective immediately.
"David Chester will act as interim Managing Director for the company, until such time as a new Managing Director is appointed.
“The search for a new Managing Director is underway.
"We have a great team at Magic Millions and we are focussed on our upcoming yearling sales in Perth, Tasmania and Adelaide as well as the rescheduled QTIS 600 Yearling Sale in April."
Small number of comments........I liked this one.
"Gee I hope online shopping for horses doesn't come in . Poor old Gerry will really spit.Name: Email:"