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Coolmore, the global racing operation Magnier Snr runs, own the horse. It seems unlikely the gallery will be able to raise the 50m it needs to buy the Sir Joshua Reynolds painting Portrait of Omai, which Magnier bought in 2001, by the deadline of March 10th. News Group Newspapers Limited in England No. Eugene Murtagh founded building materials manufacturer Kingspan Group, which primarily sells insulation products for commercial and industrial projects. "They're all living around the place, B&Bs and all kinds. Magnier has also been a Senator in the upper house of the Irish Parliament, Seanad ireann. In Fethard (pronounced feathered), a community of 1,400 people in South Tipperary which has derived economic benefits from Coolmore's fame, Magnier is known as 'The Boss'. John Magnier (born 10 February 1948; also known as "The Boss") is an Irish business magnate. 2 Patrick and John Collison: 5 billion (Up 2.6 billion) The Limerick-born Collison brothers established their online payments company Stripe in 2010. Compltement Cram ! Oleg Sheyhets, 38, travelling head lad to trainer Chris Wall, told Sun Racing how it felt to see his country ravaged by war. But the real profits came from the stallions, like Alleged, says The . O'Brien and his wife, Annemarie, have four childrenJoseph, Sarah, Ana and Donnachaall of whom became jockeys. Polynesian to visit Britain, John Magnier is best known for his horse racing success but he and his wife Susan are also shrewd art investors. As always you can unsubscribe at any time. Emma McManus, pictured, died in Sandy Lane, Barbados on December 30, 2020, A memorial service for the mother of three was held earlier this month in Barbados, An inquest into Mrs McManus' death was opened in Barbados earlier this week. George Washington was replaced at stud by another son of Danehill, Holy Roman Emperor, removed from training at the start of his three-year-old season. "His eureka was to do it as a business, not a pastime." Magnier began his association with Coolmore in partnership with his father-in-law and champion racehorse trainer, Vincent O'Brien, and Vernon's Pools magnate, Robert Sangster. When you sign-up via Mobile using promo code P40 and place a bet of 10/10 or more we will give you 4x 10/10 free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. 10 Deirdre andMark Lyons: 1.7 billion (No change) Deirdre Lyons co-founded American company Alltech with her husband, Pearse, in 1980 to help farmers with nutritional innovation. The strength of thoroughbred talent residing at Coolmore is indicated by the fact that eleven of the fifteen winners of the blue riband of the turf, The Derby, between 1998 and 2012 were sired by Coolmore stallions (High Estate, Fairy King, Grand Lodge, Sadler's Wells (two), Danehill, Montjeu (four) and Galileo). He cooked a Tahitian barbecue over hot stones at a party for Lord Sandwich at Hinchingbrooke House. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Coral: Eligible UK+IRE players. They also own Associated British Foods, which itself owns the clothing chain Primark/Penneys. He bought a stake in the Irish Glass Bottle Company in 1998 and transformed it into Ardagh Group, which is a glass and metal containers giant. Magnier picked up his share of a cool $9m when the Minstrel (bought for $200,000 in 1975) was sold back to America for stud. He owns the five-star Adare Manor golf resort, and often invests alongside John Magnier. Born in 1948, the son of "well to do" farmers, he grew up near Fermoy in County Cork where his family had been breeding horses since the 1850s. Magnier was learning that even with a Northern Dancer in his bloodline, every yearling is a longshot. Before long, he was commanding some $80,000 for each mating, and covering a minimum 40 mares a year. The dispute concerned a racehorse named Rock of Gibraltar - the winner of 10 of his 13 races and part-owned by Magnier's wife Sue and a certain Sir Alex Ferguson. Streaming Complet VF. But he denied telling the coroner in a phone call that he had taken cocaine. He also has interests in the Galway Clinic, Blackrock Clinic and Hermitage Clinic. No cash-out, restrictions & T&Cs apply. To inquire about a licence to reproduce material, visit our Syndication site. In practical terms, packaging Omai and flying it halfway around the world every six months would have been cumbersome, expensive and potentially damaging to a 250-year-old oil painting. With the painting languishing in storage, a deal was worked out between the Tate and businessman Lochlann Quinn, then chairman of the National Gallery of Ireland, to loan it to Dublin for six years. The trainer added: "It's shocking what's going on, isn't it? William Hill: Bet 10 Get 40 in free bets - CLAIM HERE, Paddy Power: Bet 20 and get it back as Cash if it Loses - CLAIM HERE, Sky Bet: Bet 10 on Racing and get 30 in free bets - CLAIM HERE, William Hill: 18+. Retrouvez toutes les news et les vidos de la srie Black Santiago . We are no longer accepting comments on this article. The 68-year-old Swiss-based tax resident conducts the bulk of his operations from Geneva. "You couldnt get two closer nations. The British government-funded National Heritage Memorial Fund (NHMF) has made a provisional offer of 10m towards the acquisition, but stresses that a final decision has not yet been made. He is Ireland's leading thoroughbred stud owner and has extensive business interests outside the horse-breeding industry. It had hung for over 200 years in Castle Howard in Yorkshire, where the TV adaptation of Brideshead Revisited was filmed. Get the latest business news and commentary from our expert business team in your inbox every weekday morning, Spotlight on Fox News after Murdoch admits hosts endorsed Trumps election lies. to be the most influential man in horse racing and breeding worldwide, even over Sheikh Mohammed bin Rashid Al Maktoum. Given that a horse can produce offspring well into his 20s, the partnership reckoned on making some $80m from Alleged's earnings alone - money that was swiftly channelled into more top prospects. All rights reserved. Emma was rushed to Sandy Crest hospital in Holetown, on the island's west coast, where he was told 'she was gone. He would go on to become a founding father of the Coolmore breeding operation whose influence in horse racing is felt all around the world. McManus responded: 'I wanted to considering there is a certain amount of interest from people on the outside. Sheikh Mohammed, pictured, and John Magnier contribute nine of the 19 runners in Saturday's Derby at Epsom. Free bets only redeemable on horse racing. Want to be on the ball with all of the latest football news? It may hang in Coolmore Stud in Co Tipperary, or the Magniers could put the painting on the international market, where it could fetch in excess of 50m. Magnier owned a 28% stake in United until selling the shares to American businessman Malcolm Glazer in 2005. Kingspan has grown through acquisitions and has 100 manufacturing facilities in some 70 countries. This means that we may include adverts from us and third parties based on our knowledge of you. Virtual markets excluded. Portrait of Omai, by Joshua Reynolds, depicts Omai, who became a celebrity as the first Pacific Islander to visit Britain. John Magnier Shows Support for Justify Down Under The son of Scat Daddy was shown off Aug. 19 during Coolmore Australia's virtual show. Demand for this commodity jumped in 2020, sending prices skyward. 11 Sir David McMurtry: 1.47 billion (Down 50 million) McMurtry co-founded UK-headquartered precision engineering business Renishaw. I did not say that. The winner of the Ferrari Roma had to buy a horse and see it win one of 16 selected races. The Irishman's son, John Patrick Magnier, is due to ride the much-fancied Rhinestone Cowboy in the Smurfit Champion Hurdle, the big race on the opening day. Murtagh, chairman of Kingspans board, stepped down as CEO in 2005, passing the baton to his son Gene. If that is what you picked up, you misheard and I would welcome to prove my innocence to take a test.'. See a gallery of the world's most expensive paintings, Leonardo da Vincis Salvator Mundi sold for $400 million at Christies ($450.3m, including auction house premium), One of four versions of The Scream created by Munch and the only one that is privately owned. Justify covers around 200 mares a year at a cost of 83,000 a go. Before long, the duo had recruited "training genius" Vincent O'Brien to the fold and, in 1975, they took over Coolmore Stud in County Tipperary. We have been reassured that the owners will accept a matching offer and we have no reason to doubt this.. Spending just over 800 to purchase NI credits today could add 5,500 a year to your pension pot in future, but you'll need to act fast as time is run, Subscribe to MoneyWeek now and get your first six magazine issues absolutely FREE. Her husband told the service: 'No words can describe the pain and sense of loss that I feel since my beautiful Ems passed away. The son of horse racing tycoon John Magnier, Tom, much like his old man, is not one to seek . John Magnier Locals oppose Magnier plan for hotel extension close to the Rock of Cashel Cashel normally supports billionaire family but development raises a range of concerns including that. Given that a horse can produce offspring well into his 20s, the partnership reckoned on making some $80m from Alleged's earnings alone - money that was swiftly channelled into more top prospects. We have family in Russia, the Russians have family in Ukraine, we would never want to fight with one another. January 25 2019 03:45 PM John Magnier is synonymous with winning. A Magdalene laundry and its clients: Holles Street, Fitzwilliam Tennis Club, Captain Americas, Conor OBrien inexplicably and shockingly shot dead by Earl McKevitt over pizza delivery error, Before I would have held my husbands hand walking around the streets. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. and I jumped on the bed and I kind of slapped her in the face initially,' he said. Which potatoes are the best for chips? 13 Eugene, Gene and Paul Murtagh: 1.44 billion (Up 242 million). In their first year of operation, they raised some $4m to spend on stock, and in the second year $6m, says The New York Times. In 2012, O'Brien and Joseph became the first father-son/trainer-jockey pair to . Something went wrong, please try again later. Both have stakes in UK-based Barchester Healthcare and Britains largest pub company, Mitchells & Butlers. Only horses among the yearling crop of star stallion Justify - the unbeaten superstar of US racing who won connections 2,813,333 - were eligible. Her eldest son, John, left school to help with the smooth running of the stud and farm. His racing empire, which became arguably the most successful on the planet, is nowadays powered by a huge string of blue-blooded thoroughbreds trained at Ballydoyle by Aidan O'Brien, plus dozens of others in the care of a number of other trainers. He woke around 8am and went into their bedroom where he saw Emma propped up against pillows, 'like she had been awake and had propped herself up'. However, he had to figure out who was going to get the car soon after. Magnier picked up his share of a cool $9m when the Minstrel (bought for $200,000 in 1975) was sold back to America for stud. A decision on the licence was deferred for four months, to see if anyone in Britain would express a serious intention of buying it. 3 x 10 bet tokens. BILLIONAIRE racing titan and former Manchester United owner John Magnier watched as his son gave a lucky horse trainer the keys to a brand new 250,000 Ferrari. Champion trainer Aidan O'Brien said: "Mr and Mrs Magnier have brought over all their families and put them all up. [citation needed] His aunt Mary Elizabeth Hallinan married Rupert Watson, 3rd Baron Manton, Senior Steward of the Jockey Club 198285,[3] effectively the chief executive of the British horse racing industry. 'I was never in a state of distress like that before. Certainly, conditions in Ireland in the early 1970s couldn't have been better: in 1969, finance minister Charles Haughey had pushed through legislation giving stud fees tax-free status. Joshua Reynolds Omai is an outstanding work of art which has already spent more than five years overseas and I do not want to see the regime being undermined by repeated use of temporary licences, he said at the time. The 1775 painting is one the United Kingdoms national treasures, showing Omai, a South Sea islander brought back to England in 1774 by a sea captain who had sailed with the explorer Captain James Cook. By Tom Peacock/Racing Post; August 20, 2020 The bloodline that Magnier selected was that of Northern Dancer, an "explosively fast" stallion whose offspring were causing a sensation on US race tracks. "They are both fast, red, powerful and incredibly stunning.". McManus admitted telling Island Coroner Graveney Bannister that they had been partying in the hours before mother-of-three Emma was found slumped in the couple's bed at their home on the world-renowned Sandy Lane estate between Christmas and New Year. He moved to Ireland in the mid-1990s. When the owner of a culturally important artwork wants to take it out of the UK, a licence must be sought, and the government can impose a temporary stop, to allow British buyers a chance to purchase it for an agreed price. However, that has been the position for some time, and the gallery has been fundraising for almost a year. A Magdalene laundry and its clients: Holles Street, Fitzwilliam Tennis Club, Captain Americas, Conor OBrien inexplicably and shockingly shot dead by Earl McKevitt over pizza delivery error, Before I would have held my husbands hand walking around the streets. Racing has tried its best to do its part to help the humanitarian crisis. Sat Feb 18 2023 - 06:11 Within weeks, billionaire John Magnier, best known for his horse racing interests, will have freedom to take one of Britain's finest treasures abroad, or else to enjoy a. He is the sixth generation of a livestock and meat-exporting family and founded what is now ABP Food Group in 1954. McManus, who was accompanied in court by his mother Noreen, responded: 'I will stand here in this court room and happily take a test for it and prove that I am right and what you are saying is wrong. Indeed, Galileo is regarded as the daddy of all sires, and was valued at an eye-watering 1billion at the time of his death in July 2021. The reclining nude was re-sold in May 2018, for $157.2m. When the National Portrait Gallery said it intended to do so, the decision on the licence was deferred for a further eight months, to March 10th. For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Annabel Neasham proudly poses with her brand new 250,000 Ferrari gifted to her by the son of former Man Utd owner John Magnier, Magnier co-owned the horse who won - but rather than keep the car to himself he gave it away to the woman who trained the runner, Former Man Utd owner Magnier poses with legendary Old Trafford boss Sir Alex Ferguson - the pair are now rivals on the racecourse, Former Man Utd owners son gives away 250,000 Ferrari with colossal power to lucky horse trainer, Meet the F1 Wags of 2023, including supermodels from Brazil and Italy, as well as a Chinese professional golf star, Watch shredded Jake Gyllenhaal film scene for Roadhouse with Conor McGregor at UFC 285 weigh-in and fans go crazy, Mason Greenwood's England future revealed after he turned down opportunity to play for another country, Achraf Hakimi denies rape accusation alleging he's victim of 'racketeering' plot as wife 'dumps' the PSG star, Man Utd sale moves closer with major meetings in days as Ratcliffe and Sheikh Jassim make it to second stage, Chelsea's shocking demise laid bare as stunning Fred stat shows just how far Blues are behind Man Utd and Co, Man Utd boss Erik Ten Hag's surprise secrets to success revealed, with boring 11 vs 0 training games and afternoon naps, Independent Press Standards Organisation (IPSO), Establishes time and monetary limits before playing, Only gambles with money they can afford to lose, Doesnt gamble if theyre upset, angry or depressed. When news of the Omai loan emerged in 2005, the Department of Finance changed the required length of the loan from six years to 10, but it confirmed that the change would not be applied retrospectively. Omai represents an unlikely reversal of fortune. John owns the world's largest breeding operation of thoroughbred racehorses famed for making millions in stud fees and sending out countless winners on the track. You'll receive an email with all of the top news stories every single morning. Magnier is giving away a 250,000 Ferrari to the owner of a Justify yearling who goes on to win a race. Photograph: Dara Mac Donaill / The Irish Times. The amazing initiative was the brainchild of Tom Magnier. Places are being done up for them.". Less successful at Coolmore was George Washington, winner of the 2,000 Guineas and Queen Elizabeth II Stakes in 2006. In 1777 he returned to Huahine on Cooks third great voyage, settling in a western-style house and garden built for him by Cooks men. In the words of Nicholas Cullinan, director of the National Portrait Gallery, this work is amongst the most important acquisitions we as a nation could ever make and will be remembered for generations to come., The charity does not agree that fundraising has stalled. Champion sires to have stood at Coolmore include the incomparable Sadler's Wells who was leading sire (by prizemoney won) in Great Britain and Ireland in 14 of the 15 years between 1990 and 2004, though his success in his later years was somewhat eclipsed by the astonishing exploits of three other Coolmore stallions, namely Danehill and his own sons Galileo and Montjeu. Portrait of Omai was seen briefly in London as the highlight of a Reynolds exhibition at Tate Britain in 2005. 3 John Dorrance: 2.6 billion (No change) Dorrance is the American-born grandson of the creator of the formula for Campbell's condensed soup. The 70-year-old is at the heart of the world-famous Coolmore Stud and also holds stakes in UK nursing home group Barchester. Stud fees aren't always disclosed in the often hush-hush world of horse racing, but at his peak Coolmore were charging a rumoured 600,000 for Galileo to . But the real profits came from the stallions, like Alleged, says The New York Times. Ironically, when the 18th-century Omai painting was put on the market in 2001, it was because the then owner, Simon Howard, faced a huge tax bill after his divorce. Alex Ferguson and John Magnier's war over Rock of Gibraltar ended up sinking Manchester United Premium. What odds on a Joshua Reynolds eventually racing in the Coolmore colours? . Magnier has also been a Senator in the upper house of the Irish Parliament, Seanad ireann. Their wealth has enabled a life of luxury, and that reportedly included Tom purchasing a home on Wolseley Road, a location known as Australia's most expensive street. Man had sex with his wife on bollard in protest after it had been erected by neighbour to stop him parking What happens when classic cars sell for too much? Born in 1948, the son of "well to do" farmers, he grew up near Fermoy in County Cork where his family had been breeding horses since the 1850s. "Buildings are being destroyed, everything is on fire, theyre blowing up roads and bridges. I've had enough of life': Grandmother, 86, is reduced to tears after killjoy Tory Hairy Bikers star Dave Myers speaks out on his deep depression after chemotherapy which left him having Top equestrian rider, 39, once known as the 'golden girl' of horse eventing, is facing jail after being My boss is furious I didn't give my first class seat to her and left her stuck in economy - despite the fact How the 'cha cha' will do wonders for your bowel and cabbage juice is a miracle cure. He is Ireland's leading thoroughbred stud owner and has extensive business interests outside the horse-breeding industry. Trainer John Berry ran a horse in the colours of the Ukrainian flag, the Jockey Club have made a big donation to the Red Cross and the BHA are set to investigate and clamp down on Russian investment in the sport. Today, Alltech is a $2 billion company, with more than 5,000 employees supporting its business presence in over 120 countries. Magnier is said[by whom?] The business plan was based on Magnier's conviction that the big pay-off in racing no longer lay in prize money, but "in the breeding barn". But the real profits came from the stallions, like Alleged, says The New York Times. Paypal & some deposit & bet types excl. 16 Paul Coulson and family: 1.1 billion (Down 504 million) Coulson founded investment and aircraft leasing firm company Yeoman International Group in 1982. How he found the cashThe catalyst that lifted the young Magnier into the big time was his friendship with Robert Sangster, heir to the Vernon football pools fortune. The solution they came up with was syndication: striking deals with rich US investors not only helped them raise bids, but also spread the risk. Tom Magnier is the heir to John Magnier's fortune. Renishaw distributes products from 77 locations in 35 countries, and supplies high-tech laser components used by drones and self-driving cars. Compltement Cram ! Coolmore is run by John Magnier, one of the richest men in Ireland - that is, when he is in Ireland. Sun Racing told you how he launched the incredible bonus scheme last summer. To inquire about a licence to reproduce material, visit our Syndication site. View our online Press Pack. "The Russian soldiers have been running out of food and have been robbing shops. "The softest thing about Magnier," it is often said, "is his teeth." They dont care what they hit with their missiles. But the partnership found it next to impossible to buy into his gene pool: "the Americans always outbid us", said Sangster. Ardagh raised about $319 million (295 million) in net proceeds from an initial public offering on the New York Stock Exchange in 2017. "It's a lot of people and it was tough getting them out.". Today, his main business is in telecommunications with Digicel, which operates in 31 markets, mostly in the Caribbean, Central America and the Pacific islands. The men stayed behind. The Moriarty Tribunal subsequently found O'Brien made payments to government minister Michael Lowry who "delivered" the licence for O'Brien. The son of former Manchester United owner John Magnier stands to inherit a vast fortune thanks to the family's horse racing empire with breeding operations in Australia, Ireland the United States, For the latest from the pitch sign up for our football newsletter. No free bet expiry. Compltement Cram ! 'I looked at her and I was like, "Oh my God!" The motor is said to 'represent the pinnacle of performance' and boasts a turbo-charged V8 engine. Its terrifying and people still cant believe what Putin has done. Since the best bloodstock was to be found in America, they would buy up the best yearlings there, bring them to Ireland, race them, and develop them into prize stallions at a tax-free profit. She was the very centre of our family and the person who the kids and I turned to for everything.'. Deuchar believes Portrait Of Omai would play a pivotal role in the British national collection: In public ownership, it would tell a series of stories across a range of museums Tate, the National Gallery, the National Portrait Gallery, the Natural History Museum, and even the British Museum. He screamed for someone to bring a defibrillator and his mother, the wife of billionaire JP McManus, and a chef ran into the bedroom. Bookmark. John McManus was 'taken home' around 4am and 'put on a couch to sleep'. A settlement was eventually reached out of court and John subsequently sold the Red Devils to the Glazer family. having been brought back T&Cs apply. The businessman and his wife, Susan, are known to be shrewd art investors. This is what Tessa Blackstone, the then British arts minister, did in December 2002, putting a value of 12.5m on the Reynolds painting. 1 Hilary, Alannah and Galen Jr Weston and family: 11.93 billion (Up 512 million) At the top of the table are the Westons, who run a transatlantic retail empire from Europe to Canada, which includes businesses such as Penneys, Brown Thomas, Selfridges and Fortnum & Mason. View our online Press Pack. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. by Captain Cook on board England and Wales company registration number 2008885, Investment trusts are one of the best ways to participate in the stockmarket, and the way they are structured means they can maintain their dividends , Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UKs blue-chip index. HMSAdventure. ', 'And you spoke to an official in the coroner's office and you wanted to know how soon you could have a burial for your beloved wife.'. ONE OF John Magnier's five children, John Paul, was christened by the Pope. BEL MOONEY:Why does caring for my dad take over my life? My dad is 58 and will probably have to fight, and my mum wont want to leave without him.". Magnier later moved to Fethard, County Tipperary, where he transformed Coolmore Stud into a multi-million-euro international business. When Magnier died in 1962, she raised their four children. The wags point out that the ceremony only took place at the Vatican because the weather was too bad for the Pope to land in Fethard. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Before long, he was commanding some $80,000 for each mating, and covering a minimum 40 mares a year. 'You said you had a little cocaine,' Graveney told McManus. A decade ago we set up the MoneyWeek portfolio of investment trusts.. Opening up on why he chose a Ferrari for the promotion, Magnier said: "Ferraris and Justify have so much in common. will go to post in Godolphin's royal blue, backed up by his son's runner . Ireland's greatest sporting moments, ranked from 10 to one Premium. Murdaugh is heckled as he leaves court, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Missing hiker buried under snow forces arm out to wave to helicopter, Hershey's Canada releases HER for SHE bars featuring a trans activist, Insane moment river of rocks falls onto Malibu Canyon in CA, Fleet-footed cop chases an offender riding a scooter, Family of a 10-month-old baby filmed vaping open up. Rewards valid for 30 days. A temporary export licence later allowed it to be shown in Dublin for five years. The fund revealed that one proposal was for the National Portrait Gallery and the Getty Museum to jointly buy Omai, and rotate its display between London and New York. In June 2020, a fresh application for a permanent export licence was made, and considered the following June by the independent reviewing committee which advises the secretary of state on whether a cultural object is of national importance. The reviewing committee has called it arguably the greatest portrait by one of the greatest British portraitists. ', Mrs McManus was the daughter-in-law of renowned horse owner JP McManus, pictured. [Locals oppose Magnier plan for hotel extension close to the Rock of Cashel]. Most are reliant on bequests and long loans by collectors. Stripe handles billions of dollars in transactions each year and counts the likes of Amazon, Uber, Booking.com, Deliveroo and Google among its customers. 'I was in a state of utter panic,' McManus told the inquest. The controversy around the art philanthropy of the Sackler family who are at the heart of the opiate drugs scandal in the United States has made curators more wary of accepting large donations, so the potential pool of donors is smaller than before. Omai returned to Britain, as agreed, in 2011. Theres been Munnings, Yeats and Amedeo Modigliani. The secret WhatsApp mode that lets you EDIT texts after you've sent them. Significantly, though, the 1.2m purchase on Tuesday was the result of a bidding duel between John Gosden, representing Godolphin, and John Magnier's son, MV Magnier, which carried the. His social status was confirmed when the painting was unveiled at the Royal Academy in 1776, alongside another recently completed work by Reynolds, Portrait of Georgiana, Duchess of Devonshire. Russian leader Vladimir Putin's efforts to invade the country appear to have stalled with his forces losing thousands of vehicles. A high-profile venture was his stake of 28.89 per cent shareholding in football club Manchester United F.C., which was sold in May 2005 to Malcolm Glazer, an American businessman. Nonetheless, Magnier's family background and racing connections stood him in good stead, says the Irish Independent. As director of Tate Britain, Deuchar was instrumental in the original 2003 campaign to acquire Omai, and in subsequent appeals to Magnier to allow the portrait to be exhibited in the UK. The business was subsequently floated on the stock market, raising 6 million at the time. The business plan was based on Magnier's conviction that the big pay-off in racing no longer lay in prize money, but "in the breeding barn". Son of horse racing magnate JP McManus 'took cocaine' on night of partying before being 'taken home and put to sleep on couch' - then woke next morning to wife Emma dead in bed at their Barbados. David McWilliams: Will unionism opt for sub-par living standards over an economic reset? The following year its owner applied for a temporary export licence to take the painting out of the UK for 15 months, but the arts minister, Ed Vaizey, refused.