The owners of Olympic gold medal winning dressage horse Valegro are looking to form a syndicate to buy 49% of the horse in an effort to keep him in Britain.
Valegro won individual and team gold with Charlotte Dujardin at London 2012.
Horse and Hound reported that owners Carl Hester and Roly Luard are looking to raise £2.5 million by the end of the month to buy the 10-year-old Negro gelding, known as Blurberry at home.
H&H said Luard had indicated that large sums had been offered for Valegro from Europe. “But in order to keep him on home ground with the same rider and trainer, we are willing to compromise the price we could receive for him,” she said. “Carl is further willing to underwrite the day-to-day costs of keeping Valegro.”
The magazine reported that the first syndicate members had pledged £500,000 and they are looking for others who can invest.
Should Valegro stay with Hester in Newent, Gloucestershire, his long-term aim would be the Rio Olympic Games in 2016.