Why did King Charles 3 need to sell his mother’s Racehorses?
Queen Elizabeth II, mother of King Charles 3, earned £590,000 last year from her favorite racehorses.
It turned out that King Charles II, who took the throne at the age of 73 after his mother, Queen Elizabeth II, died on September 8, will sell his mother’s horses.
According to the British press, King Charles has decided to sell the 12 racehorses he inherited from his mother, breaking the royal tradition that has lasted for years. Horses to be auctioned include race favorites Just Fine and Love Affairs.
A source from the Royal said that horse breeding activities have been slowed down, saying, “The royal horse farm could be a museum in three years. This is embarrassing,” he said. Noting that the relationship between the royal family and the horse racing industry will likely continue, the source said, “Still, it will not be the same because the Queen was passionate about horses.”
King Charles, who owns at least 60 racehorses, reportedly plans to gradually reduce that number. Newborn foals are also expected to be sold at high prices.
Queen Elizabeth made £590,000 last year from her racehorses, in which she invested heavily.