At the gallop

Sheikh Mohammed is making waves Down Under after spending half a billion dollars on Australia's biggest horse breeding stud:

AUSTRALIAN horseracing's most lavish supporter, Bob Ingham, has sold the vast Woodlands Stud to the ruler of Dubai for more than $460 million.

Sheik Mohammed bin Rashid Al Maktoum is the world's biggest owner of thoroughbreds, and the deal means he will dominate the breeding and racing of thoroughbreds in Australia through his Darley Stud.

Darley will take Woodlands' 1000 horses, two studs, a pre-training farm and racing stables in Sydney and Melbourne.

The deal is subject to approval by the Australian government which will take another month.