King Charles has agreed to sell one of his most prized racehorses after making a tricky decision.
His colt Point of Law, whom the monarch recently watched race at Royal Ascot, will now be going to Australia.
The deal is believed to be worth millions, as Point of Law already has track earnings exceeding £130,000. However, his exact purchase price has not been disclosed.
Royal racing manager John Warren confirmed the news to The Straight, saying: "I’m sure Their Majesties will derive great pleasure following Point of Law’s continued career in Australia.
© Getty Images"Like all owner-breeders, the majority of their colts eventually do get sold on, and The King and Queen will be wishing Ciaron Maher and the new owners the best of luck for an exciting future ahead."
Point of Law came fourth in the Queen's Vase at Royal Ascot in June, but won the Bahrain Trophy Stakes.
His sights will now be set on the Caulfield Cup, under top trainer Ciaron Maher.
King Charles left visibly disappointed
King Charles and Queen Camilla watched on in June as Point of Law finished disappointingly at Royal Ascot.
Their horse, ridden by jockey James Doyle, finished in fourth place, with the race won by Limestone.
© Getty ImagesIn a video from the day, the King was seen cheering on the horse but looked disappointed as the race ended.
The race was previously won by the late Queen Elizabeth II with Estimate in 2012.
However, Point of Law has performed much better since, and has landed the King, who is currently in Scotland with Queen Camilla, a prosperous deal in the middle of his summer holiday.
King Charles and Queen Camilla's racehorses
The late Queen was famed for her love of horse racing, and now it appears her son King Charles has taken up the reins.
John Warren, who was the Queen's racing advisor for more than 13 years, said: "I'm so thrilled for the King and Queen because they're getting so much pleasure out of their horses.
© Getty Images"I never thought they would get as much pleasure as they are. I always thought the Queen might, but I didn't know the King was going to be, as he is so caught up with so many other things.
"But they get so much pleasure out of their horses, which is so nice because they give so much."
After the Queen died in 2022, the racehorses registered in her name were transferred to the ownership of King Charles and Queen Camilla.
The royal couple became joint patrons of The Jockey Club in May 2024, the largest commercial organisation in British racing.
