Moody employs a staff of 70 people, 120 horses in training, a further 240 on his books and has a wage bill of $50,000 per week and if suspended would face $200,000 in redundancy payouts, while he would also have to move his horses, which would affect his 1100 owners.
The Caulfield-based trainer faces an administration and presentation charge after Lidari returned a level of 380 micrograms per litre of urine, in April last year, after running second in the Turnbull Stakes at Flemington last October.
Moody said after the hearing that he doesn't believe there is a fitting case to stand him down. "I have worked closely with RVL and the stewards' department to work this situation out and will continue to do so going forward.
"The submission put on the table for the training fees [percentages] to be withheld was over my head but I can assure you that every dollar that goes through my business is put back into my business to keep it going."
Legal counsel for Moody, Matthew Stirling, said they wouldn't accept for one minute that there is a strong case over the administration of cobalt and there was no evidence of Moody ever purchasing the substance.
Damien Sheales, representing O'Brien and Kavanagh, said that while the two trainers don't have the same numbers of employees as Moody, they still had considerable overheads and were subsidising their clients up to $15 a day under the recommended training fee.
Sheales said the case before the RAD Board involving his clients could take two or three weeks to run and that he would need two months to get all the expert evidence through.
"This case is more complex than others because of the number of issues," Sheales said. "This still has a long way to run and we're not talking weeks or months.
Stewards have put no timeframe on delivering their decision on the show cause notices.
- AAP
