Sheikh's stable not affected

Sheikh Mohammed's bloodstock adviser John Ferguson has insisted the ruler of Dubai's spending on racing and breeding would be unaffected by the financial crisis facing the emirate.

On Wednesday, Dubai World, a Dubai government-owned conglomerate, asked for a six-month moratorium on a $84.30 billion debt that sparked a global stock market fall.

Any significant cutback in investment by the Dubai ruling family would have a disastrous impact on the bloodstock business, the Racing Post reported.

Sheikh Mohammed runs the Godolphin racing operation and owns the world's largest stallion and breeding operation.