Peter Moody’s training business will collapse if the cobalt case stops him spending $5-6 million buying yearlings in January, a tribunal has heard.
The Racing Appeals and Disciplinary Board is hearing legal arguments about what evidence may be led in the case.
Moody’s barrister Matthew Stirling does not want the hearing adjourned.
“Mr Moody if the hearing was adjourned would suffer serious irreparable prejudice because he has to get his chequebook out in January,” he told the RAD Board on Thursday.
“His business would go down the gurgler.”
The board heard Moody spends millions of dollars at the January yearling sales, even without orders from clients.
“It’s probably $5-6 million and somewhere in the vicinity of $2-3 million in the first 10 days of January,” Moody said.
Moody has pleaded not guilty to three charges after Lidari returned levels of 380mcg per litre of urine and 410mcg, well above the legal threshold of 200mcg, after his second in the 2014 Turnbull Stakes.
Mr Stirling has said a stablehand mistakenly gave Lidari large doses of oral hoof treatment Availa – at seven times the manufacturer’s recommended dose – and Moody played no part in it.
