The Smith/Waterhouse family stables at Randwick has been sold to a group of Hong Kong investors for an undisclosed sum, which is financial jargon for “a whole bunch of money.”
Gai and her husband Robbie (son of Big Bill Waterhouse) are attempting to seem their Mosman manse and spending the bulk of their time on a farm west of Sydney.
The departure of foreman Mark Newnham has added additional fuel to the speculation. He would only offer that somewhat vague assessment that Australia’s most famous trainer had tired of dealing with the business side of the stable and wanted to pursue a setup where she could focus on the horses and their connections.
Newnham was cast aside for Adrian Bolt, whose father Tony Bolt is connected with Hong Kong breeding interests. Newnham plans to take out his own training license.
It could be a case that Waterhouse is dejected over seeing her once dominant stable overtaken by big players Chris Waller and Godolphin. She did recently visit the winner’s circle at Canterbury with Kiss and Make Up that she trained for John Singleton, the first horse she has prepared for him since they parted ways acrimoniously three years ago.