Peter Moody is reportedly preparing to walk away from racing in the wake of his suspension for allowing one of his horses to race with illegal levels of cobalt.
Channel Seven and Racing.com are reporting that the leading trainer will close his stables when his ban begins next week and sell his business, but Moody would not confirm the reports when he was approached at the Bendigo races on Saturday.
Moody is about to commence a 12-month ban, six months of which is suspended, after he was found guilty by the Racing Appeals and Disciplinary Board of allowing galloper Lidari to race at the 2014 Turnbull Stakes with a higher than allowed level of cobalt in his system. He was found not guilty of administering cobalt for the purpose of affecting performance.
Stewards are considering pushing for a longer suspension via the appeals process.
It is not the first time Moody, the trainer of champion mare Black Caviar, has threatened to walk away from the sport, having said last September that the cobalt saga could spell the end of him as a trainer.
It had earlier been reported that David Brideoak would serve as caretaker trainer at Moody's Caulfield stables during his suspension, which is due to megin at midnight on Thursday.