Olympic horses to be sold

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The three horses that helped Team GB Britain pass its highest post-war medal tally are expected to be auctioned off to raise money.

Valegro, Uthopia and Alf won the team dressage but they will be auctioned off for a combined total of around £20 million.

Carl Hester, who was one of the three victorious riders, said it was always the plan to ride them until the Olympics and then they would be sold.

Hester owns a number of horses at his stables in Gloucestershire and in 2004 sold his Athens Olympic mount Escapado but later regretted the move.

The horses will be sold to raise funds for his business partner Sasha Stewart whose interests in Ireland have been hit by the economic downturn.

Hester continued: "I always thought [Uthopia] would release me from a lifetime of slavery to work. I always thought, ‘You will be the one that pays off my mortgage and finally frees me from those shackles'."

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