The shocking act by Bart Cummings' son that could see the late trainer's formidable racing empire crumble
Bart Cummings' racing empire is in the spotlight after the training business of his son Anthony was placed into liquidation with debts of more than $2million. A liquidator's report by insolvency business DW Advisory has been submitted to the Australian Securities and Investments Commission (ASIC), stating that Cummings' RossCarbery Holdings business collapsed with '$4.2million claimed by unsecured creditors.' Almost half of that amount is loans made to the company by Cummings, his wife Bernadette and a third related party, Anthony Cummings Thoroughbreds.
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