Peter Moody intends to operate a boutique stable from Pakenham before the end of this season as the former champion Victorian trainer seeks to move on with his life.
Moody’s return to racing has been the subject of widespread speculation for weeks and after initial denials, Moody confirmed news of his return on Saturday.
“It wasn’t a secret, I would have just preferred to have got all my ducks in a row before announcing it – one having a stable firmed up, two having a training track to train on and three actually having a licence,” Moody said.
“I’m all at the behest of Racing Victoria, the Pakenham Racing Club and my family.
“I’ll make an application to initially train from my property in South Belgrave where we can house 10 to 12 horses with a view to having a Pakenham training complex signed, sealed and delivered which will be hopefully up and running around April or May.”
Peter Moody, picture Sportpix.com.au
Moody sensationally quit training when suspended for six months in March 2016 when found guilty of unintentionally administering Lidari with excessive levels of cobalt before the 2014 Turnbull Stakes.
The former trainer of the unbeaten superstar Black Caviar said his decision to return to training was motivated by several factors, primarily economic.
“It cost me too much to have my horses trained by people doing a job that I could do myself,” Moody said.
“At the time (of quitting in March 2016) I said I would like to see a change at the top of Racing Victoria and we’ve seen that.
“That was my opinion, everybody else was able to work with them so everybody else can’t be wrong and myself right so I’ve got to respect that.
“There was a splinter in my arse, that was four years ago, its festered and fallen out so its time to get on with life.
“I love the industry, there’s a lot of positives. Prizemoney is up 84 per cent in the last decade and you’ve got a genuine chance of a financial return on investment.”
Moody is currently purchasing yearlings at New Zealand Bloodstock’s Karaka Sale for himself and clients which include Rosemont Stud and Wylie Dalziel Racing.
“My hope is with training a small, select team it will still enable me to do my bloodstock work for close friends and confidants,” Moody said.
“I won’t be predominantly training their (Rosemont and Wylie Dalziel Racing) horses, I’ll train the odd one for them here and there but I’ll still work closely with them.
“I’m looking at mainly training my own horses and a few for clients who’ve been there since the day I basically started.”
Moody also hopes to continue his work in the media through Ladbrokes and Channel 10.
“I’m still under contract with Ladbrokes who’ve been terrific supporters of mine for the past four years and I do a lot of media content with them. I also very much enjoyed my time with Channel 10 at the Melbourne Cup carnival last year and I’d love that role to continue if it could.”