The retail heavyweight is believed to be calling in that debt, via the sale of two studs including one in the Hunter and more than 500 horses through Mr Harvey’s auction house Magic Millions.
A sale of Nathan Tinkler‘s racing and breeding empire has fallen through, with all assets back on the market.
Magic Millions Managing Director Vin Cox says his Mr Tinkler initiated the sale.
Earlier this year the Newcastle Jets owner announced a middle eastern investment firm had bought his Patinack Farm racing and breeding empire.
The ABC understands Mr Tinkler owes retail entrepreneur Gerry Harvey tens of millions of dollars.
Photo: Nathan Tinkler‘s Patinack Farm back on the market after deal falls through.
Read more here: ABC