King Charles ‘rakes in £1m’ after selling Queen’s horses including last winner

King Charles III has cashed in more than £1million by selling the late Queen's 14 horses, according to reports.

When Elizabeth II died on September 8, Charles inherited a lot more than his mother's title of monarch and place on the throne.

Her estate included 37 horses, some of which are champions, but Charles doesn't quite share his mother's passion for horseracing, The Mirror reports.

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The new King may have changed his mind about slimming down the size of the working Royal Family, but one thing he has stripped back is the number of hooves in Palace stables.

The Queen had a lifelong love for horseracing having been given her first pony when she was just four. She became the first reigning monarch to win the Gold Cup at Royal Ascot in 2013 with Estimate.

Among the horses to be sold was Love Affairs, the Queen's last ever winner at Goodwood just two days before she passed away.

2020 Royal Ascot winner Tactical reportedly fetched £150,000 at the sales while Just Fine, who gave Charles his first Royal Silks winner, was sold for £300,000.

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The 14 horses reportedly earned Charles £1,075,500 in total – averaging at over £75,000 each. It is estimated around £36million was paid for horses over the three-day sales.

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The Queen is believed to have made around £10m in prize money over her life.

A royal source confirmed that despite Charles reducing the number of horses he has, the sport would remain in the family.

They said: "The connection between the family and the horseracing industry will continue. The desire is to continue with the traditions and connections with Royal Ascot but not on the same scale as Her Majesty because she had a passion."

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