A number of Redzel's owners launched legal action earlier this year against Redzel's syndicators,Triple Crown Bloodstock,over claims the $320,000 trophy was sold without their permission.
Triple Crown has vigorously defended the allegation,which was first aired by a former employee of their company on Twitter.
Triple Crown directors Michael and Chris Ward also said they were cleared of any wrongdoing by Racing NSW stewards.
It's believed the case will have another element with the court to consider performance clauses,which were written into the contracts with slotholders that allowed Redzel to race,that entitled Triple Crown to 10 per cent of net prizemoney. The figure will top $1 million.
Redzel won the first two runnings of The Everest,generating almost $12 million in prizemoney as a result.
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Triple Crown brokered deals with James Harron Bloodstock and Chinese billionaire Yuesheng Zhang for Redzel to get a spot in The Everest. Twelve slots are bought by individuals,partnerships and businesses which then select the best sprinters to represent them in the race. They each fork out $600,000 for the privilege.