King Charles would surely be regretting a decision he had to make months prior to the big news he received from Australia. The royal family are known for their love of horse racing and Charles, in particular, is fond of the tradition.

However, the monarch missed an opportunity for the win after letting go of a key asset. During the 166th staging of the Melbourne Cup, Point of Law, a horse previously owned by King Charles, won the race.

It is believed that the horse was sold in August this year to top Australian trainer Ciaron Maher ahead of the spring carnival. According to The Australian, the final sale price was well north of $3 million.

The three-year-old colt proved itself to be worth a lot more as he reeled in Royal Supremacy for a win on just his sixth career start. The new owners of the young racehorse are expected to pocket a massive seven-figure sum.

However, Charles could not continue keeping Point of Law as the King was unable to have racehorses shared with other owners. Hence, he agreed to part ways.

Royal racing experts noted that the sale highlights the unpredictable nature of the sport, where timing and ownership structures often dictate long-term success on the global stage. The monarch's advisors had previously reviewed the portfolio of royal horses to streamline expenses and management protocols across multiple racing syndicates.

Despite this high-profile miss, the royal stables continue to house several promising contenders earmarked for upcoming fixtures across the United Kingdom. The victory by Point of Law has generated significant media buzz in Australia and British sporting circles alike, drawing renewed attention to royal equestrian ties.

Ultimately, while the financial return from the August sale was substantial, the prestige of claiming a Melbourne Cup victory would have been an unmatched crown jewel for King Charles.