FORMER champion jockey Simon Marshall plans to stick with the embattled BC3 Thoroughbreds operation, reports Racing Network. But, Marshall distanced himself from the punting syndicate, run by former BC3 Thoroughbred director Bill Vlahos.

"I had no dealings with the running or management of it," Marshall said. 

Vlahos resigned from all positions he held within BC3 Thoroughbreds yesterday. He is due back in the NSW Supreme Court  this week where he faces legal action over missing money, believed to be $194 million, from a punter's club he was involved with. 

Marshall, the Sales & Liaison Manager for BC3 Thorougbreds, issued a statement tonight noting that he looks forward to the company emerging from the mire. 

"I look forward to the restructuring of our operation and I look forward to the on-going support of our staff and clients," Marshall said. 

He noted he was "proud of the success" achieved by BC3 Thoroughbreds over the past six years. Marshall said that BC3 Thoroughbreds had been placed in voluntary administration with Moore Stephens called in to oversee the business. He added that BC3 CEO Craig Cameron had entered into voluntary administration to "protect the assets of the company and best represent the interest of creditors and preserve the business while a restructuring plan is implemented."