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FRANCE: A Horse Opera

An American vs. the Aga Khan

When he assumed spiritual leadership of the 20-million-member Ismaili sect 22 years ago, the Aga Khan was asked whether he intended to maintain his grandfather's famous racing stables. "I'm not much for sport," replied the prince, then 20. "I don't know what I'll do with the horses." Quickly enough the young heir developed a passionate interest in what he described as "a game of chess with nature"—the breeding of horses —and today he reigns supreme over the French horse-racing establishment. His sport has led him into...

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