Robbie Laing has vowed to fight back and regain his trainer's licence after Racing Victoria moved to reject his nominations from Saturday night.
Laing was informed by RV this week that any further nominations from the stable would not be accepted after November 30, which has prompted Laing to begin transferring a number of horses to his recently licensed 23-year-old son Jack.
Laing said a marriage break-up and other financial troubles had meant he has struggled to pay the rent on his Cranbourne stables.
He said he is considering his legal options against the refusal of his nominations.
"I left school when I was 14 to be in this caper and I've been training for 38 years so it's hard to just up and leave," Laing said on Wednesday.
"They are dealing with the most resilient bloke in the world. I haven't lost any sleep over it although I've lost my wife, my family, my house and my car and am doing everything I can to pay back my debt and then they erase you."
RV issued the following statement on Wednesday afternoon: "In July, 2019, Victorian trainer Robbie Laing was granted a short-term renewal of his licence under a set of financial conditions, which is valid until November 30.
"Mr Laing's licence was reviewed at Racing Victoria's November board meeting with the decision made not to renew his licence beyond November 30 due to some of the conditions not being met.
"Approval of any future applications for a trainer's licence will not be granted until Mr Laing is deemed a financially suitable candidate."
Laing said that RV officials told him that he could be relicensed once he's paid back the money he owes for rent and to some of the auction houses.
"But if I am unemployed, how am I going to make the money?" Laing said.
Laing has won four Group 1s during his career, which boasts nearly 1000 wins and prizemoney earnings of more than $31 million. He was just coming to terms with the sudden halt to his career on Wednesday.
"Horses I have trained all their lives are in on the weekend, but Jack will be training them," Laing lamented.
Although he can still train until Saturday night, Laing has sent Relanski, Define Tyranny, Pissaro and Zoumanor to his son's stable for their races at Cranbourne on Friday night while Jack Laing will also take over the training of Gennady after it runs at The Valley on Saturday.