A millionaire racehorse owner has decided to retire, just days after his horse confirmed everyone’s predictions by romping home last in Saturday’s Epsom Derby.

Fergus Wilson, a millionaire property owner from Boughton Monchelsea, near Maidstone, entered Maidstone Mixture, a three-year-old grey colt.

Despite odds dropping from 1000-1 to 250-1 and a start which saw Maidstone Mixture setting the pace, the horse came last.

During the weekend, race commentators in national newspapers speculated that Maidstone Mixture was "the worst racehorse in history," with one pundit predicting there was "more chance of Lord Lucan riding in the Derby than Maidstone Mixture winning."

Defending the horse’s entry, Mr Wilson said: "There were 660 horses that applied for the Epsom Derby and Maidstone Mixture got down to the final 16.

"In every race there is always someone that has to come last, but the horse set the pace for the rest of the field for a good few furlongs. That was always the plan.

"If you got down from 660 people to 16 on something like the X-Factor you would say that’s a good result."

Mr Wilson, who has been racing horses for 10 years, watched the race from home, while his wife, Judith, was at the event.

Mrs Wilson is to take over ownerership of Mr Wilson's stable of 15 horses.