UPDATE: Red Cadeaux will not need to be euthanised after pulling up lame during Tuesday's Melbourne Cup, but he will never race again.
“When I was on the grass, I thought we wouldn’t see him alive again. He’s alive and well, that’s all I want to say," trainer Ed Dunlop told News Corp.
“I thought he was going to be put down. At this stage he hasn’t, he was obviously immediately retired. If the guys do their job, he’ll have a very happy retirement.”