Group-winning sprinter Menari is to return to stud at Newgate Farm with his racing comeback thwarted by a recurrence of a suspensory injury.
The four-year-old was put back in training with Gerald Ryan after he managed to get just 20 of the 70 mares he served in foal in his first season.
He had been earmarked for The Everest and was training well but late last week was found to have re-injured his leg.
"I'm devastated that Menari gone amiss as I honestly feel he could have won The Everest," Ryan said.
"He is one of the most talented horses I have ever had anything to do with."
Newgate's Henry Field said outside bookings to Menaris would be limited.
"Menari obviously has machine-like talent, is by the champion sire (Snitzel) and hails from the famous Corumbene stud pedigree," Field said.
"We will be doing everything under the sun to manage Menari's fertility in 2019 and at a fee of $15,000 + GST he represents phenomenal value."