Leading horse racing trainer Peter Moody has confirmed he will walk away from the sport for the ‘foreseeable future’ after receiving a six-month ban.

The 46-year-old was found guilty of unintentionally administering his horse Lidari with excessive levels of cobalt in 2014, and was last week issued with a one-year ban with half of that penalty suspended.

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Moody, famous for training champion mare Black Caviar to 25 successive wins, was cleared last week by the Racing Appeals and Disciplinary Board of deliberately administering excessive levels of cobalt, but received the lesser charge of non-intentional administration.

Despite potentially being allowed to return to racing in September, Moody issued a statement to his clients on Monday confirming he has decided not to return to training at the end of the suspension.

“After a lot of deliberation with my family and senior management staff, we didn’t feel it was going to be a viable or workable proposition to employ another trainer to care take the stable for the six month period of my suspension,” he said.

“I have made the ultimate decision that at this point in time I will not be returning to the training of racehorses in the foreseeable future.”