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Archie Slott inherits a successful racing stable from his dissolute uncle, but his sanctimonious aunt tries to convince him to sell it off. In an attempt to avoid doing so, he accidentally buys a failing all-in wrestling stadium as well. Now Archie is faced with the tasks of ensuring success for his stable's Derby entry, paying the salaries of his newly-acquired wrestlers, and avoiding a plot to convert the stables into a holiday home.