In the first sign that she may be splashing some of newfound cash, E.L. James - the author of the Fifty Shades of Grey books - has bought into a potentially lucrative horseracing syndicate, aptly named 'Team 50.'

According to the Daily Mail, trainer George Baker purchased the son of sire Verglas for 50,000 guineas at a prestigious Book 1 sale this week. The grey colt (Fifty Shades of Grey) will be the first of three bought and trained by Baker, who is to move his growing stable to the Manton estate in Wiltshire next month. Two other colts - to be named Fifty Shades Darker and Fifty Shades Freed - will be bought at next year's sales with a £150,000 budget set aside. In keeping with the book's heroine Anastasia Steele, all three horses will be ridden by female jockeys.

The Fifty Shades franchise, a publishing phenomena, has sold well over 20 million copies worldwide though E.L James also made $5 million for the film rights from Universal Pictures and Focus Features. The author's current net worth is thought to somewhere in the region of $32 million.