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    Originally posted by the plastic paddy View Post
    OMFG, Gigginstown are pulling out of racing. Wonder what Ryan Air’s share price is doing this afternoon...
    A phased withdrawal over a number of years. Won't be buying anymore new horses but the current load will still be kept under his colours for the remainder of their careers.

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      Originally posted by Mike Gibson View Post

      A phased withdrawal over a number of years. Won't be buying anymore new horses but the current load will still be kept under his colours for the remainder of their careers.
      Not buying anymore horses is massive though.

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        Originally posted by the plastic paddy View Post
        OMFG, Gigginstown are pulling out of racing. Wonder what Ryan Air’s share price is doing this afternoon...


        At a guess this operation is not even breaking even, owning racehorses is a rich man's indulgence and on the scale of Giggingstown , a very, very rich man.

        Would guess to keep a horse in training must be 350 euros per week and then the expenses start, so to have several hundred horses is colossal and these horses have little residual value other than winning prizemoney.

        Ballymore/Coolmore are in a different business/league to anyone else in Ireland and their MO is very sustainable.

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          Originally posted by the plastic paddy View Post

          Not buying anymore horses is massive though.
          Certainly is. I'm guessing he must have 200+ horses in training at the moment. That's a huge gap to fill and it'll have a big effect on the whole racing community from breeders, trainers, stable staff, jockeys.

          Wonder if he'll put out of sponsoring races too?

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            Originally posted by Stanley View Post



            At a guess this operation is not even breaking even, owning racehorses is a rich man's indulgence and on the scale of Giggingstown , a very, very rich man.

            Would guess to keep a horse in training must be 350 euros per week and then the expenses start, so to have several hundred horses is colossal and these horses have little residual value other than winning prizemoney.

            Ballymore/Coolmore are in a different business/league to anyone else in Ireland and their MO is very sustainable.
            It would cost MOL millions every year I would imagine. The problem is that now he has decided he isn’t interested anymore he could turn around sooner and pull up stumps. Hopefully not though. Would be a nervy time for NH breeders though.

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              In response to Stanley's post Gigginstown do sell on quite a few of their older horses. I'm sure most go for a pittance but some get decent sums. They recently sold Don Poli for £170k and Outlander for £165k at the Aintree sales. Road to Riches was sold last year for £35k, Thunder and Roses for £21k.

              I'm sure that's just a drop in the ocean of the losses they've made over the years but they do earn more than just prize-money.

              Comment


                Originally posted by Mike Gibson View Post
                In response to Stanley's post Gigginstown do sell on quite a few of their older horses. I'm sure most go for a pittance but some get decent sums. They recently sold Don Poli for £170k and Outlander for £165k at the Aintree sales. Road to Riches was sold last year for £35k, Thunder and Roses for £21k.

                I'm sure that's just a drop in the ocean of the losses they've made over the years but they do earn more than just prize-money.

                If one made a comparison with what they buy a lot of winning point to pointers for 200k +, more than 70% of these will not earn enough prize money to pay for their keep not to mind vets/entry/transport/jockey fees to come on top, any monies recouped on sales of older horses are fingers in the dam.

                At a guess these NH horses are not insured so there are big losses on fatalities.

                Comment


                  Great stats page on attheraces.com where you can see a breakdown of the prize money that Gigginstown have won over the years.

                  €17.5m + just under £4m in the UK.

                  https://www.attheraces.com/form/owne...e-Stud/1003619

                  Can even break it down by individual horse. O'Leary must love Tiger Roll.

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                    https://www.racingpost.com/news/raci...ly-earn/381621

                    Good article on trainer costs, JP and MOL face huge monthly bills and absolutely income does not and never will come near to costs.

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                      https://www.theguardian.com/sport/bl...ion-to-sell-up

                      For this horse, winning the Gold Cup is a necessity for the owner to even have a chance of getting his money back.

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