Gigginstown House Stud owner Michael O’Leary has said he will not purchase any more young horses as he wants to scale down his racing operations.
Eddie O’Leary, brother and racing manager to Michael, said that they are fully committed to horses that are currently in the stable. However, no more horses will be purchased now and operations will wind down over the next four or five years. Speaking to the Irish Field Ryanair Chief Michael O’Leary said “We wish to sincerely thank all our trainers and their teams for the enormous success we’ve enjoyed over the past decade but, as my children are growing into teenagers I am spending more and more of my time at their activities and I have less and less time for National Hunt racing, a situation that will continue for the foreseeable future. He said that he hoped to run his string of horses over a four or five year period, which would give the trainers time to replace horses.
Eddie O’Leary said, “Michael is a big family man and his children are now growing up and, given his very extensive work commitments, he now wants to spend more time with his wife and family”. He continued “As a result, we are not going to be buying any more stores or young horses. We’ve just had the best season we have ever had in Ireland in terms of winners and it’s been an amazing year, capped by Tiger Roll winning the Grand National for the second time last month.”
It’s not good news from top trainer Gordon Elliott who trains most of the Gigginstown horses. Indeed last season Gigginstown made over 4 million euro for the fifth successive year.