We’ve Had the NH Trainers’ Owners’ Days – So Proper Racing is About to Start

For enthusiastic National Hunt owners, September is usually all about attending the elaborate owners’ days put on by the vast majority of National Hunt trainers. Not many Flat trainers do this, as it is pretty challenging to organise a parade of skittish yearlings or 2yos, but it is an enjoyable feature of the National Hunt world which owners really look forward to. As we’ve gone through September all our NH trainers have had these days, so a special thank-you to Messrs. Hobbs, Honeyball, Keighley, Longsdon and Snowden, and also their wives, assistant trainers, secretaries, head grooms and all the staff and helpers. Oh yes – and the horses.

An immense amount of work goes into these owners’ days, and they can come with a not inconsiderable cost. Yard improvements that have been under way over the summer have to be completed; boxes scrubbed clean and repainted; invitations sent out; brochures written and printed; marquees assembled and various purveyors of plentiful food and wine contracted for the day. Stress levels and blood pressure inevitably rise as a million and one last-minute things have to be done. But it’s definitely worthwhile, with a huge amount of goodwill engendered and a really strong sense of yard identity fostered.

It is interesting how the format of the owners’ day can vary between trainers. Philip organised a formal lunch in a marquee with horses not paraded (unless the owners requested this), but a full commentary provided by Philip, Richard Johnson, Johnson White and Mick Fitzgerald. Anthony held his event inside his enormous indoor school from mid/late afternoon, with a plentiful supply of top-quality canapes and cakes, champagne and wine. Martin paraded all his horses and then cantered them around his brand-new, state-of-the-art, two-furlong carpet loop before the owners demolished a hog roast and a prodigious amount of soft drinks, Pilsner lager and wine (served by the author of this blog, with enthusiasm if not a particularly great amount of skill). Charlie organised a mid-morning gourmet brunch for owners, followed by a parade of horses. He was also brave enough to school a number of horses. The parade and schooling were also open to the general public, proving very popular, with several hundred non-owners turning up. Finally Jamie had a parade of horses with the commentary supported by the amusing Richard Pitman, followed by a Thai-themed lunch and bar. Great variety in timings, formats, food and drink, but a strong common denominator of lots of enjoyment.

Everyone in British Racing talks about the need to “maximise the owner experience” as a prime means of attracting new owners into the sport and retaining the current ones. For me, the organisation by trainers of owners’ days is one of the greatest contributions to helping owners really enjoy the sport. It’s very interesting listening to the trainers’ comments on their various horses; the hopes and dreams that we all have at this stage of the year are firmly alive, with so much to look forward to; and it is one of the few opportunities where owners can meet and network with all the other owners, friends and families associated with the yard.

Despite the cost and the considerable workload, long may our NH trainers continue with these enjoyable events. Many thanks to everyone concerned, and may all the yards I have mentioned have a tremendously successful season – not least with our Owners for Owners horses.

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On Apprentices, their Earnings and Expenses: Speaking Up for Both Trainers and Trainees in an Unfortunate Public Disagreement, Stirred up by the Racing Post

Two personal observations before getting into the debate on apprentices, their earnings and expenses. It’s very noticeable that all the Owners for Owners trainers – Karl Burke, Philip Hobbs, Anthony Honeyball, Martin Keighley, Charlie Longsdon and Jamie Snowden – are not just great trainers of horses but great trainers of people as well, whether their riding staff, conditionals or apprentices. They have helped many a young rider get on to the ladder and then go right to the top. I hadn’t really thought about this before, but it is all part of their ethos and approach, which is why they are training our horses. The second observation only happened yesterday, when one of our trainers shook hands with a youngster who is going to join the yard as a 7lb claimer, obviously able to claim 10lbs on occasion when he rides for the yard. What really impressed though was the look of real pleasure on the faces of both of them. The lad has ridden out at the yard and can’t wait to join the team, all of whom like him, so he will fit in well and is a really hard worker. The yard has a number of top riders working for them as well as an excellent jockey coach, so the lad is bound to get a tremendous amount of help, support and encouragement. The trainer involved knows what a good young rider he is taking on, and has already had excellent feedback from owners who are keen for him to ride their horse whenever appropriate. A classic win-win, and great to see.

However, Lee Mottershead triggered an unpleasant spat when he wrote an accusatory article in the Racing Post on 10th July pointing out: “the scandal involving Flat trainers knowingly exploiting apprentices attached to their yards”, which he saw as “a pretty appalling state of affairs”. Paul Struthers, CEO of the Professional Jockeys Association, strongly backed Mr. Mottershead, stating that “too many Flat trainers, and almost certainly the majority, are happy to take a share of their apprentice’s earnings …. without paying the expenses that the Rules of Racing require” (my italics). No-one was named, and Mr. Struthers indicated that the force of his statement was based on “anecdotal evidence”.

Hardly surprisingly, a number of trainers were upset by all of this, notably Richard Hannon, Andrew Balding and Karl Burke. I know the operation at Karl’s extremely well, and have had a lot of his young riders on board our horses over the years, often with great success. Indeed only last year, Clifford Lee (who was flagged up in the Racing Post articles because of his excellent and valuable winning ride for David Barron on Above The Rest in the Bunbury Cup) rode both Timeless Art and the late, lamented Lord Ben Stack to victory. Karl wrote a very detailed response that was published in the paper, and I heartily agree with the sentiments he expressed, not least that “trainers use (apprentices and conditionals) because of the value of their claim, not any financial gain (to the trainer). That is secondary.”

So what is the position, and the rights and wrongs of the current arrangement? Trainers pay the apprentice wages and reimburse them for equipment together with half their expenses while their allowance is at 7lbs or 5lbs including 22.5p per mile driven. There are clearly costs involved in training them, and as they become more experienced and take on external rides, they are not available to work for the trainer even though they are still being paid. In exchange, Flat trainers take a share of the apprentice’s earnings: 50% of any prize-money and between 50% and 20% of their riding fee, depending on their claim.

That system clearly can work well, provided that the trainer who receives the percentages of the apprentice’s earnings is properly paying the expenses. Messrs. Mottershead and Struthers assert that this is not the case, although no evidence was presented and there was no “naming and shaming”.

Personally, I would have thought that this whole issue could be resolved very quickly by a BHA working party to bring together the National Trainers Federation and the Professional Jockeys Association with a clear remit to “examine the nature and working practice of the training and commercial relationship between trainers and apprentices / conditional riders and, where appropriate, thoroughly modernise that relationship so that it demonstrably works well for both parties while encouraging young people to enter and remain in the sport”.

Doubtless there are some trainers who are exploiting the relationship and where the apprentices involved are too frightened to do anything about it for fear of losing rides. All yards have an annual BHA inspection, so why couldn’t the inspector ask to see evidence that expenses have been submitted and paid? Encouragingly there are many trainers who don’t want or earn anything from the apprentices, Paul Nicholls being a notable example. Finally a number of contractual frameworks and models are available that can be evaluated with improvements made where necessary. So for example changes could be adopted along clearer sliding scales whereby as the young rider loses some of the claim, so they retain a greater percentage of the prize-money.

The biggest risk must be one of unintended consequences whereby trainers decide it is too much hassle to take on and train youngsters, which would be a great loss to the sport. Less tangibly, it could also have a lifelong impact on the young people concerned. For apprentices in the right relationship with the right trainer, it can be a life-changing experience, not just about learning to ride, but how to handle themselves properly and professionally with a wide range of people. Alastair Down always said of David “The Duke” Nicholson that he was a “maker of riders; maker of men”. Many trainers across the country can hold their heads high as they shape the lives of a large number of young men and women. Improve the relationship where needed, but here’s hoping that it remains a productive and constructive one for the future.

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On NH Racing, Couch Potatoes and Collaboration with Bookmakers

Normally I’m criss-crossing the country supporting our horses, but with the dreadful winter and apparently never-ceasing soft ground it has been one of the quietest few months for ages, notwithstanding attending all four days of the Cheltenham Festival and the three of Aintree. However, since then I have to say that I have been “enjoying” the delights of sitting at home, wood burner blazing and chilled white wine at my elbow while cheering on my (mainly losing) bets at Sandown and more recently, Punchestown. So, as I knock on the door of becoming a pensioner, I’m also becoming a couch potato. Bliss!

It was absolutely terrific to see Richard Johnson finally become Champion Jockey after all those years of being runner-up to AP. There isn’t a better rider over jumps at the moment, and there certainly isn’t a nicer guy. He’s marvellous with owners and it is always a pleasure when he is riding one of our horses for any of our trainers but, obviously, mostly Philip Hobbs. Indeed we gave him his 100th winner of the recent season when He’s A Bully won for him at Wincanton. With typical modesty, when I complemented him on the ride, he said, “They’re always easy when they win”, despite our horse hanging badly over most of his fences.

Reflecting on the NH season, who would now be your top three horses? For me the performance on Thursday of Douvan would make him my top jumper. This was his 11th consecutive win, and he has won the last three by a cumulative 32 lengths, bagging all three top novice chases at Cheltenham, Aintree and now Punchestown. We have a Getaway with Anthony Honeyball, and he keeps referring to him as “Douvan”. Dream on, dream on. My second top horse would be the wonderful Thistlecrack, who waltzed home in the World Hurdle and then the Liverpool Stayers’ Hurdle, on both occasions by 7 lengths. I’ll then have three joint thirds: Annie Power (could she become the first mare to win the Champion Hurdle twice?), Don Cossack (not just for the Gold Cup but because we have a Sholokhov 2yo who we have nicknamed “Don Caster”), and then Sprinter Sacre (as well as the superb training performance by Nicky Henderson in bringing him back, and similarly My Tent Or Yours, Simonsig and Bob’s Worth).

We couch potatoes also have lots of time to read the newspapers from cover to cover. Two articles about gambling and bookmakers caught my eye. The Sunday Times Rich List goes into the category of tittle-tattle with me, but I noticed that a number of Britain’s wealthiest tycoons in the betting industry saw their collective wealth jump by almost £3bn to £19bn in 2015/16. Amazing really when you think that their normal stance is that they aren’t making money, particularly through racing. And yet the Coates family, who founded Bet365, saw profits double to £410m and their fortune increase to £1.4bn; the co-founder of Betfair, Ed Wray’s wealth jumped by £68m after the Paddy Power merger; and that almost-destitute winner of Group 1s on the Flat, Michael Tabor, the majority stakeholder in Bet Victor, added another £25m to his net worth of £600m. Never believe a bookmaker when they tell you times are tough.

While the Sunday Times article produced steam out of my ears, another in The Times I found really encouraging. When I attended the BHA strategic forum at Newbury on 1st March, Nick Rust emphasised that three of their four strategic goals for British Racing are to grow betting participation by 5% by 2018, generate £120m of extra income for the sport and increase racecourse attendance to 7m by 2020. In the last couple of blogs I have been praising Jockey Club Racecourses for their investment in facilities and prize-money and now, according to The Times, their Racecourse Media Group (RMG) (which recently negotiated the £30m racing rights deal with ITV) are facilitating plans to bring the Tote under the control of British racing. RMG have an excellent track record and indeed in 2015 ploughed back over £80m to their 34 racecourse stakeholders via profits from Turf TV, pay-TV channel Racing UK, streaming pictures to online mobile betting sites and the current deal with Channel 4.

If you’re an avid reader of the blog you’ll know that I’m highly critical of the way the Tote, as a gaming asset, has been milked by Betfred and also the dismal lack of innovation on the part of many of the retail bookmakers, particularly the non-ABP partners Ladbrokes, Coral, William Hill and Betfred. Apparently RMG is likely to broker a collaborative business model between racecourses and a number of bookmakers so that they can take the contract back over when it comes up for renegotiation in 2018. There could be significant money for racing if this collaboration were successful: when Betfred took over the Tote, they paid £265m and committed to making annual payments back into racing of around £10m. RMG intend to involve all 58 racecourses to come up with an agreement with as many bookmaking firms as possible to develop a credible alternative to Betfred’s control of the Tote. If successful it would be a really significant step forward, not just in generating more revenue for British racing but also facilitating a far more creative use of the Tote’s assets and betting possibilities, both in the UK and worldwide.

On that note, I’ll put a few more logs on the burner and pour another glass of white wine. Cheers to RMG!

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Cheltenham – Owners, Trainers and their CLANS (Charmingly Large, Active Networks of Supporters)

The racing village is in many ways a huge network of multiple constituencies of enthusiasts, whether they be racegoers, punters, socialisers, pundits, owners or trainers. Cheltenham Racecourse is an ever powerful magnet which draws all this network together, even at one of its lesser meetings such as last weekend’s International, where the crowd is probably a third of that seen at the Paddy Power and the Festival. However, the OfO network had a great time, not least because of the excellent performances by three of our trainers, Martin Keighley, Philip Hobbs and Anthony Honeyball.

One of the most pleasant aspects of being an owner is the way in which you are automatically drawn in to the race-going CLAN, and that was definitely in evidence over the Friday and Saturday of the meeting. Martin and Belinda Keighley always receive a heartwarmingly enthusiastic reception from the crowd, and none more so after they experienced the highs but also terrible lows of racing on the first day. Their horse Hayjack, owned by James Hayman-Joyce whose son Simon is involved in one of our horses, Thady Quil, fell at the fence in the home straight and, alas, lost his life. One race later, Solstice Star put in an exuberant performance, bagging a four-timer and triggering the release of all sorts of emotions. I was in the paddock with another of our owners, Paul Davis, and we immediately gave Belinda a huge hug as the terrible low turned into a huge high. What we didn’t know was that it was captured on Channel 4 Racing and texts quickly followed asking us whose partner (other than our own) we were hugging. Fortunately my wife, when she was a lawyer, specialised in crime rather than divorce! We were then swept along by all the owners into the winners’ circle and on for champagne afterwards. The CLAN was definitely in action.

On the second day, Philip Hobbs’ wonderful season continued with a superb training performance to have the first and second in the top race of the meeting, the Caspian Caviar Gold Cup. Dickie Johnson managed to diet down to 10st for the ride on Village Vic, who ran the field ragged. That also included our own horse, Shantou Magic, who just couldn’t go the pace that Village Vic set, and our jockey, Will Kennedy, did the right thing and looked after him on ground that was softer than he really likes. He is now going off for a bit of R&R with Claire Hart, and won’t run again until the spring. Claire and her point-to-point connections are another part of the CLAN, and it is lovely that several of our owners who have now met Claire are hacking out with her and, indeed, one of them is setting a goal of taking part in a point-to-point. This owner had also linked up with another keen supporter of Owners for Owners, Tim Dykes, and their horse, Cappielow Park, ran in the same race as Solstice Star.

Peace & Co, for Nicky Henderson, ran far too keenly and his Champion Hurdle ambitions are on hold for a while. It was interesting, though, that the winner of the International Hurdle, Old Guard, is also owned by a CLAN, as a number of Paul Nicholls’ biggest owners have joined forces to buy top horses together. Looking at the recent autumn yearling sales on the Flat, that is also becoming an increasingly important CLAN, with mega buyers worldwide working together to pick up the choicest bloodstock, even though at eye-wateringly high prices. At a slightly lesser level on price (but still far too high), the Tattersalls NH Sale was held on Friday night and again it was strongly evident how the network of agents and top owners are working together to concentrate the firepower of best horses into a small number of rich men’s hands. Good for certain owners and trainers, but demotivating for others.

Finally in the last race of the meeting, Anthony Honeyball had his first ever Cheltenham winner, landing a three-timer with the game mare Lily Waugh. This was a valuable race, and tees her up now for a chance in the Mares’ Hurdle at the Festival. The win also put a huge amount of value on to her. A number of our owners are actively involved in Anthony’s yard and we were delighted to be with Lily Waugh’s fan club, both at lunchtime in the Tattersalls Pavillion and before / after the race. You couldn’t help but laugh at grown men praying on the paddock turf for a great performance from their mare …. which is exactly what they got. This CLAN of owners really entered into the spirit of having a runner and a winner at Cheltenham. Heart-warming!

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Grand Times at the Grand National – The Aintree Experience and Retraining of Racehorses

My wife and I always try to go to Aintree for the Grand National and for my money it is the best-organised NH meeting of the whole season- superb facilities, fabulous racing, and a real party atmosphere as 70,000 Scousers turn out in force, in their finery. It may be easy for the press to mock the excesses of “Ladies’ Day”, and it is certainly testimony to the tanning salon and tattoo parlour, but it really makes for a magnificent Aintree experience. It was also great to see the first £1m National, with excellent prize-money down to 10th. One of the real pleasures of the winter sport is that the “little man” can grab a huge prize. Charlie Longsdon in his blog summed it up really well: “Highlight of the Aintree meeting had to be Dr. Newland’s great win with Pineau De Re – he has 12 horses in training, and that is what the Grand National is all about. It is a fantastic story – something that could not happen in Flat racing. That’s why we love the National Hunt game. Everyone has a chance of having a superstar, and you do not have to have 150 horses in training and spend £100,000 to buy a great horse. Bring on the National in 2015!!!” Another of our trainers, Philip Hobbs, must certainly be thinking that – his Balthazar King, still improving at the age of 10, came 2nd and won £211,000. There was also a nice interview with Philip and Richard Johnson on Channel 4 – 16 years together. Although he didn’t say it on air, he has a lovely line: “If I don’t change my wife or my car very often, why should I change my jockey?” (Apologies [to Sarah] if I’ve misquoted, Philip – and I think I have – but that is the gist!)

There were several great results here for racing, not least Pineau De Re’s victory off the reasonable mark of 143 (certainly when Owners for Owners has a horse over 140 that stays forever, I know where we’re going). The excellent sponsor, marketing and branding for Crabbies created a very positive impression and they must be delighted with how the whole event unfolded, especially the avoidance of any controversy. There were no fatalities, and the way in which the core structure of the fences has changed for the better has been a most successful feature of Aintree for the last two years. It is also testimony to the leadership of Lord Daresbury who stepped down as Chairman at the meeting this year. When I first started going racing in the North I used to follow him as a rider. As Peter Greenall he was also the boss of the now-defunct brewery, Greenall Whitley (their bitter was often described as “only suitable to put on chips”), before selling the business off and concentrating on the hotels and leisure industry. One of the few real strategists in business and racing.

Finally, full marks again to the BHA for the way in which they took a proactive stance through the marquee and publicity for thehorsecomesfirst.com. They had a prominent and well-staffed stand by the parade ring and throughout the three days of the meeting, there was a concerted campaign to engage racegoers and raise awareness of the high standards of equine welfare in our sport. Proactivity like this is far better than responding reactively when there is a problem. Literature was given out containing such positive statistics as:

• Over the last 15 years the equine fatality rate during racing has fallen by a third, from 0.3% to 0.2%.
• The sport has invested over £25m in veterinary activities including research and education since 2000.
• There are estimated to be 1m horses in the UK. Racehorses are the best looked-after 2%.
• There are over 9,000 horses registered with Retraining of Racehorses active in other equine disciplines such as polo, showing, dressage and eventing.
• Our sport employs over 6,000 people providing first-class care and attention to the 14,000 horses in training.

Finally on the statistics front, there was a very interesting piece of information based on a study by Liverpool University which found that 62% of “traumatic injuries” (ranging from grazes to fractures) suffered by a sample of leisure and competition horses occurred when turned out in a paddock, compared to only 13% during ridden exercise. This certainly confirms my own experiences – I tend to be more worried when horses are on their summer holidays turned out in a field, than when they are being carefully looked after in their boxes in a yard. I hope all our NH horses that are being turned out now for the summer take note of this!

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A Horse Called “UKRacingStratPlan” (?!?)

Having mapped out in the last two blogs my own five “Big Es” and five “Little es” (ten resolutions for the racing industry), I thought I would have a go at tuning in to the more formal strategic intent, goals, priorities and key initiatives for our industry over the next three to five years. Now, you would think that the obvious location for such a strategy would be the British Horseracing Authority, since their web site proudly proclaims that they are “The Official Governing Body of Racing – The First Place for British Horseracing”.

As chairman of a management consultancy I suppose I have become a bit cautious about talking to senior executives about strategy, so I did my preparation, mapped out a number of key open questions and went to the phone expecting a lengthy and searching discussion. The reaction to my opening question, “Could you please tell me where I can find a documented and approved five-year strategy for British racing?” produced an extremely long silence, followed by my being routed around the BHA Holborn office. I chuckled as the general tone of the responses (I never got beyond the first question) went along the lines of: “I’m not sure which department would be in charge of that”; “Since we don’t have any control over racecourses etc., we wouldn’t expect to have a strategy, would we?”; “It’s very difficult, since we have so many stakeholders, so perhaps it would be better if you talked to them first”; “I’m not sure that we’ve got one, or if we have, I haven’t seen it”; and “If it does exist, I don’t think we would release it”.

Not quite sure that this was what I was expecting from a body that sits astride a multi-billion pound industry, with many thousands of dependent employees and a whole infrastructure of breeders, trainers, stable staff, racecourses, bookmakers and owners. I definitely think I’m going to become an investigative journalist in another life. I decided to fire off an email with a more formal request to Paul Bittar, CEO of the BHA, and am awaiting his response with some interest. I’m doing the same with the ROA and Racing for Change.

While waiting to hear more, I’ve been grappling with some of the issues of registering the Owners for Owners racehorses, one element of which is naming them. For any of you who have tried this, you will know that it can be incredibly difficult, since nearly every name you can think of seems already to have been registered. Well, I can say with confidence that one name that no-one has ever used is “UKRacingStratPlan” (that’s even inside the 18 characters maximum limit). Not the catchiest of names, I grant you. I wonder what the breeding would be. How about, by Machiavellian out of Bureaucracy (by Jobsworth).

I’m hoping to be proved wrong, but my fear is that no-one in the racing hierarchy believes that they are accountable for developing a strategic plan that tries to address the huge opportunities but also the great structural weaknesses that currently exist across our sport.

On much less weighty (but far more enjoyable) matters, we held the first Owners for Owners’ “Meet the Trainer” morning with Jamie Snowden at Lambourn last Saturday (pictures on the Latest News page). We had a really enjoyable time, despite Arctic conditions, and saw our Houndscourt put in a sterling performance alongside one of Jamie’s best horses, Present View. There will be other, similar sessions later in the year with Philip Hobbs, Charlie Longsdon and Elaine Burke. Finally, Quick Decisson, our bumper horse with Philip Hobbs, put in a really brave performance in atrocious conditions at Exeter on Sunday. He was just run out of 2nd place and beaten by a decent horse from David Pipe’s, in Vieux Lion Rouge. We’ve had three runs so far and all three have been in the money; long may that continue!

Wet, Wet, Wet & Wonderful Wincanton .... But Oh the Prize Money

Firstly, please accept best wishes for a great New Year, and may there be plenty of winners.

Really encouragingly for Owners for Owners, we finished the year on a high when Quick Decisson (not our name or spelling, by the way – we bought him named from Irish point-to-pointing), trained by Philip Hobbs and superbly ridden by Tom O’Brien, won at Wincanton on Boxing Day. It’s not often in racing that a horse follows the script, but for our first-ever runner under the Owners for Owners banner to win his first-ever race under rules was a fabulous start. It was the last race on the card, the weather was filthy, the going appalling, the floodlights almost had to be switched on to watch it in the dank early evening gloom .... but for all the owners, it was a real high with much embracing and kissing in that wonderful moment just after the line when you know you’ve won a race. We knew that QD (aka “Denis”) had shown a fair bit of toe at home, reflecting a US-bred, speedy dam line, but it was really encouraging to see the stamina kick in as he stayed on up the long Wincanton home straight. He won relatively easily, with a number of decent horses well behind him. There is an interesting form line through Mr Marvellous, whom we thrashed into 10th place, trained by Colin Tizzard. He had run 4th behind Oscar Rock in a good bumper at Newbury at the end of November, and is currently in the top half of the ante-post betting for the Champion Bumper at the Cheltenham Festival. Philip intends to reflect on the result for a week or so, and then decide whether to stay bumping or switch to novice hurdling. Either route is fine with us.

The directors at Wincanton could not have been more generous after the race, as they plied us with sandwiches, mince pies, champagne and free run of their well-stocked bar. The new Chairman of Wincanton, Guy Henderson, went out of his way to be friendly to everyone and it is easy to see why this track is regularly voted the best racecourse in the South West. He is determined to introduce lots of innovations and has set a goal of doubling the number of annual members. Best of luck to him.

However, one of the Jon Hughes Laws of Racing is that the longer the name of the race, the lower the prize-money. Denis won the “Connolly’s Red Mills Bumper Challenge Standard Open National Hunt Flat Race”, and in the process bagged the derisory first prize of £1,364.58. Second, third and fourth picked up around £400, £200 and £100 respectively. That is scant reward for the investment in horses aged 4-6. I’ll be examining the whole area of prize-money on the blog throughout 2013.

On the way back, Jack and I called in to our Lambourn recommended pub, The Pheasant, for a (quick?) celebration. I’m sure you noticed that there was another decent race on during Boxing Day, for rather higher prize money, namely the King George at Kempton, won very bravely by Long Run beating Philip Hobbs’ Captain Chris by a head. We walked into the bar and stepped straight into the post-race party with all the Waley-Cohen family including jockey, Sam. We didn’t want to intrude but they immediately started talking to us and when they found out that we had just won the bumper at Wincanton they seemed genuinely thrilled for us. To be slapped on the back and told “Really well done, you’ve got to start somewhere .... Who knows, it could be you winning at Kempton in a few years’ time” was the icing on the cake of Denis’s win.

Boxing Day hangover has now just about worn off!

Dunkelbrauner Hengst

As we’re racing into the full sales season now, all our trainers are looking out for exciting prospects. Since the last blog we have also added two new trainers, in Philip Hobbs and Charlie Longsdon. I’ve had horses with both of them before, and full details are on the web site. Great additions.

Karl Burke, Lars Kelp, Jack and I kicked off the yearling sales with a visit to Baden Baden (BBAG) on 31st August. Very impressed with the overall quality at the top end, and we tried very hard to buy a Shirocco colt (in German, a “dunkelbrauner Hengst”). Alas, Anthony Bromley was even more determined to secure him. Some of us then consoled ourselves with a couple of days in the Black Forest before watching Danedream complete her prep run for the Arc in the Grosser Preis von Baden. Terrific stuff. Karl and Lars are now going on to the sales in Ireland and Deauville on the yearling hunt. We’re determined to buy outside the UK to use the £ / € currency advantage to best effect, while also looking for real value. Again, full details on the web site.

On the National Hunt front, both Jamie Snowden and Charlie Longsdon are working with their lead agents, Tom Malone and Highflyer respectively, in a search for top-class chasing prospects. We’re hoping to have more details over the next month or so.

Finally, Philip Hobbs has given us an option to purchase up to three young NH horses. In effect this means he is giving us priority to buy, while he and I use his network of owners to (hopefully) enable us to commit to some or all of them. Details of all three horses will be on the web site soon. My personal favourite is the impeccably bred Presenting 3yo filly out of a Cadoudal mare, who is a half-sister to Geos. This season sees an increase in the number of races for fillies and mares only, including several Listed races, so there’s never been a better time to own a national hunt bred mare with longer term breeding prospects.

Do please let me know as soon as possible if you are interested in a share of any of these horses with one of our roster of four trainers.