Michael O’Leary has announced that the Gigginstown House Stud will not purchase any more young horses with a view to scaling back his racing operations.
Michael O’Leary told the Irish Field: “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.
“I hope that by running down our string over an extended four or five year period it will give our trainers ample time to replace our horses without disruption.”
Eddie O’Leary confirmed their trainers will receive their normal number of point-to-pointers this year so and hoped for “many more great days to look forward to into the future”.
Grand National-winning owners Gigginstown House Stud have shocked the racing world by announcing they will no longer be investing in young stock & are to wind down the operation over the next four years.
— Racing Post (@RacingPost) May 14, 2019