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Packing up
Michael O’Leary announces shock decision to quit horse racing
Michael O’Leary, whose Gigginstown Stud racing operation has enjoyed immense success in National Hunt racing for nearly 20 years, shocked the industry on both sides of the Irish Sea on Tuesday when the announcement that he will withdraw his huge investment from racing over the course of the next five years.
O’Leary’s purple and white colours have become a familiar sight at all the major jumping festivals, at times to such a point that three or four horses in O’Leary’s silks have arrived at the final fence in a Grade One race with the outcome between them.
Since enjoying his first Graded win in February 2002, O’Leary, a high-profile figure in his day job as the chief executive of Ryanair, has invested huge sums into racing, mainly via the purchase of racing stock but also through sponsorship of events such as the Ryanair Chase at the Cheltenham Festival.
Initially, his money was spread around between a wide range of Irish trainers but after falling out with Willie Mullins, Ireland’s champion trainer, in a row about fees, an increasing number of O’Leary’s horses have been trained by Gordon Elliott, including the dual Grand National winner, Tiger Roll.
https://www.msn.com/en-gb/sport/other-sport/michael-oleary-announces-shock-decision-to-quit-horse-racing/ar-AABlsJo?ocid=spartanntp
Michael O’Leary, whose Gigginstown Stud racing operation has enjoyed immense success in National Hunt racing for nearly 20 years, shocked the industry on both sides of the Irish Sea on Tuesday when the announcement that he will withdraw his huge investment from racing over the course of the next five years.
O’Leary’s purple and white colours have become a familiar sight at all the major jumping festivals, at times to such a point that three or four horses in O’Leary’s silks have arrived at the final fence in a Grade One race with the outcome between them.
Since enjoying his first Graded win in February 2002, O’Leary, a high-profile figure in his day job as the chief executive of Ryanair, has invested huge sums into racing, mainly via the purchase of racing stock but also through sponsorship of events such as the Ryanair Chase at the Cheltenham Festival.
Initially, his money was spread around between a wide range of Irish trainers but after falling out with Willie Mullins, Ireland’s champion trainer, in a row about fees, an increasing number of O’Leary’s horses have been trained by Gordon Elliott, including the dual Grand National winner, Tiger Roll.
https://www.msn.com/en-gb/sport/other-sport/michael-oleary-announces-shock-decision-to-quit-horse-racing/ar-AABlsJo?ocid=spartanntp
Comments
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