Irish bloodstock sales | Horse Racing Free Tips

The number of horses in training and racehorse owners in Ireland rose year-on-year in 2021, and were among numerous positive figures released by Horse Racing Ireland reflecting on the state of the Irish Thoroughbred industry.

There were 10,579 horses in training in Ireland last year, which was up 14.4% from 2020 and 18.2% from 2019. Likewise, the owner retention rate of 80.7% up was 9.6% on 2020 and 8% on 2019. There were 1,062 new owners registered in 2021, up 36.1% on 2020.

This desire for horse ownership was also reflected at Irish bloodstock sales; bloodstock sales were up 71.3% on 2020, when Irish sales among the most impacted in the world on account of persistent lockdowns, and 10.6% on 2019. A total of €182.8-million was spent at Irish sales last year.

With racecourse attendance severely impacted by the pandemic the past two years, on-course betting turnover of €12.9-million was up 65.1% from 2020, but down 82% from 2019. Total off-course betting was up 2.8% from 2020, but down 6.2% from 2019.

“So many of the figures announced today show a remarkable resilience in the horse racing and breeding industries,” said Suzanne Eade, chief executive officer of Horse Racing Ireland. “The figures for the numbers of horses-in-training have jumped by over 14% year-on-year at a time when attendance of owners at racemeetings was severely curtailed. That support from owners is vital, placing the industry on a secure footing and reflecting favourably on levels of employment across the industry and the wider economic activity that brings. It is hugely encouraging that all categories of ownership have grown and a record owner retention rate is a terrific vote of confidence in the industry.

“Irish Bloodstock sales were hit very badly in 2020 but last year's figures for horses sold at public auction improved greatly with a succession of sales performing well. There was a vibrant trade at the Irish store sales and buyers from 22 countries invested at Irish yearling sales, with Irish-foaled horses sold to 31 countries in all.”

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Horse Racing Ireland on Friday released its mid-year figures, and with indicators down across the board they highlighted the severe repercussions the COVID-19 pandemic has had.

Betting with on-course bookmakers and the Tote was down 73.9% through the first half of the year; the public has not been allowed on an Irish racecourse since early March, and thus attendance has been down by 80%. Eighty-seven fixtures were lost between March and June, and severe interruption to the sales calendar meant public auction sales in Ireland are down 87.3% year-on-year.

The number of active owners is down 13.9%, however that figure has been on the rise since racing returned. The number of horses in training was down 1.6% for the first half of the year, but at the end of June it jumped up 6.8% year-on-year, reflecting the return of both the flat and National Hunt programmes. Field sizes are up 3.4%.

Brian Kavanagh, chief executive of HRI, said, “Twenty-twenty has been a devastating year for the country and like many other sectors, the horse racing and breeding industry has suffered greatly having effectively come to a standstill on Mar. 24. Against that background, any comparison with previous years is futile. Nevertheless, a few key points are worth highlighting.

“The absence of attendances is having a devastating impact on racecourses and the businesses that depend on them such as on-course bookmakers, Tote, caterers and so on. Horse Racing Ireland and the racecourses are working to develop methods by which attendance can return once deemed appropriate by the Government. This is challenging and the contribution to the industry by the racecourses in continuing to race behind closed doors since June 8 is commendable.

“While traditionally the quieter part of the year, bloodstock sales figures for the first half of 2020 were decimated. The sales companies have shown flexibility with regard to their dates and HRI is working with them and government to ensure that sales can safely resume in Ireland in August. The equivalent sales of those scheduled to be held between now and the end of the year generated €150-million in turnover for Irish breeders in 2019, much of it to overseas buyers.

“With the support of the Department of Agriculture, Food and the Marine, horse breeding and training were able to continue safely during the period of restrictions and owners have shown great loyalty with just a small drop in the number of horses in training. HRI is committed to restoring as many of the lost opportunities as possible and has previously announced revised fixtures and race programmes for the rest of the year which will provide opportunities for horses at all levels. I would like to acknowledge the contribution of owners, both domestic and international, in retaining their horses in training which has protected employment and economic activity in rural Ireland.

“Horse Racing Ireland welcomes the strong commitment to develop the industry over the coming years contained in the recently published Programme for Government, particularly in the context of the challenges provided by Covid-19 and Brexit. The racing and breeding industry is one which will contribute to the economic recovery, generating employment and a significant level of international investment into the Irish rural economy. Horse Racing Ireland is working with all elements of the industry to mitigate the impact of the current crisis, however, the challenges facing many participants are significant.”

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