Goffs Announce New Breeze-up Sale at Naas for 2025

Goffs have teamed up with Naas Racecourse and Irish Thoroughbred Marketing (ITM) to introduce a new two-year-old breeze-up sale in Ireland for 2025. The breeze will take place at Naas on Tuesday, June 3, with the sale being staged at Goffs on Wednesday, June 4. A practice breeze will also be held on the Bank Holiday Monday, June 2.

Announcing the new breeze-up sale, Goffs chief executive Henry Beeby, said, “We are thrilled that Naas Racecourse has agreed to host the trackwork to enable this exciting new breeze-up sale in Ireland. We look forward to collaborating with the Naas team to deliver a successful breeze-up where horses and clients will benefit from the world class facilities at both Naas and Kildare Paddocks.

“Vendors have petitioned Goffs to stage an Irish breeze-up for some time, and the timing of this new sale, coming slightly later in the season, has been widely welcomed in our discussions with vendors. The early June dates will allow additional time for sales preparation while it falls early enough in the Flat calendar to ensure strong demand for quality, ready to run two-year-olds.”

Dermot Cantillon, chairman of Naas Racecourse, added, “The Naas Racecourse philosophy is to facilitate the racing and the bloodstock industry when and where we can. This relationship with Goffs to support the breeze-up sector is another manifestation of this ongoing commitment.”

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Michael O’Hagan Launches New Business

Michael O'Hagan, the former CEO of Irish Thoroughbred Marketing (ITM), announced on Monday the launch of his own business, MOH Consultancy.

Following a long career in the racing and bloodstock industries spanning various different roles–latterly spending nine and a half years as international advisor and representative to the Dubai-based Al Basti Equiworld–O'Hagan is now embarking on a new venture which will see him offer his experience and expertise to not only the thoroughbred industry worldwide, but also the wider business community.

O'Hagan said, “In the unique positions I have held over the years, I feel that I am fortunate to have accrued the experience required to tackle the constant global challenges facing the racing and other industries.

“I am excited with the launch of MOH Consultancy and look forward to taking on new projects with new people while drawing on past experiences with a solid base of friends, family and established industry professionals.”

O'Hagan started his professional career with stints working in France and America before taking up a position as assistant manager at Coolmore Stud in Ireland. He went on to become CEO of the Irish Thoroughbred Breeders' Association (ITBA) and later took on the role which saw him head up ITM.

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Over €1.5m ready to be spent at Irish sales through IRE Incentive

Since its launch in 2021, Horse Racing Ireland's IRE Incentive program has awarded over €3,500,000 in €10,000 bonuses to the owners of Irish-bred winners of scheme races.

The IRE Incentive scheme awards a bonus of €10,000 to owners of Irish-bred winners of selected races across the Flat and National Hunt programmes in Ireland and Britain and the owners of each eligible winner–those carrying the [Ire] suffix and Foal Levy compliant–have until the end of the following year to spend their bonus on Irish-breds at Irish sales. Over 250 individual owners have won bonuses, which have so far contributed to over €10,000,000 in turnover at Irish sales, a figure expected to increase markedly in the coming months as bonus-winners return to Ireland with over €1,500,000 to spend on Irish-breds.

“We are thrilled that the IRE Incentive scheme has been achieving its aim in rewarding and encouraging investment in Irish-bred stock,” ITM CEO Charles O'Neill commented. “To have such a diverse range of owners ready to reinvest as the Irish sales season gets into gear is a major boost for the Irish industry.”

Irish National Stud CEO Cathal Beale commented: “The IRE Incentive is a superb and proven scheme that has generated substantial inward investment for Ireland and increased demand for our world-class Irish-bred stock at the sales. Huge credit must go to Horse Racing Ireland, backed by the Irish government, for implementing such an effective scheme. Long may it continue.”

The scheme is funded by Horse Racing Ireland and managed by Irish Thoroughbred Marketing, with support from the Irish Thoroughbred Breeders' Association and the Foal Levy. A list of the IRE Incentive races and scheme terms and conditions are available on the ITM website.

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New Irish Bloodstock Industry Survey Launched By ITM

A new Irish bloodstock industry survey was launched by Irish Thoroughbred Marketing (ITM) on Friday.

The aim of the survey is to hear the views of all those involved in Thoroughbred breeding and sales on subjects like selling in Ireland, the IRE Incentive, and Brexit. The survey is anonymous and should take less than 10 minutes to complete. The survey, which will remain open until early October 2023, is available here.

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