Guineas Sale Aims To Catch The ‘Donny’ Wave

NEWMARKET, UK–Much like the trainers who brought members of the preceding crop up the road to the Rowley Mile a couple of weeks ago, rehearsing for this weekend's Classics, consignors at the third juvenile auction of the European sales calendar have returned here with a much better sense of where they stand.

When they arrived for the Craven Sale, they could only hope for signs of stability after the chaos of last year, when they had been the very first to be soaked by the Covid tsunami. And that is exactly what they appeared to find, with trade measuring up respectably not just against the 2020 sale, which was only salvaged after Royal Ascot, but also against those years when the breeze-ups had been enjoying a sustained bull run.

But if they duly proceeded to Doncaster last week with cautious optimism, nobody could have anticipated the thunderous performance of the Goffs UK Breeze-Up Sale. With records tumbling across all indices, the entire bloodstock industry had to stop what it was doing and stare agog. Could it be that those patrons of our sport whose affluence has survived the pandemic are straining at the leash to enjoy the freedoms that may soon be restored?

There will be corresponding curiosity, then, about trade at the Tattersalls Guineas Breeze-Up Sale, which follows a horses-in-training session on Friday morning.

What has been especially encouraging, at both juvenile auctions to date, is a notably robust median. While the top lots were less sensational than in recent years, nor were there the usual complaints about polarisation. And within that context there were still some authentic home runs, none more heart-warming than the one pulled off by Katie McGivern of Derryconnor Stud in realizing £180,000 for a Kodiac (GB) filly she had picked up for just £13,000 at the transferred Fairyhouse sale last year.

This was a “touch” that gratified the whole community, coming just weeks after McGivern barely survived a horrible accident at her Wexford base.

On the eve of the Guineas Sale, where she offers four lots, McGivern reflected on a spring she will never forget. With a rueful smile she recounted how she had decided that it would be imprudent to continue riding out, while raising children aged just two and three–and had therefore been merely leading a horse when catching a kick in the face.

“It was terrifying,” she admitted. “Because when they were airlifting me to Dublin it was like, this could be it. Nobody knew the extent of it. At that point, I have to say the horses were very much at the bottom of my agenda. But now the injury, I can deal with 100%. It's all positive. I'm here, and bone can heal. I shattered my eye-socket, nose and cheekbone, and they've put five plates in my face. But everything is healing the way it should be. My eye muscle is a little bit damaged at the minute, and they'll reassess six months down the line and see what they can do. But look, I'm happy to be here with one eye never mind two. And the kids love mammy now, because I'm a pirate with my eye-patch: that makes me the bee's knees.”

She merits the same description professionally, as well, for instance having brought an Acclamation (GB) filly to this sale five years ago and sold her to Blandford Bloodstock for 260,000gns. Given the name Daban (Ire), she finished third in the G1 1000 Guineas after winning the G3 Nell Gwyn S.

Now McGivern hopes that her Kodiac filly, who has joined Robert Cowell, can similarly excel.

“I think the reason I got her so cheap was not just that she was small but she also has this one white leg,” she recalled. “Because of her size, it was almost like that leg was all people could see, and I'd say that did put them off. But she was very correct, and the ratings were very good under the first dam. So she was a no-brainer for me, once she vetted fine. I only did that because I didn't want to think I was getting her cheap because she had scoped bad or something. As it was, I couldn't believe I got her for 13 grand.

“Her homework was always very good. She mightn't be very big but she had a huge stride and floated across the ground. So I wasn't surprised when she did the fastest time of the sale. Of course, you still need luck on the day: you don't want any wind against you, or the jockey to go too early or too late. But everything worked out. I kept saying, 'If she makes 60, it's a great day's work, and pat yourself on the back.' But to go on to 100, 120, and then to keep going, it was what you dream about.”

McGivern stressed her gratitude to everyone who has helped to prepare not just this filly but the whole 2021 draft, while she was recuperating from her ordeal. Principal among these were partner Tom Hore, and mother Joanna Morgan.

“Tom's a vet down in Wexford and my mother trained many a good horse,” she said. “So thankfully, between a vet and an ex-trainer, I knew I could rest up and get better and have no worry. I knew what was going on at the yard every day. But no, I couldn't have seen it out without them.”

If this particular transaction was a conspicuous tonic, after such a difficult time personally, then it was also a measure of the renewed optimism now coursing through the whole sector.

“Already at the Craven there was a depth they haven't had in years,” McGivern reflected. “There was always that worry, going to the Craven: those middle-range horses. And it was just brilliant. I hope this sale will be the same, but so far you really have to say 'hats off' to the sales companies for everything they've been doing.”

And, again, if McGivern particularly deserved a boost then the same was true of the breeze-up sector overall after enduring so much tension and uncertainty this time last year.

“The expense is huge so to add another three months, with nothing back in between, was frightening for everyone,” McGivern said. “You were investing more but didn't know whether you would get to the sales, or whether you would sell if you did. So this has been very encouraging for everyone.”

As was the case at Doncaster, this sale has inserted a viewing day between the breeze show and the auction. Different people had different impressions of the resulting atmosphere around the sales grounds on Thursday: it was certainly extremely quiet, in pleasant spring sunshine, but whether you should further describe it as relaxed or torpid is difficult to say.

“I think it works very well,” McGivern said. “Obviously there's more expense but in a big catalogue like this, or Goresbridge, I think it's vital to give people time to go through them all, and get vetting, and communicate with owners.”

After a dry spring, conditions were lively for the breeze.

“And there was a strong wind, too,” McGivern said. “But Newmarket's always an excellent track to breeze on, especially at the end where they're a little bit more tired and going hard: it's uphill, so that does take a bit of pressure off their front legs. I didn't hear of too many lame ones around this morning. It was watered, of course, and actually I think some of those early on possibly found it a little bit deader, but I was quite late up and I was happy enough.”

McGivern has two colts and two fillies in the Derryconnor shop window as she bids to consolidate last week's coup.

“I have a nice Cotai Glory (GB) filly [lot 174],” she said. “She breezed very well, she's very strong with loads of size and will be a really nice six-, seven-furlong filly for this year. Then there's a lovely Showcasing (GB) filly [51], maybe more seven furlongs. She gets the bonuses and has a really nice pedigree, one a breeder could win with and keep to breed. And then I have a couple of nice colts by Magician (Ire) [154] and The Gurkha (Ire) [254], they would probably want seven but they'd be real nice trainers' horses, I'm sure they'll be winning races.”

Albeit she was the one to benefit last week, McGivern agrees with many consignors that shoppers should assess the full package and not be enslaved to the clock. After all, the star performers of 2020 out of this sale, as featured on the back of the catalogue, show the breadth of talent available: one is Far Above (Ire) (Farhh {GB}), who won the G3 Palace House S. after making 105,000gns for Bushypark Stables to Blandford in 2018; the other is Trueshan (Fr) (Planteur {Ire}), winner of the G2 Qipco British Champions' Long Distance Cup after his 31,000gns sale, the same year, by Knockanglass Stables to Highflyer Bloodstock/Alan King.

As we all know, the agents talk a good game about assessing the horse in the round, but the die is almost invariably cast from the moment the time sheet arrives.

“There's often people who come down and ask, 'What do you recommend?'” McGivern says. “But if the horses don't clock, they don't come back. That does mean there's huge value around. I had a Mehmas (Ire) colt last week, I loved him, his homework had been really good and the sire is flying. But in the end a trainer bought a share off me, because I think he was around 50th [on the times] and you're only talking fractions.”

Not that she's complaining about her fortunes in South Yorkshire. In the circumstances, admittedly, she probably needs to think of a better way of expressing the delight of her team than by saying that they all got “a big kick” out of the Kodiac filly's price. But the hope now is that the Doncaster sale will prove a valid signpost to better times ahead for everyone. After all, there are a lot of people around who now have a heightened sense that life is for living–precisely the lesson absorbed by McGivern herself, along with a kick that somehow combined the very worst of luck (in suffering it at all) and the very best (in still being here to tell the tale).

“Everyone has been so chuffed, I've felt it, and it's been so nice,” McGivern said. “What happened, it really does teach you: you can't control every situation, whatever happens you have to play it out. You have to enjoy every day, rather than stress about things you can't control.

“And yes, maybe people out there do want to make more of their hobbies after the lockdown. So it's all very positive. As people always say, this is an industry like no other: here's the whole world falling apart, and racing just getting stronger.”

The opening horses-in-training session has been strengthened by a most attractive prospect, given her residual value. Declaring Love (GB) (Dubawi {Ire}) [lot 37], recent winner of a listed sprint at Bath for John Butler, was an inspired 39,000gns discovery by Megan Evans in the Godolphin draft at the December Sale here.

The sale begins at 10 a.m.

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Global Views: The Impact Of The Points System

   In Global Views, Godolphin Flying Start trainees provide insight into practices experienced and observations taken on their worldwide travels. First-year trainee Marine Moussa examines the impact of the Kentucky Derby points system that was implemented nine years ago.

The 147th running of the Kentucky Derby is this Saturday and the excitement after four months of preparation has reached its climax. The 20 contenders have qualified for the Kentucky Derby through a points system that was implemented in 2013. The system, called 'The Road to the Kentucky Derby', features 20 races for the preparatory season and 16 for the championship series. The 'Run for the Roses' used to be much more accessible to horses who had done their best running at two, and sprinters, when graded stakes earnings criteria was used to gain a position in the starting gate. Now, qualification for the race is weighted heavily towards 3-year-olds that have done their best running more recently and in races over a mile or longer.

Has the quality of the Kentucky Derby field changed since the Road to the Kentucky Derby was implemented?  A look at the median Beyer speed-figure of each Kentucky Derby field taken from each runner's last start before the Derby did not suggest so. Comparing Kentucky Derby fields under the points system with what they would have been with the old graded stakes earnings system could be a lead for further research. What we can observe is not so much a change in the quality of the field, but a difference in composition of the Derby field to select and favour 3-year-old horses with Classic-distance form.

Before 2013, more horses that had picked up significant earnings in 2-year-old races, and sprinters, were eligible for the Derby. These horses may have had good 2-year-old form, but may not have trained on into their 3-year-old campaigns or excelled in two-turn races. Take the recent example of last year's GI Champagne S. and GI Hopeful S.  winner Jackie's Warrior (Maclean's Music): He was a very good 2-year-old and considered an early favourite for the Derby, but he has been beaten in both his tries around two turns, indicating that he is a sprinter/miler rather than a Classic-distance colt, and that is the route connections have now taken. Under the old graded stakes earnings system, Jackie's Warrior would have qualified for a position in the Derby off his early 2-year-old form. The new system is weighted towards 3-year-olds that can make an impact at the American middle distances and that have more potential to be Triple Crown winners. Since the points system was implemented in 2013, there have been two Triple Crown winners–American Pharoah (2015) and Justify (2018)–within three years; The most recent Triple Crown winners previously had been Affirmed in 1978 and Seattle Slew in 1977. The points system rewards horses that can win or place in races just before the Derby. The goal is to have more true 1 1/4 mile horses running in top form closer to the Derby. Horses that exclusively did their best running at two get fewer points and 3-year-old sprint races get none.

It is also interesting to consider how the switch to the points system might affect how the race is run. There have been a few instances where sprinters–horses that did their best running at less than a mile before and after the Kentucky Derby–ran in the Derby and pressed the pace and tired before reaching the stretch, helping to set the race up for a stalker or closer. In the 133rd running of the Kentucky Derby in 2007, Teuflesberg–who won the one-mile GIII Southwest S. prior to the Derby and the seven-furlong GII Woody Stephen S. after–pressed the front-running Hard Spun before fading to finish 17th. Hard Spun stayed on for second, and the winner was the post-time favourite Street Sense, who was 19th of the 20 runners early. Interestingly, Teuflesberg's son, Trinniberg, had a similar run in the Derby in 2012. He sat second and pressed Bodemeister through some of the fastest fractions in the history of the race. Like Hard Spun, Bodemeister held second and Trinniberg faded to 17th; just like his sire, he was backing up by the time he reached the mile marker. The winner was the stalking I'll Have Another. Trinniberg bookended his Kentucky Derby run with graded stakes wins over seven furlongs, and later that year was named champion sprinter after winning the GI Breeders' Cup Sprint over six furlongs. It is not impossible, of course, under the new system for a horse to press the pace and fade or fail to stay, but the points system at least favours horses that look likely to see out the trip.

The Road to the Kentucky Derby has changed the composition of the field and therefore the dynamic of the race. If the points system had been in place at that time, Teuflesberg and Trinniberg represent two examples of horses that would likely have not qualified for the race. The new points system has placed on emphasis on horses with 3-year-old middle-distance form and continues to preserve the prestige of ensuring a spot in the 'Run for the Roses.'

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Ten Years On, Fan Engagement A Focus For QIPCO

This weekend's QIPCO Guineas Festival at Newmarket will mark a handful of milestones, not least being the return to its rightful place on the calendar after the pandemic-ravaged season of 2020. Additionally, this year marks a decade not only since Frankel (GB) scorched up the Rowley Mile to one of the most exciting Guineas wins that likely any of us can remember, but also since the Qatar-based, Al Thani family-owned private investment company QIPCO took up the title sponsorship of the Guineas Festival as well as the QIPCO British Champions Series and QIPCO British Champions Day.

Sheikh Fahad al Thani announced his arrival on the British racing scene in a big way in 2010 with the private purchase of that year's G1 2000 Guineas scorer Makfi (GB) (Dubawi {Ire}), and within a year had solidified his family's long-term involvement in the business with a series of significant sponsorships.

“Since Sheikh Fahad and his brothers became involved in British racing 10 years ago, they've thrown themselves at every facet of it,” said David Redvers, racing and bloodstock manager for Qatar Racing. “Luckily for British racing their involvement coincided with the debate to begin the British Champions Series and British Champions Day. They leapt at the challenge of sponsoring it because they loved the idea of being able to have a positive effect on the sport.”

The QIPCO British Champions Series comprises 35 of the nation's top flat races throughout the season and aims to promote the best that the sport has to offer. The series kicks off each spring with the Guineas Festival and concludes with QIPCO British Champions Day at Ascot in late October. And while the series has been successful in shining the spotlight on Britain's best equine athletes, another important facet of the sponsorship has been a conscious effort to grow the sport's fan base and engage a younger audience. With the exception of 2020, of course, British Champions Day has provided special access to students and pony club members including free or discounted entry, behind-the-scenes tours and special access on site.

“Something that was really important to Sheikh Fahad when we set out with the British Champions Series and QIPCO back in 2011 was that we engaged a new audience-in particular a young audience–with the best racing,” said Rod Street, chief executive of Great British Racing and British Champions Series. “Over the years we've developed the biggest student raceday in the UK at Ascot on QIPCO British Champions Day. Pre-Covid, 2,500 students attended Champions Day.”

“We've been very keen that we make it not just a discounted day out and then we forget all about them,” Street continued. “We've done lots to activate their engagement during the day. We've created a student zone. We do goodie bags for them with a few interesting free gifts; we give away scarves in the Qatar Racing colours so there is a bit of an extra connection to the day. We do guest tipping sessions where we get a couple leading jockeys to talk about the card, and we encourage the students to come and immerse themselves in the raceday and get close to the action.

“It's been really popular. Since we've been doing it now we've moved thousands and thousands of students through. It's the way you build racing fans for the future. Many of them will come and go, but we know that by engaging as many as possible you give yourself the best chance of creating lifelong fans. And as these students go into the workplace and start earning income, they might become syndicate members of the future or fully-fledged owners. It's taken a lot of effort and a lot of investment from QIPCO and ourselves to facilitate it, but Sheikh Fahad has been really passionate about it.”

Simultaneous with the student day on Champions Day is a concerted effort for members of Pony Club of Great Britain, where horse-loving kids are likewise given behind-the-scenes access on a major raceday.

“It all comes down to Sheikh Fahad's support and vision with his brothers, including Sheikh Hamad, the chief executive of QIPCO,” said Street. “They want the day to feel really different, to be something that stands out, and we think we're developing that.”

Street said that QIPCO embodies what a modern-day sponsor looks like. Since launching its racing sponsorship portfolio in 2011, QIPCO has brought Royal Ascot, the Irish Champion S. the Prix du Jockey Club and the Goffs London Sale under its banner.

“QIPCO is a really good example of a partner for the sport, with a vision, and that's a really important point to make,” he said. “I think the old-fashioned approach of someone giving you money and you plastering their name over a few things isn't [how it works] anymore. I think sponsors are partners and they want to grow and develop and be associated with good ideas and progress.”

Sponsorship has been a key topic in racing industry news in recent weeks with the revelation that online car retailer Cazoo has taken on sponsorship of the Derby and St Leger Festivals, and Redvers said it is “critical” for the future of the sport that racing develop partnerships with leading mainstream brands.

“You have to take a world view now rather than just a domestic one, and it's been one of the great frustrations about British racing that it's struggled to gain mainstream sponsorship here,” he said. “If anything it's almost been tainted by the sport's relationship with bookmakers that bookmakers tend to be the big raceday sponsors, because racing here is perceived to be so tightly interwoven with the gambling industry, which is crazy when you consider that there is so much more to the sport. It's fascinating now to see that sponsorship costs are coming down quite steeply–because of lack of demand as a result of the pandemic, partially. Big races are becoming more affordable to sponsor, so maybe it'll open back up again to more mainstream sponsors.”

Redvers said that the tendency of the British ownership ranks to be dominated by a few superpowers has also potentially deterred mainstream brands.

“If you look at Australian racing or Hong Kong racing, they've got massive international elite brands sponsoring those race meetings, because they have a much wider demographic of owners and fans,” he said. “I think that's something in which we're still miles behind in the UK, because we've historically relied on a handful of very, very big owners. The broad appeal for a wider cross-section of the public isn't there like it is in Australia because we lag behind so badly on syndication and the way in which syndicates are looked after at the races. Hopefully, there will be a fresh review of all of those operations as we come out of the pandemic and people will look to build it back a bit better.”

Street concurred, “The sport needs a broad array of sponsors. QIPCO has been the facilitator of real change in British racing; the QIPCO British Champions Series shines a light on the really top-class races during the summer. In bringing about QIPCO British Champions Day, it was a finale the season never previously had and it's the richest raceday in the UK. They've shown what a really engaged, invested sponsor can do in terms of being a game-changer.”

QIPCO remains the biggest non-bookmaker sponsor of British racing, and can serve as a blueprint of what is possible in the realm of modern sponsorship.

“It's a hell of an achievement to put 10 years of solid investment into a sport, and there has to be some lasting legacy from that,” said Redvers. “The thing that really excites me about the outcome of our sponsorship is that a young Sheikh and his brothers came in and understood immediately that simplifying things and highlighting what's best about British racing has the effect of engaging a younger audience. When you add to that all of the other initiatives they've put around Champions Day and the Champions Series, that's when you actually see there is a lasting legacy, because the young fan base is growing and growing. That's something they justifiably should be applauded for.”

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Qatar Goodwood Festival Features’ Prize Money Returned to 2019 Levels

The Qatar Goodwood Festival, slated for July 27-31, will boast an increase in prize money for its three feature races, the racecourse announced on Tuesday. The G1 Qatar Sussex S. will once again be worth £1 million, while the G1 Qatar Goodwood Cup has total prize money of £500,000. Rounding out the three Group 1s with increased prize money is the G1 Qatar Nassau S., which will be worth £600,000. Overall, the five-day festival will offer over £4.8 million in prize money in July. In 2020, purses were reduced due to COVID-19. Goodwood's ts flagship meeting will be one of the first major racing festivals to welcome back significant numbers of racegoers, as the UK Government continues to loosen restrictions.

Adam Waterworth, Events Managing Director at The Goodwood Group, added, “Prize money is incredibly important for our owners whose commitment and support we value tremendously. They are vital to the livelihood of the sport, and we're delighted to be able to return our feature races to the levels we ran them in 2019.

“The last 12 months have been extremely challenging for the business as a whole with severe financial hardships. However, despite revenues remaining challenging in 2020, and the uncertainty around crowd numbers at some of our fixtures, investment in prize money has always been a priority for Goodwood, and we accept our role in trying to ensure the higher rated horses remain in training in this country, whilst also striving to attract some of the best thoroughbreds from further afield.

“We are incredibly grateful to our official title partner, the Qatar Racing and Equestrian Club, without whose support we would not have been able to offer these levels of prize money, and our other sponsors, broadcast, and betting media partners.

“Goodwood is very much looking forward getting racing underway this season. We will be welcoming limited spectators to the racecourse across May and June, when admission is likely to be limited to members, although hospitality experiences will be open to all.

“Ticket sales have been phenomenal for the Qatar Goodwood Festival. It's one of the best on sales we have known, and all being well, we anticipate hosting racegoers at pre-pandemic capacities come the end of July.”

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