Peter Molony is best known for being the man who bought the reigning Champion Hurdler Honeysuckle (GB) (Sulamani {Ire}) on behalf of his client Kenny Alexander. He also works for Sheikh Fahad's Qatar Racing operation, is an agent for Goffs and has had a multitude of top horses through his hands at Rathmore Stud. That may be why the Limerick native signs off on his Twitter bio with the word 'busy'!
Son of the legendary Martin Molony, widely regarded as the best dual-purpose jockey of all time, Peter is one of the most respected judges in the game.
He opened the gates of Rathmore Stud to TDN Europe this week and revealed why Leopardstown is D-Day for dual Champion Hurdle winner Honeysuckle and explained that retirement would be the preferred option to running in the Mares' Hurdle at Cheltenham for Henry de Bromhead's star.
Molony also shares that, for when Honeysuckle is retired to the paddocks, she will visit Walk In The Park (Ire). He also discussed in great detail his role at Goffs, concerns for the industry, Oisin Murphy's eagerly-anticipated return and much more in this week's Starfield Stud-sponsored Q&A.
Brian Sheerin: With your Rathmore Stud hat on, how do you reflect on 2022?
Peter Molony: It was a great year for us. The first big sale was the Land Rover and our horses sold really well there. We'd a good Milan (GB) filly of our own who sold well. We gave 50 grand for her as a foal and we got 150 grand for her at the Land Rover, so that was lovely. The yearlings sold well as well and, considering what's happening in the world, the market held up really well–especially for the quality horses. We were lucky enough to breed a nice winner last year, Wren's Breath (Ire) (Elzaam {Aus}), who Henry [de Bromhead] trained for us. We'd a half-sister to her at the Orby by Zoustar (Aus) and she made 300 grand, which was phenomenal. She is a beautiful filly. Our pinhooks went quite well this year so we got stuck in again in November. But, as I said, the market was quite strong so it was hard to buy the ones you wanted.
BS: Any air of trepidation about getting stuck in again? This was a phenomenal year but some people are worried that we might feel a bite in 2023.
PM: We've had a few very good years with the pinhooking on the Flat. We decided that we'd step off the beaten track a little bit because, when we went in for the big, fancy, obvious foals, we had to give too much for them and we just haven't been lucky with them recently. We bought later foals, a few end of April and even May foals, which pinhookers seem to step away from, but they've done very well for us so we did the same again. We didn't just plough on regardless. We thought about what we were going to do and went for that type of foal again. Hopefully it will work out. On the National Hunt foals, we decided to concentrate a little bit more on quality. John Bleahan is a great friend of mine and we were chatting away recently about what the market is going to look like in the next couple of years and his summarisation was good. He said, 'it's either this or sheep,' in that we don't know anything different, so we may as well keep going at what we know best.
BS: The National Hunt market is going through a strange period at the moment. You need to be by Walk In The Park, Blue Bresil (Fr) or one of the good French sires to get well paid. When you were concentrating on the top end, what stallions were you honing in on?
PM: It's very tight. There are only a small number of top-end stallions that people seem to want. We bought a couple of Walk In The Parks (Ire), we could only get our hands on one Blue Bresil (Fr), we got a No Risk At All (Fr) and took a chance on a couple of foals by Order Of St George (Ire)–I really like them, they're really good-looking horses and they seem to have lovely temperaments. But it's a risky time for him as he has a couple of crops ahead and, if they don't work out, it's not ideal. I bought a Soldier Of Fortune (Ire) but didn't give huge money for it and we bought a Maxios (GB) and a Vadamos (Fr), so we have a bit of a spread.
BS: I suppose the best horse you ever bought was outside the box in that she was by Sulamani (Ire).
PM: The difference with her was that she was bought to race. All of those foals are bought to be sold on. There's a big difference between buying a racehorse and a sales horse which shouldn't make sense but it does. You have to buy what the market is going to want in the future.
BS: And speaking about Honeysuckle (GB), there has been a lot said and written since she lost her unbeaten record but what's your own feeling on the whole thing.
PM: All the ratings people seem to believe it was her best ever run in the Hatton's Grace and normally her first run of the season is always her worst run. I suppose she's getting older and it's going to take a little more to get her ready first time out so, taking everything into account, it was one of her highest-rated runs for her first start of the season so we'd have to be happy. If we weren't protecting an unbeaten run, I think we'd have left Fairyhouse cock-a-hoop with ourselves. We haven't lost faith in her. Leopardstown here we come.
BS: Everyone wants that match between Honeysuckle and Constitution Hill (GB) in the Champion Hurdle. Is that still the dream or has the Mares' Hurdle become a more appealing target than it was previously?
PM: First of all, I think the Mares' Hurdle is getting a bit of a slagging off, which I think is totally unfair. If we didn't have the mares' programme that has been built up over the past 20 years, Honeysuckle probably wouldn't be running right now–she'd be out in a field with a foal at foot somewhere. The amount of top-class mares who have come through the system in the past 10 to 15 years, most of those, if not all of them, would never have hit the track if it wasn't for the mares' programme. I think people are missing the point, to be honest, and I think the mares' programme is hugely important. We got a lot of slagging when we ran Honeysuckle in the Mares' Hurdle first time round but, as it happened, we probably ended up running in the tougher race by taking on Benie Des Dieux (Fr) (Great Pretender {Ire}). People were saying we were ducking the challenge of the Champion Hurdle but we just felt she wasn't quite ready to run over two miles at championship pace and that the two-and-a-half-mile option was better at that stage in her career. Her jumping was a bit slow at that time–she was big and novicey when winning her first Irish Champion Hurdle the time before so we did what was best for her. That will be the same this year.
We will always do what's best for Honeysuckle. That's the number one thing. I suppose I will give you a bit of a scoop here, if we don't think that she is up to running to her best, she probably won't run full stop–she'll be retired. Kenny said that last year, that we were going to give her one more season but, if we don't feel she is up to doing herself justice, she is not going to be risked. She is too important to us. We are not going to risk her. We have to think that she will be up to running to her full ability if she runs again.
BS: Is Leopardstown D-Day in that, if she doesn't run right up to her best, she could be retired?
PM: That is a distinct possibility, yes. It's not about ducking competition. There are three scenarios. Number one is that she runs in the Champion Hurdle, number two is that she is retired and number three is that she goes for the Mares' Hurdle. The least likely scenario is that she would run in the Mares' Hurdle. That's where we are at with her. It's all about Honeysuckle. We are all dreaming and we really want to take on Constitution Hill. Nicky Henderson is a great friend and has been a wonderful supporter of mine. We've been slagging each other all summer and nothing would give me more pleasure than going out and beating Constitution Hill as I think he is a phenomenal horse. That's what we really want to do. But let's see what the next few weeks bring. Both horses have to get there in one piece.
BS: Kenny seems to be a great character. From saying he was extremely confident on Racing TV the evening before Honeysuckle won her first Champion Hurdle to being magnanimous in defeat after the Hatton's Grace, he is quite refreshing.
PM: He is genuinely a lovely guy and very down to earth. After Honeysuckle won the Champion Hurdle last season, he led her in with his shirt hanging out and the Racing Post rolled under his arm. I think some people had thought that some interloper had run into the winner's enclosure to lead Honeysuckle back in. But that's him–no airs or graces about him. I am very lucky to have met him and to be working for him.
BS: How did that relationship come about?
PM: The first time I met Kenny was at this kitchen table 12 or 14 years ago. He rang David Redvers around the same time Sheikh Fahad got involved. David told him that he was concentrating on the Flat but recommended that he come and visit us here at Rathmore Stud. He told me about his dream to breed top-class National Hunt horses and I told him he was nuts. I advised him to buy foals so at least he'd know what he was getting and therefore he could concentrate on the thing a little bit. The first thing we did was buy two National Hunt foals at the Tattersalls February Sale to pinhook together. We bought a Kalanisi (Ire) and a Flemensfirth.
At the time, we had been buying National Hunt foals to pinhook as yearlings but the National Hunt yearling market fell flat on its face. This was about the time when that happened. They cost 17 grand each and, when we brought them back to the November Sale, we couldn't get what we paid for either of them. Kenny must have been thinking, 'oh my God, what idiot am I after getting involved with?' I told him that we had two lovely horses on our hands but the National Hunt yearling market had gone. We kept them on as 3-year-olds and sold the Kalanisi privately. He paid for himself and the Flemensfirth and went on to be named Champagne Express (GB) for Nicky Henderson. He was a good horse. We brought the Flemensfirth to the Land Rover Sale, I think it was the first year I was working as an agent for Goffs, and he made 130 grand. We sold him again to Nicky Henderson and David Minton, funnily enough, and he turned out to be O O Seven (Ire). From thinking I was an eejit, Kenny must have suddenly thought that I was a genius, but maybe the truth was somewhere in the middle.
For the next few years after that, I was only doing bits and pieces for Kenny and I bought him a mare called Asturienne (GB) (Sleeping Car {Fr}) off Alan King. She was his first broodmare and ended up breeding his first black-type horse, Carrie Des Champs (Ire) (Robin Des Champs {Fr}), and she's also bred Doddiethegreat {Ire}) (Fame And Glory {GB}). Typical of Kenny, he named that horse after Doddie Weir and all of his prize money will go towards the Doddie Weir foundation for motor neurone disease.
It was five years ago when I went up to Kenny's box at Cheltenham. I'd noticed he'd started to spend a few quid through different agents, which was all fine, but he wasn't having any success. He'd given a lot of money for a few horses with no results. There was another bloodstock agent there that day chatting him up. He's actually a friend of mine and I've told him this story since and he laughs about it. But I kind of saw red a bit that day. I just felt that the whole thing was disorganised and that Kenny was going to get cheesed off with the whole thing because he'd things coming at him from every direction. It was just too disorganised.
When that bloodstock agent left the box, I pulled Kenny aside and told him that he needed to get somebody to pull it all together and organise it for him. I can tell you, I was not looking for the job myself because I had Rathmore, Qatar and Goffs to concentrate on. He asked me to do it and, after saying no a good few times, I rang my wife Sarah to see if she thought we could take it on or not, and we decided to give it a go. The following day, I was walking through the Cheltenham enclosure and met Henry and Heather de Bromhead. I invited them up to meet Kenny and they got on like a house on fire. We bought Sinoria (Ire) (Oscar {Ire}) at the Cheltenham sale that week and then we bought Honeysuckle the following month at the Goffs Punchestown Sale.
BS: It has snowballed, hasn't it?
PM: Yes, and the idea is to concentrate on well-bred National Hunt mares, which is why I had no interest in Honeysuckle initially because I didn't think her pedigree was good enough. The idea is that they go back to Kenny's stud as broodmares. With those mares, you might have to give a lot of money for them after they win their point-to-point but, if they stand on a nail in the morning, they still have a residual value whereas the geldings don't. There's a certain safety net.
BS: Halka Du Tabert (Fr) (Balko {Fr}) was impressive at Naas on Tuesday and looks another smart recruit for Kenny. What other running plans are there for over Christmas?
PM: She was very good and she'll go to Fairyhouse for the Solerina Mares Novice Hurdle next. We've a nice juvenile hurdler, Gala Marceau (Fr) (Galiway {GB}), who won a listed juvenile hurdle for fillies impressively at Auteuil. She's smart. Gauloise (Fr) (Samum {Ger}) is also back from injury and will hopefully run over the Christmas as well.
BS: And you must be sick of re-telling the story of how you came to buy Honeysuckle at this stage.
PM: Our scouts told us about how impressive she was in winning her point-to-point and, I'll have to be honest, I didn't even look at her race. I took one look at her pedigree and didn't think it was good enough. As a Goffs agent, I wanted to show support to the sale so I went down to look at her and she was a big, raw and narrow thing–she was like two boards slapped together. I thought, 'if she could win as impressively as they are all telling me that she won, she must be good.' I went and watched the race and she was unbelievable. I rang Henry and Kenny and told them that maybe we should reconsider her.
BS: Being by Sulamani she could go to any stallion, couldn't she? Have you thought that far ahead or do you want to get her racing career over and done with first?
PM: I have already talked to a stallion master. All you need to do is look at the National Hunt sales to figure out who she will be going to see. She's booked in to Walk In The Park, all going well. That's the plan.
BS: And what about Henry's role in the whole thing? I know that you are very close with him.
PM: I can remember the first time I met Henry and it's probably not far off 40 years ago when we were in school. I was in fifth year and I think he was in first year. I can remember that he had a pudding bowl haircut! I remember him because he was a de Bromhead and we all knew his father Harry as being a successful trainer. Henry was a cheeky little pup! We've always been friendly and, I've said before, great horses bring people together and between Honeysuckle, Sinoria, Minella Melody (Ire) (Flemensfirth), we've had huge success with the de Bromheads and have become closer and closer with them and the kids down through the years. They are such a lovely family. They are phenomenally strong people. I am full of admiration for them.
BS: What will the next few months entail with a view towards the Land Rover? A lot of work has gone into that sale in the last number of years and it's amazing how much the quality has risen as a result.
PM: There is a great team at Goffs and everyone is really enthusiastic. The first thing we did was target the horses. The year we sold O O Seven, we also had Tombstone (Ire) (Robin Des Champs {Fr}) in our draft and a lot of people at the time were asking me why I didn't have them in the Derby Sale. My attitude was, Eddie O'Leary, David Minton and Nicky Henderson were all at Goffs, so why would I need to go anywhere else. John Bleahan and I had a horse four or five years prior to that, Virginia Preuil (Fr) (Saint Preuil {Fr}), and we got €120,000 for him at the Land Rover. I think he was the first ever National Hunt store to make €100,000 or more at Goffs. So I had confidence that, if you had the right horse at Goffs, you were going to get well-paid for it. It took seven or eight years but slowly the confidence in the sale began to grow and people started to send better horses. The marketing team does a great job at getting the trainers and the agents in and the momentum has really grown.
BS: And obviously a huge amount of work went on behind the scenes to attract the American buyers to Goffs for the Orby and it told with the record-breaking trade. Could you see that sale developing further?
PM: A couple of years have passed since the Orby debacle at Doncaster and it was a debacle, it was an absolute disaster and nobody is denying that, so there was a lot of soul searching after it. A lot of Irish vendors were really good to us the following year and brought some lovely horses to the Orby to help revitalise it and it worked. It worked really well. This year was a step up again. The one thing people will say to you, and they said it when we were trying to build the Land Rover, is that traditionally, all the best horses have been sold at the Derby Sale or that, throughout history, all the best yearlings have been sold at Newmarket. My question is why? If the horses are in the Orby well then the buyers will come. It's an awful shame that millions of euros worth of yearlings pass the door at Goffs on their way up to the ferry every year. I believe there's no need for that. Since I have joined Goffs, I've sold everything there–at the Orby, Sportsman's and the Land Rover.
BS: The Goffs Million was reintroduced this year and I think people recognised that. Is there anything else in the pipeline or do you think they are gimmicks?
PM: I think gimmick would be an unfair word and those incentives are needed. Thinking outside the box is needed. Henry Beeby is such an enthusiast and such a hard worker. He's passionate about the whole game and is desperate to get the Orby where it should be. I've no doubt that there's going to be a lot thrown at the sale over the next five years.
BS: If you were to think big, look at how well a race like The Everest has been received in Australia. I'm not saying something like that would work here but I do think there's a bit of a disconnect between racing and bloodstock and the more we can fill in those blanks, it has to have a huge upside for the industry.
PM: Absolutely. When you mention Australia, I think that is where we need to look towards. I know they have a different funding model but one man I hugely admire, and what he did for Magic Millions and how they caught up on Inglis, is Gerry Harvey. He's done something that should be admired hugely and maybe even mimicked.
BS: And how do you view the future of Irish racing?
PM: With the way society is going and with the demonisation of gambling from certain sections, I think we need to be looking at different ways of funding the industry. I'm not sure if I am bright enough to figure it out but I think racecourses–with notable exceptions–are relying a little too much on media rights and not working hard enough on getting people through the turnstiles. There were suggestions that there might be racing behind closed doors in Britain not too long ago because it would be easier on the racecourse in question not to employ staff etc for punters on the track. I asked the question recently about what the GAA's main revenue stream was. It's people through the turnstiles. That's something we need to work on big time. If you look at Australia and the crowds that go racing and the atmosphere they can generate on course, I think it's something we need to try and emulate. The racetracks really need to work on this. I've a very good friend who doesn't have anything to do with racing and he asked me recently if our industry was totally reliant on gambling. When I told him it was, he made an interesting face, and that's the way society is going so we need to be aware of that. We really need to be actively thinking about different ways of funding the industry.
BS: And speaking about international jurisdictions, Sheikh Fahad has had heightened success in America this year.
PM: Fergus Galvin and Adrian Regan in Hunter Valley Farm have done a wonderful job. Sheikh Fahad has done a good bit of trading there recently as well. The likes of Ocean Road (Ire) (Australia {GB}), who was a high-class filly in England but goes over there and wins a Grade I. The prize-money over there is phenomenal and, when you win your Grade I over there, you can see what they are worth. She made $1.6 million at the sales. It's hard to argue with that model.
BS: And closer to home, can you tell me a bit more about Rathmore Stud? There is great history to this place.
PM: Apparently the first mention of us here is back in 1682–so we've been here a while! My grandfather William trained a couple himself. He'd a good horse Hill Of Camas and another called Timber Wolf, who I think won a Galway Plate. My grandmother owned Knight's Crest who my father rode to win the Irish Grand National when he was just 16 years' old. That was his first major win as a jockey. So there was Martin, my father, and his brother Tim, who won four Champion Hurdles in a row and I'm pretty certain he's the only person to have done that. He was crowned champion jockey five times in England and was actually left this place but decided to move to England and sold it to my father.
BS: Martin was arguably the greatest dual-purpose jockey of all time.
PM: He had already retired 13 or 14 years by the time I was born. He was only 26 when he retired and we couldn't really appreciate all that he achieved in the saddle but we certainly saw it here at home. He was gifted and was still riding 2-year-olds for me here when he was 75. People used to say to me that I was nuts to put him up but the answer was that he was much less likely to get a fall than anyone else. I think he was a horse whisperer. What he could do was phenomenal. The likes of Paul Carberry and Ruby Walsh, they have something, it's a gift. Horses just relax for them. You'd put my father up, aged 75, on a 2-year-old who'd been bucking and kicking and, as soon as he'd sit up on him, the horse would just relax. It was phenomenal to watch. He used to drive us mad as kids. He'd send us out to get a horse from the field and we'd be running around for an hour trying to catch it. He'd come out and, next thing, the horse would walk over to him. It used to drive us bonkers! He wasn't very generous with his talent–he didn't pass it on!
BS: I suppose we're seeing something similar with Rachael Blackmore in that horses seem to just run for her.
PM: When Rachael rode Honeysuckle to win the Grade 1 novice hurdle at Fairyhouse, Richard Pugh came up to me and told me that, in his reckoning, she was the first lightweight jockey to be as successful over jumps as my father was. Horses are so balanced under her and she's got a phenomenal tactical brain. I can't really compare her to my father because I never saw him ride in a race.
BS: Speaking of jockeys, a certain Oisin Murphy is back next year.
PM: Listen, he's a brilliant rider. He's stayed here a few times this year and we've gone around looking at breeze-up horses together and things like that. Please God he can keep on the straight and narrow and realise his full potential because he's a wonderful rider. He's seriously gifted.
BS: That famous Kieran Fallon anecdote from an interview with David Walsh comes to mind. He described Pat Smullen as being “the person who gives his whole life to the job to the best of his ability,” before adding, “no distractions. Great professionalism. I don't know how they do it. I've had my quirks. Pat has had his tractors.”
PM: Oisin is not alone in that a lot of supremely talented people, be that riders, footballers, musicians, actors, whatever, seem to have a bit of a kink. My father certainly had one. He was incredibly religious. It's about channeling their talent as best they can. Sheikh Fahad, David Redvers and Andrew Balding, they've all been unbelievably patient with him and he's got a great support team. It's up to him now to make the most of it.
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