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Thread: O'Leary pulls out of Racing

  1. #1
    Degenerate Member DeadParrot's Avatar
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    O'Leary pulls out of 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.
    Irish racing as a whole will find it difficult, if not impossible, to replace O’Leary’s annual investment in the sport, which has been credited with a major role in Ireland’s resurgence at the Cheltenham Festival in recent seasons. For Elliott, it could prove to be a disaster.
    “Michael is a big family man and his children are now growing up and, given his very extensive work commitments, he now wants to spend more time with his wife and family,” Eddie O’Leary, the owner’s brother and racing manager, said on Tuesday.
    “As a result, we are not going to be buying any more stores or young horses. We’ve just had the best season we have ever had in Ireland in terms of winners and it’s been an amazing year, capped by Tiger Roll winning the Grand National for the second time last month.
    “We have lots of young stock to be allocated amongst our trainers over the coming weeks and each of our trainers will receive their usual allocation of young point-to-pointers. Each and every one of these horses will remain in the Gigginstown colours for the entirety of their career so hopefully we have many more great days to look forward to in the future.”

    https://www.theguardian.com/sport/20...cing-ownership
    Last edited by DeadParrot; 14-05-2019 at 16:46.

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    I look forward to the day when we don't have to see the smarmy prick's mug on the telly on every day of the Cheltenham festival.

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    Degenerate Member punter bren's Avatar
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    Quote Originally Posted by ONEDUNME View Post
    I look forward to the day when we don't have to see the smarmy prick's mug on the telly on every day of the Cheltenham festival.
    PUNTER BREN

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    Must be making no money if he couldn't keep it on as a going concern.....he'll have to find the brother another job

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    Degenerate Member DeadParrot's Avatar
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    Quote Originally Posted by ceiphas50 View Post
    Must be making no money if he couldn't keep it on as a going concern.....he'll have to find the brother another job
    He's ridiculously overexposed but I fear the lack of money in the game is a huge loss for Irish racing

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    Think that Guardian reporter needs to do a colour vision test.
    Last edited by clancy; 15-05-2019 at 09:50.

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    Degenerate Member fridge's Avatar
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    Quote Originally Posted by ceiphas50 View Post
    Must be making no money if he couldn't keep it on as a going concern.....he'll have to find the brother another job
    Writing on the wall when he couldn't afford willies prices , feel sorry for the ones who will lose jobs because of it ,Gordon Elliott's set up is on 50% of gigginstown horses
    Barry breaks the windows of his Broken Home have a guess his tiny minds been scarred. ian dury,rip
    2018 Cheltenham festival winner not proud just boasting lol

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    My guess is that he is going to switch to the dogs - He could be big in Mullingar and Longford.

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    Degenerate Member fridge's Avatar
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    Lol
    Barry breaks the windows of his Broken Home have a guess his tiny minds been scarred. ian dury,rip
    2018 Cheltenham festival winner not proud just boasting lol

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    Listened to TW on radio talking about O'Leary, he was disingenuous in his comments with sly digs that he wasn't really into racing that much and that he only appeared at big meetings and wasn't interested in the day to day racing,

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    I presume T stands for ted - don't like him - Katie is the only one of them I like.

    Disgraceful thing if he said that - had no horses from Gigginstown himself I presume.

    Is there a podcast of that available?

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