Have horse will travel - incentives to race in 2023

Article by Lissa Oliver

Fitness is one thing, but placing horses in suitable races to provide the best opportunity for them is quite possibly the trickiest part of a trainer’s role. It can be hard enough to search our own racing calendar for suitable races, and yet, delving further into international calendars could well pay dividends, if not in prize money then in adding valuable black type. Despite problems with travel, the racing world grows ever smaller, and it can certainly pay to shop around and look further afield. Many racecourses will offer travel incentives to encourage international participation, and the VIP experience for visiting owners will provide a lasting memory. 

France

Close to home and a regular destination for most European trainers, prize money in France rose to €278 million last year, up on 2021 by €30 million (+12%) and on 2019 by €20 million (7.75%). The 2023 France Galop budget includes a €10 million increase in prize money, with an objective to stimulate the number of young horses in training in France. 

As a result, 19 races at Parisian racecourses will see their total prize money raised to €50,000, paid out to the first seven finishers. The winner will earn €25,000, increased by 80% for two-year-olds if the winner is eligible for the owner's premium. The total sum of earnings to the winner could be €45,000. The selected 19 races take place throughout the year and include various distances. France Galop describes them as the most sought-after and competitive events for unraced horses in the French programme, with a consistent track record of producing a number of Group horses.

In the French provinces, two races for unraced horses have been selected to be included in this scheme. They are the Prix du Four à Chaux and the Prix Didier Vezia, which will be run in September at Bordeaux. Each race will offer a total prize money of €35,000; and the winner will earn €31,500 if eligible for the owner's premium. 

The increase in prize money has also been spread throughout maiden races, and races for unraced horses, across all of France. 

The new Arqana Series is also of interest to those racing in France - the sales company offering a series of races worth €1.2m (£1.06m), open only to the yearlings and foals offered at Arqana Sales in 2022 and the two-year-olds offered at the forthcoming Arqana May Breeze Up. The Arqana Series will consist of five races, for two-year-olds and three-year-olds (the latter run in 2024) on a Thursday evening during the prestigious Deauville meeting and on the Saturday of the Prix de l'Arc de Triomphe weekend. Each race of the Arqana Series will reward both owners and vendors.

The juvenile races at Deauville will be run over 1400m (7f) for unraced horses and 1200m (6f) conditions, with a 2000m (10f) race in 2024 for three-year-olds. At ParisLongchamp, the two-year-old race will be a conditions race over 1600m (8f).

Of course, all races in France already carry a lucrative system of owners’ premiums on top of prize money. Two-year-olds and three-year-olds win an additional 80%, four and five-year-olds win an additional 55%, and six-year-olds and up receive an additional 45%. An additional 35% is paid to winners of Gp.1 races, whatever their age.

Germany

Deutsches Derby

Germany is still not yet back to the level of pre-Covid 2019, but significantly more prize money and bonuses were paid out in 2022 than in 2021 [€12.39m (£10.95m)], which will rise to €13m (£11.47m) in 2023. An increase of €2.15m (£1.90m) was recorded in prize money, and the average race value is higher than in previous years at €12,039/£10,651. The Deutsches Derby 2023 will be worth €650,000/£574,967, the Preis der Diana €500,000/£442,290, and the Grosser Preis von Baden worth €400,000/£ 353,985.

At smaller German tracks, the Harzburg meeting, 22–30 July, has significantly increased prize money for 2023, and the showcase handicaps carry €17,500/£15,475. The highlight of the meeting is the BBAG Auction Race worth €37,000/£32,683. "We want to support basic racing in particular," explains Racing Club President Stephan Ahrens, "because the costs of keeping horses have risen enormously. That is why we have increased the race values by up to 25%.” 

Scandinavia

Further afield for some, the full potential of Scandinavia has yet to be tapped, particularly the prize money on offer at Bro Park in Sweden. Bro Park covers 500 acres and has permanent stabling and training facilities, able to accommodate a further 100 horses on race days. The facilities provide the best possible environment for horses and those working with them. It is just over 30 minutes from the centre of Stockholm by car and a similar distance from Arlanda Airport.

Bro Park

Foreign raiders might be tempted by Sweden’s major race, the 2400m (12f) Gr3 Stockholm Cup for three-year-olds and up, at Bro Park on Sunday, 17 September—worth €125,825/£111,103. Earlier, on 11 June at Bro Park is the Gp.3 Stockholm Stora Pris, 1750m (8 1/2f) for three-year-olds and up— worth €89,882/£79,357. The Stockholm Cup card includes Sweden's most important two-year-old race, the 1400m (7f) Appel Au Maitre Svealandlöpning—worth €23,108/£20,424—and won by British trainer Archie Watson last year, who completed a double on the day.

On dirt, for three-year-olds and up, Jägersro hosts the 1750m (8 1/2f) Listed Pramms Memorial—worth €89,882/£79,357—21 May; the 2400m (12f) Svensk Derby—worth €223,869/£197,629,—16 July; and the €71,925/£63,509 Zawawi Cup over 1200m (6f), 16 July. Both Bro Park and Jägersro offer plenty of other opportunities at distances of 1200m (6f) up to 2400m (12f) with values ranging from €26,971/£23,809 up to €59,339/£52,386. 

In Norway, the 2400m (12f) Norsk Derby at Ovrevoll 20 August has a total value of €108,662/£96,067; and the 2400m (12f) Gp.3 Oslo Cup 15 June is worth €23,721/£20,973 to the winner. On 21 August, the Gp.3 Marit Sveaas Minnelop is run at Ovrevoll over 1800m (9f), carrying a first prize of €66,406/£58,724.

Let’s not forget Denmark, where the Gp.3 Scandinavian Open Championship for three-year-olds and up, over 2400m (12f) at Klampenborg on 27 May, is worth €57,545/£50,903, and a first prize of €31,967/£28,280. 

Spain

While there may not be high levels of prize money to chase on a regular basis in Spain, it is worth noting the major prizes in the Spanish calendar. The Listed Gran Premio de Madrid over 2500m (12 1/2f) at the end of June, for three-year-olds and up, is the major summer highlight, worth €68,000/£60,068 (€40,000/£35,330 to the winner; €16,000/£14,132 to the second; €8,000/£7,065 to the third; and €4,000/£3,532 to the fourth). 

In 2023, it will be run on Saturday, 24 June and is supported on the card by the Premio Baldoria for three-year-olds and older fillies and mares: over 1600m (8f), worth €15,000/£13,247 to the winner; €6,000/£5,299 to the second; €3,000/£2,649 to the third; and €1,500/£1,324 to the fourth.

August at San Sebastián sees the 1500m (7 1/2f) Premio Santander Cup (Criterium International) for two-year-olds, with prize money of €40,800/£36,018. The €59,500/£52,532 Gran Premio Copa De Oro De San Sebastián, over 2400m for three-year-olds and up, is the meeting highlight, worth €35,000/£30,900 to the winner; in addition to an impressive gold cup, €14,000/£12,360 goes to the second, €7,000/£6,180 to the third and €3,500/£3,090 to the fourth. On the supporting card is the Gran Premio Turismo Gobierno Vasco, 1600m (8f) for three-year-olds and up with a total prize of €40,800/£36,018. 

On Sunday, 15 October, the highlight of the Spanish season will be Champions Day, with a card that includes the Gran Premio Memorial Duque de Toledo over 2400m (12f) for three-year-olds and up, with a value of €68,000/£60,068 (€40,000/£35,330 to the winner, €16,000/£14,132 to the second, €8,000/£7,065 to the third and €4,000/£3,532 to the fourth). Also run on the day is the Gran Premio Ruban over 1200m (6f) worth €40,800/£36,018, with the winner taking home €24,000/£21,191, down to €2,400/£2,119 for fourth. A strong supporting card boasts lucrative added premiums of €5,000 for Spanish-breds.

Belgium

There are also opportunities for an average rated horse closer to home for some, in Belgium. As in Spain, the prize money might not be eye-catching, but neither is the competitiveness in comparison to similar races at home. The showpiece is the Prix Prince Rose, a National Listed Race over 2100m (10 1/2f) run at Ostend on Monday, 7 August with total prize money of €12,800/£11,304, with €8,000/£7,065 to the winner. The Prix Prince Rose is open to three-year-olds and older who have never been placed in the first five of a Pattern race. 
Ostend also hosts three interesting conditions races in July and August: the Miler Cup, 1600m (8f); the Prijs Half Oogst and BFG Galop, 1800m (9f); and the Prijs BFG and Nymphenburger, 2200m (11f)—each with a total prize money of €8,000/£7,065, with €5,000/£4,416 for the winner. They are for four-year-olds and older without a handicap value or a value equal or lower than 30kg (66 lbs). Penalties for prize money received for wins and places since 1 July 2023 are 1kg per €1,000. There is also the UAE Sprint Cup Handicap over 1000m (5f) in August for four-year-olds and older with a handicap value equal or lower than 30kg (66 lbs). See the complete list of races and conditions here: www.bgalopf.be/Meetings.htm

Britain

In Britain, the BHA, Darley and Juddmonte have come together to sponsor a high-value developmental races series of 60 races, also supported in funding by host racecourses, offering increased prize money to horses at the start of their career. As with the French developmental programme, the hope is that they will be retained to race in Britain going forward. The BHA hopes to expand on the idea of increasing the values of Flat maidens and novice races in 2024 and long-term. 

There will be 20 two-year-old restricted maiden and novice races worth €33,975/£30,000, supported by Juddmonte; 21 two-year-old open maiden and novice races worth €33,975/£30,000, supported by the BHA Development Fund; and 22 three-year-old and up open maiden and novice races worth €33,975–€56,626 (£30,000–£50,000), supported by Darley and the BHA Development Fund. The €56,626/£50,000 races will be run over longer distances to support middle-distance and staying horses.

Elsewhere in Britain, Newbury, having been infamously boycotted by trainers for one of its flat races last year, will see a 16% prize money increase this year, taking overall levels at the track to just over €6.79m/£6m. Newbury will host six novice and maiden races during the Flat season with prize money of €33,975 up to €56,626 (£30,000–£50,000).

The Racing League also returns for 2023, in which seven teams compete in 42 races over six meetings for over €2.2m/£2m prize money. The meetings for 2023 are Yarmouth 27 July, Chepstow 10 August, Windsor 17 August, Newcastle 31 August, Wolverhampton 7 September and Southwell 13 September. All races are handicaps with a range of ratings bands and distances, with normal BHA distribution for race prize money.

As with Arqana, British racing is boosted by the sponsorship of sales company Tattersalls, targeting yearlings purchased at the Tattersalls Somerville Yearling Sale, who will be eligible for the 1200m (6f) €112,826/£100,000 Tattersalls Somerville Auction Stakes run at Newmarket 26 August, as well as the 1200m (6f) €169,242/£150,000 Tattersalls October Auction Stakes, Newmarket 5 October.

Charlie Appleby-trained Regal Honour broke his maiden in the 2022 Stephen Rowley Remembered Novice Stakes at Newmarket to collect the 312th £20,000 Tattersalls October Book 1 Bonus.

The Goffs UK Harry Beeby Premier Yearling Stakes, 1200m (6f) on 24 August at York carries a guaranteed minimum value of €394,092/£350,000, for two-years-olds sold at the 2022 Doncaster Premier Yearling Sale.

Tattersalls also offer the €22,684/£20,000 Tattersalls October Book 1 Bonus Scheme for 2023. Participating owners will receive a €22,684/£20,000 bonus if their 2022 October Book 1 purchase wins a Class 2, 3 or 4 two-year-old maiden or novice race in Britain between 1 April and 11 November 2023, or any 'Open' two-year-old maiden run in Ireland between 25 March and 5 November 2023. The cost to enter the €22,684/£20,000 Tattersalls October ‘Book 1 Bonus’ Scheme is €1,928/£1,700, and there are over 300 qualifying British and Irish two-year-old maiden and novice races. All yearlings sold, bought in or failing to meet their reserve at Book 1 of the 2022 Tattersalls October Yearling Sale are eligible.

Ireland 

Tattersalls are also major sponsors in Ireland, with the Tattersalls Ireland Super Auction Sale Stakes of €300,000/£265,889, worth €150,000/£132,942 to the winner and prize money of at least €5,000/£4,431 down to 10th. Over 1200m (6f) at the Curragh, it is of course limited to those yearlings sold at the Tattersalls Ireland September Yearling Sale and the Tattersalls Ireland Sapphire Sale in November 2022.

Tattersalls also continues to support the first two Irish Classics and Gp.1 Tattersalls Gold, as well as enhanced owners’ and trainers’ facilities at the Curragh. The Irish 1000 Guineas and Irish 2000 Guineas will each have prize money of €500,000/£443,081, while the Tattersalls Gold Cup will increase in value to €450,000/£398,754.

Goffs also continue to be major sponsors in Ireland, supporting premier National Hunt and Flat races. The Goffs Sportsman Challenge Day at Naas, 14 September 2023, will be a mid-week all juvenile card featuring the 1200m (6f) €100,000/£88,653 Goffs Sportsman’s Challenge, a two-year-old race exclusive to yearlings purchased at the Goffs Sportsman’s Sale. Prize money also goes to the first 10 finishers.

Europe’s richest two-year-old race, the 1400m (7f) Goffs Million, run at the Curragh 23 September 2023, is for graduates of the Goffs Orby Sale (2022)  and is worth €500,000/£443,081 to the winner, down to €10,000/£8,869 for 10th.

Horse Racing Ireland (HRI) saw a number of restorations to prize money levels last year and an increase in funding for the IRE Incentive Scheme for breeders, which grew from €1.1m (£0.97m) paid out in 2021 as vouchers to be spent on Irish-bred horses at Irish sales, to €1.3m (£1.14m) last year. It will again provide €1.3m (£1.14m) in vouchers for 2023.

HRI’s commitment to ensuring the quality of racing is also extended to grassroots level, with a targeted increase of €1.7m (£1.5m) to prize money levels, bringing 2023 to €68.6m (+2.5%) (£60.58m).

“Prize money is a key enabler in building and maintaining the number of quality horses in training in Ireland,” says Suzanne Eade, chief executive of HRI. “Approximately 70% of horses competing [in Ireland] receive some prize money, so it is important that we prioritise its growth…in order to sustain the significant rural jobs created by the industry.” 

European Breeders’ Fund

Throughout Europe, the European Breeders Fund (EBF), with national representation in Britain, Ireland, France, Germany, Italy and Switzerland, continues to be one of the largest sponsors of races. Only the progeny of EBF registered stallions and horses nominated to the EBF can enter these races, but of course they are free to run in any EBF race throughout Europe.

The European Breeders’ Fund celebrates its 40 th year of operation in 2023 and in that time has contributed over €130m to prize money throughout Europe. The emphasis is on the two-year-old programme and fillies races, and there are valuable opportunities to be found. The EBF regularly reviews where the funds are best directed and is a vital support to both racing and bloodstock industries.

Highlights of the EBF support in 2023:

Irish EBF Ballyhane Stakes €200,000 minimum at Naas, August

British EBF 2yo series £100,000 finals at Goodwood and York, September and October

Criterium FEE €130,000 Deauville, August

Italy is recovering from difficult times and this season there will be four EBF-sponsored races with an added €2,000/£1,766 to the winner if EBF qualified.

In France, the EBF (FEE) will pay out over €1m into prize money, with over €200,000 in premiums for fillies Listed Races, and over €500,000 for two and three-year-old maidens, debutants and conditions races in both Paris and the regions.

The British EBF will in 2023 invest around €2.27m (£2m) for both Flat and National Hunt and the Irish EBF current investment has increased from €2.6m (£2.25m) to €2.7m (£2.38m), making Irish Stallion Farms EBF the largest sponsor of racing in Ireland. This year all Listed Fillies races in Ireland will be sponsored by Irish EBF and will run for a minimum of €50,000/£44,000 and all other Listed races will run for a minimum of €40,000/£35,000. Highlights include the 26-race Median Sires Series, each worth a minimum €25,000/£22,000, for horses by a sire with a median fee of €75,000/£66,045 or less. The €200,000/£177,506 Irish EBF Ballyhane Stakes has the same conditions and is the showcase, run over 1000m (5f) at Naas 7 August. The 24-race Irish EBF Auction Series for two-year-olds worth a minimum €20,000/£17,750 each has two finals, worth €120,000/£10,5672. Horses must have been bought at auction for €72,000/£63,403 or less.

*Euros converted to sterling at XE rate 03/03/2023

Dermot Cantillon - What it takes to breed winners and run a racecourse

Article by Daragh Ó Conchúir

“My philosophy is if you’re in something and you can get into a position where you can bring change about for the common good, that’s a thing to aim for. I’m not one for being a hurler on the ditch, give out and not try and do anything about it.” 

Dermot Cantillon, The Irish Field (February 24, 2018)

Living true to his motto, Dermot Cantillon ran for election to Seanad Éireann—the upper house of the Irish Legislature (the Oireachtas)—two years ago. He was prompted to do so, even though he had no political background or experience, by a firm belief that horse racing and the bloodstock industry lacked representation despite their significance to national and local economies.

As an independent candidate, the Co Waterford native was up against the powerful party machines with their established lobbies and financial clout, so it did not come as a big surprise he did not make the cut. But he would not have been true to himself and his ideals had he not had a go.

Proactivity is a default setting for Cantillon, who along with his equally industry-immersed wife Meta Osborne, owns and runs Tinnakill House Stud in the Laois village of Coolrain. As a man who has walked the walk and continues to do so, he is always worth listening to on matters pertaining to the sport and business of thoroughbred racing.

Apart from being a breeder of multiple Gp. 1 winners and overseeing a flourishing enterprise for two decades, Cantillon has also helped steward the massive strides made by Naas Racecourse in 13 years as chairman. 

In addition, the 62-year-old is chairman of Irish Thoroughbred Marketing, a director of Goffs and board member of the Irish Equine Centre. Previously, he has served as chairman and president of the Irish Thoroughbred Breeders’ Association, chairman of Tote Ireland and director of Horse Racing Ireland. 

He also served as manager of the Smurfit family’s Forenaghts Stud outside Naas for 32 years until standing down two years ago. This is a polymath on breeding, selling and running racehorses.

Osborne is the daughter of Michael, the late Irish Turf Club (IHRB) senior steward and Irish National Stud managing director. He was also the creator of Dubai as an international racing venue and of Sheikh Mohammed’s stud operations in Ireland. Meta would follow in her father’s footsteps by becoming the first woman—and still the only one—to be Turf Club/IHRB senior steward and is a current HRI director. 

She is Kildangan Stud’s chief vet, having worked there for 34 years, while her family has been inextricably linked with Naas Racecourse since its foundation.

She and Cantillon make a good couple and that they don’t agree on everything is a positive. Among the many things they shared a page on was the desire to own their own stud. They bought Tinnakill in 2002 when it was a sheep farm, and the fecundity of the land and broodmares that have inhabited it since has propagated substantial success. Among the stellar cast of those bred there are Alexander Goldrun, Red Evie (dam of Arc-winning Breeders’ Cup heroine Found) and Casamento.

As a four-time Gp. 1 winner in four countries and three continents before injury brought his career to a premature conclusion last month, State Of Rest is the best though. 

Due to the colt’s astounding feats in adding the Prix Ganay and Prince of Wales’ Stakes this year to last season’s Saratoga Derby and Cox Plate triumphs, Juddmonte made a bid for the son of Starspangledbanner’s 10-year-old Quiet American homebred dam Repose, who is in foal to Frankel. 

“To be perfectly honest, like most Irish people in the industry, I’m a trader at heart,” Cantillon relates. “By definition then, if a big enough offer comes along, you’re gonna sell. Legacy is important but at the same time being able to meet your commitments for a long period of time and the security of that is also very important; and that won it over for me. She became too valuable a mare nearly to hold on to in proportion to the other mares I had. She was worth nearly more than everything else put together. That’s a total imbalance. 

“We have a philosophy to buy taproot-type females in outstanding American and European families, and she was the embodiment of that in that her dam Monaassabaat, who we bought initially, was out of It’s In The Air, who was one of the best mares in America ever (five of her 16 triumphs were Gr. 1’s) and also a fabulous producer. So it was an overnight success that took 15 years.”

Despite the windfall, Cantillon will not be splurging unnecessarily, though he will look to improve the lowest bar. With around 40 mares, Tinnakill focuses on quantity; and thanks to their canny approach and eye for a bargain, that tends to produce some quality along the way.

“We don’t spend a lot at the sales. We buy mares from one grand to maybe seventy five. That’s the comfort zone for us, and that’s where we intend to stay. To be successful at that level, you need a lot of mares; and you hope some will make it big for you. The philosophy is probably to throw enough at the wall and some of it will stick.”

They are willing to sell their homebreds at any stage up to and including as a racehorse but will not be forced into accepting a price that doesn’t match their value.

“I see five different opportunities to sell along the way. The first one is in utero, the second one is the foal, the third is yearlings, the fourth is breeze-ups and the fifth one—the ultimate one—is in training. So within the philosophy of business, all five operate—and I’d say more so now, the fifth one. To show confidence in our own yearlings especially, we’ll keep 25 percent in them in partnership if whoever buys them asks us to do so. We’ll go to the next level on the understanding that if they prove themselves on the racetrack, they will get sold in a commercial way.

“We’d predominantly be known as foal sellers, and we sell a lot of foals in England and Ireland. People want foals that they can bring to the Orby and so on, and we sell those sort of foals. If they make money, so be it.

“We tend to keep any foal after the 15th of April. People have an idea of what a foal should look like—it’s a good, strong foal. As they head towards a May foal, the discount that you’re expected to take can be fairly big, so we don’t tend to bring the later foals to the foal sales; they tend to go on to the yearling sales. At the yearling sales, we bring mostly foals we failed to sell because we didn’t get what we thought the foal should’ve made, and also later foals.”

The demand for precocity and immediate results has inflated that specific market, but that means there is value for discerning buyers.

“What happens at yearling and foal sales is that people have a certain view of what a good foal or a good yearling should look like, and most people have exactly the same view. So if you have that particular product, you get a big premium. But for people buying horses, I think the value is slightly to either side and for a deviation of 10 percent, you might get a discount of 50. 

“So if you can forgive some slight physical flaws, these are going to be discounted significantly; and I think there’s great value if people can get away from perfection to look upon the foal and yearling more as an athlete with slight imperfections but at the same time, an athlete.

“I think for that reason trainers probably make the best buyers because they’ve seen it all, whereas often, agents are under pressure to buy the horse that ticks all the boxes.”

Fashion also applies to stallions and again, Cantillon is imaginative when it comes to where he sends his mares. He has said previously that he likes to go against the tide when selecting stallions.

“I like to breed to middle-distance horses. Last year, I bred five mares to Australia. I think he’s a very good stallion. He can get you a two-year-old, he can get you a good three-year-old, he can get you a horse you can sell to Australia for a lot of money if it shows some form. The demand for middle-distance horses is enormous and very lucrative.

“The only time I would be breeding to ‘expensive stallions’ would be a foal share. I wouldn’t be putting more than 30 or 40 grand into any mare, barring we owned a nomination. I do invest in a lot of stallion shares, and to a large extent, that dictates what my mare is going to.

“I think it’s a great business move. It’s not without risk, but you can buy a stallion share; and in most cases, you’ll get most of your money back within three or four years. And if it hits, you’ll get many multiples of it. So, I think, if you’re in the industry, you have a nucleus of mares that you can use these nominations on, it makes huge sense economically to invest in stallion shares.”

He sees the economics of horse breeding as being cyclical and thus predicts a significant downturn in two or three years, with the thoroughbred industry tending to “have a significant correction” within a couple of years of a societal recession.

There is no hint of doom in these utterances, given that he has always cut his cloth to measure, and he expects any shrewd operator to insulate themselves in preparation for what’s down the tracks. Indeed while he has expressed concern for the smaller breeders in the past, he believes the environment is more conducive to them getting a positive return for their investment now. 

“I think it’s a bit healthier than it was. The top end was very lucrative and is still very lucrative, but maybe there aren’t as many players at the very top end where there’s a lot of players in the middle tier now.

“I think that ITM and the sales companies in Ireland have done a great job in attracting American buyers. There was a significant increase in yearlings going to America from the Orby Sale last year. That’s a tremendous result. To some extent, the American market is replacing the Maktoum market in Ireland. And when you look at history, you always see that major players come and go; but the industry always survives, and I think now the American market is going to get better and better.

“There’s a couple of factors there. The injuries in turf racing are less, the number of participants in turf races are more, and that’s good from a gambling point of view. And the fact we’ve sent a lot of horses over to America now, they’re acting as advertisements for the next bunch, and they’re doing exceptionally well. So as night follows day, I think that at the upcoming yearling sales, the American influence will be huge.

“I think Charles O’Neill (ITM CEO) has done an outstanding job. To see him in action internationally is a joy to behold. That’s a role that takes a long time to get people’s trust. Our industry is based on trust, but he has it now; and a lot of markets have been opened up year-in, year-out by him visiting these places with his team. Over time there’ve been very lucrative transactions, especially for horses in training, as a result of that.”

Back at home the evolution continues, and Cantillon’s entrepreneurial son, Jack, has become a key part of a team in which manager Ian Thompson is also a vital cog.

“I think Jack is a good catalyst because he pushes you. A lot of the accolades have to go to him because I’d be at the sales sometimes and he’d be after buying a mare without me knowing. He’d never buy a mare I wouldn’t have bought myself, but he pushes the boat out more than I would and that keeps me on my toes.”

Among Cantillon Jnr’s interests is Syndicates.Racing, which focuses on the fractional ownership model and has been a resounding success on both codes in a very short span of time. The founder’s proud parents have shared the journey, and Dermot emphasises the importance placed on having a positive race-day experience. This is a central tenet of all the improvements that have taken place at Naas during his tenure.

“In terms of building the new stand, the whole concept of it was to bring the horse into the main focus. You look to your right, and you have the horses in the parade ring along with the actors—the jockeys, the trainers—you have that whole environment there. Then you look to the left, and you see where the horses will be participating. So the whole philosophy of that stand was to bring the horse more into focus.”

Osborne calls Naas her husband’s “fifth child,” and it has certainly flourished in an atmosphere that promotes and encourages imaginative thinking. Former manager Tom Ryan oversaw much of the improvement, and Eamonn McEvoy continues in a similar vein.

“The philosophy is ‘never stop.’ What’s next? Eamonn has done a super job. He’s a very progressive, inclusive person. He tries to bring everybody with him.”

Rewards have come in the form of the upgrading of the Lawlor’s of Naas Novice Hurdle to Gr. 1 status and being asked to take up the slack during The Curragh’s redevelopment. But there is clear impatience about the difficulty in climbing further up the ladder. Not yet having a Gp. 1 race on the flat is especially annoying.

“My big frustration is that within the whole structure of Irish racing there’s no pathway in how you can get better. How do you go from being classed as a second-grade track to being one of the elite tracks? I’ve asked this question five years, six years now, and nobody has been able to tell me. How do we change it so that the 13 Gp. 1 races in Ireland are not divvied out every year to two tracks? Why can’t other tracks that have a good proposition get one of those races? Why don’t we challenge the status quo for the benefit of Irish racing? Nobody’s been able to tell me why not except that they won’t rock the boat.

“Convention is an easy way of management, but it’s not the progressive way.”

In any high performance network, the existence of a clear pathway provides an incentive for improvement and as a consequence, raises standards. Why do more than trouser the media money if it doesn’t matter what you do?

“That’s exactly it. That’s what we’ve been told for generations, more or less. There are little tweaks where they give progressive tracks like Naas additional fixtures; and also, we’ve been able to increase our black-type races. But at the same time, there’s a glass ceiling there, and we need to break that for the good of Irish racing. We need to be progressive. We’re not progressive. We just maintain the status quo.

“There’s two ways we can get a Gp. 1. The first is to have an existing Gp. 1 transferred from another racecourse. The other way would be one of our races, over time because of the ratings, would qualify as a Gp. 1. At this point in time, there are one or two races that we would think could be due to be upgraded, but it hasn’t happened yet and that’s frustrating.”

There are some “outside the box” plans that are being considered at the moment that include some potential ground-breaking global partnerships. Further enhancements for the course are also in the pipeline.

As for the racing product itself, he believes maintaining quality is critical.

“My view of Ireland: we’re like what the All Blacks tend to be in rugby. If a horse wins a good two-year-old race in Naas, then he’s marketable to the whole world as that’s as good as you can get in terms of a young horse and where he’s performing. I have a lot of sympathy that everybody gets a run because I have some bad horses myself that can’t get into races, but I think it’s very important that we maintain the brand.”

He believes that the betting tax should be limited to winnings for off-course bookies but be increased to three percent. This would lead to a likely increase in funding for racing, he argues. It would also go some way to arresting the decline of the on-course betting ring that used to be central to the race-day experience.

“We need to give an advantage to bookies on track. There needs to be something which makes you go racing if you want to bet and a differentiation between off-track and on-track in terms of the three per cent could be a big help.

“When I was on the board at Naas first around 25 years ago, a very good race meeting could turn over a million pounds on-track. Now we’re looking at 150 (thousand). There’s a crisis. We need to do something radical about the crisis. My solution would be to have no tax on-course and increase the tax off-course on winnings.”

This might also help increase attendances, which despite what some industry leaders suggest, has to be a cause for concern with racing’s supporters getting older by the year.

“We’re nearly totally dependent on media rights money to operate the racecourse. You could do a strength-and-weakness analysis, and a massive weakness is its dependence on the media rights. Because of the media rights, we’ve maybe neglected the attendance.

“We now have a new audience, which is the digital audience and… people don’t travel to race meetings like they used to, so the emphasis has to be on the local audience, and we have identified that at Naas. We have taken a number of steps, and we’re going to take more to be more and more part of the Naas community. If we’re going to get people back racing, we see our growth within Naas and its environs.”

It is a recipe that has worked for a number of regional venues but has not yet been utilised, successfully at least, by too many. And as Cantillon has already suggested, media rights income has removed much of the incentive to bother doing so.

That said, he understands the disappointment of some of the smaller racecourses that feel the distribution of the media rights income has been inequitable. 

“Something like an extra seven-to-nine percent went back to central funds when the last agreement was made. I was in the room when the thing was voted on, and people were looking at how much extra they were getting; and they were so happy about how much extra they were getting, they didn’t really think of the implications of giving an extra seven or eight per cent to Horse Racing Ireland. Horse Racing Ireland said, ‘Oh that’ll all come back in grants.’ And as a totality, it came back in grants. But for certain racecourses, it didn’t come back proportionally because if a track couldn’t come up with 60 percent of the cost, they wouldn’t get the 40 percent grant; and I understand their frustration.”

The current deal concludes next year, and he yearns for a “unified approach” towards negotiating the next one. But whatever unfolds, positive or negative, Dermot Cantillon will be putting his best foot forward. He knows no other way.