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Moyglare Stud 40% Downsize Over 18-Months

Wednesday, 27th June 2007

In Ireland, Moyglare Stud manager Stan Cosgrove revealed the farm "is planning to downsize its breeding operation over the next 18 months," reported racingpost.co.uk. The reduction "could see numbers at one of Ireland's largest breeding centres (bought in 1962 by Zurich-based Walter Haefner) drop by almost 40%". Cosgrove confirmed: "Our main concern is we want to get more quality & less quantity. We have 160-odd horses here & we intend to gradually get that figure down to somewhere near 100 by 2009, but it doesn't mean job cuts or anything like that." Cosgrove (who joined Moyglare as farm vet in 1963, before becoming manager in 1971) claimed the "competitiveness of Irish racing" had forced this evaluation of the business: "Racing is more competitive in Ireland these days than the likes of Britain or France, so we are hoping to raise the bar by hopefully improving the stock. We only race at Gr1 or Gr2 tracks & Mr Haefner said at the beginning when he purchased Moyglare Stud Farm it wasn't fair to smaller owners, so to concentrate on bigger tracks. If the horses weren't good enough for the bigger tracks then the idea was to get rid of them. These days you need a very good class of animal to compete at those bigger tracks." Moyglare uses Curragh-based Dermot Weld & Christophe Clement in the US as its 2 principal trainers & "that will remain the case for the coming year, although the plan is to increase the American side of the business".

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