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  • TALLY-HO- AS CLEVER AS A FOX AS THEY HUNT FURTHER SUCCESS

    Tally-Ho Stud in Westmeath has emerged from the pack to become the third-largest operator in the Irish flat stallion market, sitting just behind industry giants Coolmore and Darley. In 2026, the farm will stand eight stallions, a blend of proven performers and unproven but commercially appealing young sires.

    To the dismay of traditionalists, Tally-Ho has no hesitation in having its stallions cover over 200 mares. With a sizeable broodmare band of their own, the O’Callaghans ensure that each stallion receives a strong initial book of mares. Their strategy is built on scale: more runners mean more chances for success, and Tally-Ho executes this numbers-driven model exceptionally well. Less is never more in this model.

    If the initial crops fail to excite, Tally-Ho is quick to remove underperforming stallions from the roster. When I last reviewed their line-up in 2021, they stood seven sires; but since then, Cotai Glory, Galileo Gold, Inns of Court, and Kessaar have all been moved on after failing to deliver the desired results on the track.

    Over time, the O’Callaghan family has built a strong reputation for producing successful stallions with a consistency that goes beyond mere luck. It would be no great surprise to see that streak continue in the years ahead.

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    Below is my review of the stallions on their roster for 2026.

    1. Mehmas €70,000 ( €70,000) (2014 Acclamation ex Lucina by Machiavellian size 15.3 or 16.0 depending on which website you believe)

    Verdict: At the price- meh…but for now he still has mass appeal

    Wise Approach’s victory in the Middle Park and Believing’s Group 1 success in Meydan brought Mehmas’s tally of top-level winners to nine. His yearlings also performed strongly in the sales ring: 110 sold for an average of €135,000 and a median of €108,000, a good return from a crop conceived at €60,000. His career bears striking similarities to that of Dark Angel—both similarly bred, both retired at two, and both upgraded modest mares early in their careers before earning access to better ones as their reputations grew.

    Wise Approach emerged from a crop of 206, and Mehmas will have 187 two-year-olds hitting the track next season—ample ammunition to maintain his momentum. Breeders know what to expect with Mehmas. He gets good two year olds and sprinters, with some staying a mile. This profile suits the commercial market. There will be more stamina laden pedigrees amongst the mares to have visited him in recent crops so he may get some who stay or mature at a different rate to his previous best.

    At €70,000 there isn’t a lot of margin of error in his price. He has rewarded those who used him to date but unless he starts to get some classic/Guineas types, he risks plateauing as a commercial sire.

    2. Starman €40,000 €10,000 (2017 Dutch Art ex Northern Star by Montjeu size 16.1 h)

    Verdict: May still be upside/ things looking up

    Champion first season sire, 40 winners from 113 runners with 4 Group winners including a Group 1 winner. The success was reflected at the sales with an average of €102k and a median of €65k for a crop that was conceived at €15,000. A lot of breeders will have gone home from the sales very happy indeed. The big word of caution about his performance is the sheer volume of offspring that gave him a significant advantage over his rival first season sires. With 211 representatives he had what would traditionally be four or five crops worth of runners so 5 stakes winners is not exceptional. In his defence, his percentage of winners/runners was also very good. He will have 140 two year olds in 2026 to keep his name in lights but if he has a quiet year purchasers suddenly start noticing all the inevitable dross in such large books.

    The next question is whether he can build on that first season? Interestingly, he was unraced at two, and a mere Listed winner at three before showing his best form at four winning the Duke of York and July Cup en route to champion sprinter status. This gives hope that progeny will not alone train on but could improve. He seems to be reliably throwing sprinter types rather than seeing his broodmare sire Montjeu exerting any stamina influence. That is of no concern if he can continue to deliver the winners. Tally-ho have resisted the temptation to go overboard with the fee hike and that should ensure bumper books to come as well as leaving something for the commercial breeder. All told he is sensibly priced for next season.

    3. Kodiac €20,000 ( €25,000) (2001 Danehill ex Rafha by Kris size 16. 0 1/2h

    Verdict: I’m bearish on him/time for hibernation

    Kodiac is the rags to riches sire who brought Tally-Ho stud to new heights. He has served breeders well over the years and out-performed as a sire of sires. At 25 he is obviously in the dotage of his career and there will be concerns about his fertility. There is also the belief that the progeny of a stallion generally decline with age. Kodiac is still capable of getting results on the track but at this stage he is easy to overlook unless you had a particularly good deal arranged for perhaps a young mare.

    4. Maranoa Charlie €20,000 €na (2022 Wootton Bassett ex Koubalibre by Galileo

    Verdict: Just one of a lot of pretenders to succeed Wootton Bassett

    Another son of Wootton Bassett to arrive on the roster and this one is more typical of what we expect from Wootton Bassett. Maranoa Charlie was very impressive on his first 3 starts winning by daylight including the Prix Thomas Byron. The season finished with a disappointing defeat at odds on in the heavy ground Criterium International. He returned at three and won the Prix Djebel over 7f before a series of defeats in City of York Stakes, the Prix Jean Prat and the Prix Texanita. However a most welcome Group 1 came his way when he was a comprehensive winner of the Prix de la Foret. He is out a Galileo mare and his second dam Kheleyf’s Silver is the dam of Tiggy Wiggy, who was one of the horses who helped propel Kodiac to the top table. It’s not a deep pedigree but being by Wootton Bassett out of a Galileo mare should seem sexy enough for most breeders.

    Maranoa Charlie is a much more typical Wootton Bassett than King of Steel and the markets usually prefer that predictability. He will be competing head on with Coolmore’s new sires Henri Matisse (€20,000) and Camille Pissarro (€30,000), but both of these were dual Group/Grade 1 winners. Tally-Ho is one of the few operations that can allow him the opportunity to compete on equal numerical terms. With more and more sons of Wootton Bassett coming on stream it may prove difficult to stand out and he is fully priced relative to his Coolmore rivals.

    5.King of Steel €15,000 €20,000 (2020 Wootton Bassett ex Eldacar by Verglas size 17.0 h)

    Verdict: Interesting to see can they turn this one to gold

    This is an outlier on the Tally-Ho stallion roster. He is very big, wasn’t precocious and stayed well enough to finish second in the Derby. The positives are that he did win a Champion Stakes, was runner up in a Derby and on ratings is the best son of Wootton Bassett at stud in Ireland. His pedigree is free of Sadler’s Wells and would suit a large portion of the Irish mare population. Aside from Tally-Ho, his racing owners Amo promised to support him at stud with suitable mares. The negatives are that he is from a relatively modest distaff line, his size seems more suited to the National Hunt realm and he missed a season and his reputation dimmed after he was kept in training but failed to appear at four. The stallion barns are also rapidly filling with other sons of Wootton Bassett who are competing for the same mares.

    Wootton Bassett’s sons haven’t really shone with Almanzor not living up to expectations and Wooded not attracting much notice. This fellow stayed better than most and was also different in that he matured later. Wootton Bassett defied predictions and this lad may also surprise. It will be interesting to see if the Tally-Ho broodmare band clicks with him.

    6. Big Evs €15,000 €17,500 (2021 Blue Point ex Hana Lina by Oasis Dream size 16.0 h)

    Verdict: Big Ifs but a big chance

    You can understand why Tally-Ho wanted Big Evs. He was a top two year old by a fashionable sire from a very strong female line and he trained on quite well. In a market that rewards speed and precocity his race record reads well. A Royal Ascot winner of the Windsor Stakes, he won the Molecomb and Flying Childers before picking up a Grade 1 at the Breeders Cup Juvenile Sprint. He resumed winning ways at three picking up a Listed prize before finishing 3rd to Asfoora and Regional in the King Charles III Stakes at Ascot. He then defeated Asfoora and Believing in the King George Stakes at Goodwood but didn’t feature in his final two starts in the Nunthorpe and Breeders Cup. Overall he won 6 of his 11 starts and he never ran beyond 5 furlongs. In hindsight he was very well bought at 50,000 guineas. Blue Point has made an impressive start to his stud career and will stand for a new high of x in 2026. Big Evs is the first of Blue Point’s sons to go to stud but he will be joined in 2026 by Rosallion. Big Evs’ dam was only modest on the track but his granddam is the unbeaten Cheveley Park winner Queen’s Logic and her dam Lagrion is the dam of classic winners Dylan Thomas and Homecoming Queen. It is a prolific female line that is one of the best of the modern era.

    Nobody will be using Big Evs in the hope of getting a classic type. He is all about satisfying the commercial need for speed and precocity and if he can deliver those he will keep the market happy. He has to have a better chance than most to deliver a return at the sales but whether he will also deliver on the track is a big if.

    7. Good Guess €12,500 €12,500 (2020 Kodiac ex Zykina by Pivotal size 16.0 h)

    Verdict: Your guess is as good as mine

    It’s understandable that Tally-Ho would stand a son of Kodiac. Good Guess was a Group 1 winner of the 7 furlong Prix Jean Prat and also won the Grp 3 Prix Djebel. The Jean Prat isn’t always the strongest Group 1 but he won well -albeit the likes of Chaldean and Charyn who were well behind weren’t at their best. His overall race record was 4 wins from 9 starts and a Timeform rating of 121 indicates that he was good but lacked the wow factor. He comes from a strong Cheveley Park family with his granddam being Guineas, Coronation and Lockinge winner Russian Rhythm. Sons of Kodiac have done reasonably well despite covering at cheaper fees with Coulsty, Ardad and Price of Lir all being Group 1 sires. Hello Youmzain has got better opportunities in France but to me hasn’t really justified his fee and Kodi Bear hasn’t kicked on after a promising start. Good Guess will have 171 runners in his first crop in 2027 so he will have plenty of chances to succeed.

    8. Persian Force €10,000 €8,000 (2020 Mehmas ex Vida Amorosa by Lope de Vega size 16.0h)

    Verdict: Surprised by the fee increase

    Another former Amo horse, he gives a lower cost entry point to the Mehmas line. He has a passing similarity to his sire as a Group 2 winner of the July Stakes and he was placed in the Phoenix Stakes, Prix Morny and Coventry Stakes. He was precocious enough to win the Brocklesby and he is aimed at the precocious speed sector. His dam was unraced but has also produced Gubbass who is a Group class full brother to Persian Force. Overall its an underwhelming female line. We don’t have a lot to go on in terms of Mehmas as a sire of sires. Supremacy had his first two year olds this year for Yeomanstown and they didn’t wow. In general, the early sire sons from rags to riches sires tend to be a bit light on the distaff line and this hinders their chances. As a horse who failed to win a Group 1 from a modest female line I don’t see Persian Force as representing good value. He had decent yearling sales in 2025 but it was still very surprising to see him get a fee increase.

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  • Darley Fees 2025- The Irish sires

    Darley now have 22 sires on their flat roster across the UK, Ireland and France. The Irish roster for 2025 comprises the same nine sires who covered 1123 mares in 2024. This is an average of 125 mares per sire which is only slightly behind the average coverings per sire at Coolmore. Notably, Darley’s Irish sires were considerably busier than their 12 UK counterparts who covered an average of 101 mares per sire. The Irish roster is low on diversity with four sons of Dubawi, two sons of Shamardal and one each for sons of Galileo, Elusive Quality and Oasis Dream. It is a good roster but it would have been nice to see some new faces, more diversity in the sire lines and voluntary restrictions on book sizes.

    1. Night Of Thunder €150,000 (€100,000) 16.0 1/2 hh (2011 Dubawi ex Forest Storm by Galileo)

    Verdict: Beginning to rumble


    Two new Group 1 winners in Economics and Desert Flower prompted a big hike in his fee. 2024 also saw him sire five other Group winners including Fairy Godmother who also seemed destined for the top and 12 Listed winners. Economics was bred at €25,000 and Desert Flower off a €75,000 cover so his good season will be a relief to breeders who used him at €100k in 2024 and 2023 in the expectation that his best days were still to come.

    Night of Thunder’s first crop was exceptional, eventually yielding 22 stakes winners from 112 foals. His subsequent crops weren’t nearly as impressive. He had 17 stakes winners from the next three crops and surprisingly he had sired only two Group 1 winners in Europe (Highfield Princess and Thundering Nights) from his initial four crops. His career stats are good with 54 black type winners from 627 foals of racing age to the end of 2024 (8.6%). Physically Night of Thunder is a far from perfect specimen and it won’t have gone unnoticed that Economics appeared to bleed after the Dante and Champion Stakes. However, his yearlings had a median of €246,750 so the market has embraced him and he now looks set to be a fixture among the elite European sires. At his new fee he needs to be consistently siring 2-3 Group 1 each year. He attracted 130 mares in 2024 but with his best bred crops to come, he may be able to justify his new rating.
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    2. Blue Point €100,000 (€60,000) 16.1 hh (2014 Shamardal ex Scarlett Rose by Royal Applause)

    Verdict: Making waves
    He has surpassed expectations and to sire three Group 1 winners in his first crop is impressive. Big Evs and Kind of Blue are sprinters but Rosallion was a top miler and the ability to sire milers makes a big difference to his commercial appeal. His yearling median in 2024 was €99,750 (albeit for a crop conceived at €40,000) so his new fee will require the market to show even more love. He has sired 13 stakes from the 281 named foals in his first two crops which is only 4.6% but that percentage should increase as those crops have their three and four old year careers in 2025. There are already an impressive 97 winners from the 158 named foals in his first crop(61%) so he will be popular with trainers. The question will be whether he can maintain his momentum? His two year old’s of 2024 included the unbeaten Group 2 winner Sky Majesty and a pair of Listed winners amongst 33 winners so that was encouraging . Racingpost stats show his progeny average winning distance is 6.5 furlongs with only Havana Grey of the top twenty sires showing a lower average winning trip. There is nothing wrong with being a sire of sprinters but commercially it matters. That is why the success of Rosallion was important as the perception that he sires milers may outweigh the reality that he is primarily a sire of sprinters.

    I had my doubts about Blue Points prospects given that he came from an unremarkable female line, he was an atypical Shamardal in terms of distances and he was best at five. Now the fact that he improved with age, augurs well for further success for his initial crops. Its interesting that his dam is by Royal Applause who is now such a prominent feature in pedigrees via his son Acclamation and grandsons Dark Angel and Mehmas. At his new fee, he is pricey for a sprint sire but a fee of €60,000 attracted 161 mares in 2024 so he has lots of fans. He is clearly a good sire but he is fully priced for now.

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    3. Teofilo €30,000 (€30,000) 16.2 hh (2004 Galileo ex Speirbhean by Danehill)

    Verdict: Doesn’t pack the same punch as before

    Next year will be the 5th consecutive season that he stands for €30,000. He has compiled a very credible career record with a current tally of 24 Group 1 winners that included at least one Group 1 winner in each of his first 11 crops the most recent of which is Nation’s Pride from his 2019 crop. He has 99 stakes winners (7%) and has a good reputation as a broodmare sire. His yearling median last year was €43,000 so there is little commercial upside off a €30,000 covering fee and that will dissuade commercial breeders. We know that statistically older sires are less effective but he would still have been a good option for a younger mare if they had considerably reduced his fee. I was a fan of his throughout his career but at €30,000 and 21 years of age he is now overpriced.

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    4. Ghaiyyath €20,000 (€25,000) 16.2 hh (2015 Dubawi ex Nightime by Galileo)

    Verdict: Big Horse, now a big gamble

    His first runners resulted in 12 winners from 44 runners in a crop numbering 101. There were no stakes winners but Stanhope Garden was Group 3 placed and there were some promising end of season maiden winners. As a big horse who got better with age no one was realistically expecting two year old fireworks. He did enough to give hope that he may succeed as a sire but not enough to inspire confidence that he will succeed. His yearling median dropped to €41,626 off a €25,000 covering fee reflecting market nervousness. His progeny will improve with time and stars may emerge but given the modest fee reduction a cautious approach is advised for now.

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    5. Space Blues €16,000 (16,000) 15.3 1/2 hh (2016 Dubawi ex Miss Lucifer by Noverre).
    Verdict: Good chance of lift off

    He had 11 wins and 4 places from 19 runs including success in the Breeders Cup Mile, Prix de la Foret and Prix Maurice de Gheest. He only ran once at two when winning a maiden, but with 109 two year olds to run in 2025 he will be amongst the favourites for the first season sire title . His dam was high class winning the Challenge Stakes. He is free of Sadler’s Wells and Danzig so he is an outcross option for many Irish mares. Normally I would expect a fee reduction for a fourth season at stud but perhaps because he attracted 177 mares in 2024 they saw no need to stoke demand. I fancy him to do well as a sire but as with any unproven sire that is only guesswork until we see the merit of his first runners.

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    6. Native Trail €16,000 (17,500) 16.1 1/2 hh (2019 Oasis Dream ex Needleleaf by Observatory).
    Verdict: Proceed with caution

    An unbeaten two year old who won the National Stakes and the Dewhurst, he was runner up to Coroebus in the Guineas but gained classic success in the Irish Guineas. That proved his last victory as he had two further unsuccessful runs at three and no success from his two runs at four. He was reported as having a wind operation in the Autumn of his three year old season but that didn’t worry the owners of the 179 mares who visited him in 2024. Oasis Dream hasn’t a great record as a sire of sires. Showcasing did well but Aqlaam, Arcano, Muhaarar, Power and others all failed to make a significant impact. Coincidentally Power also won the National Stakes and Irish Guineas. Native Trail comes from a strong female family with names such as African Rose, Calyx and Distant Music all appearing on the page. As a dual Group 1 winner at two and a classic winning miler at three he ticks a lot of boxes for commercial breeders. I was still surprised at his popularity but time will tell whether he justifies that support.

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    7. Earthlight €12,500 (€15,000) 15.3 hh (2017 Shamardal ex Winters Moon by New Approach)

    Verdict: Needed a much brighter start
    Earthlight , Pinatubo and Victor Ludorum were the three unbeaten sons of Shamardal who dominated the two year old season in 2019. Earthlight had 113 two year olds last season of which 62 ran, 20 won and there was a single stakes winner in the Group 3 winner Daylight. As Prix Morny and Middle Park winner, his progeny were expected to be precocious and the lack of fireworks provoked a strong market reaction that saw his yearling median drop from €75k in 2023 to €25,091 in 2024. Earthlight’s three parts brother Shadow of Light won the Middle Park and Dewhurst but his emergence isn’t going to change anyone’s mind about Earthlight’s prospects. It’s not inconceivable that he could turn things around, but if I was a commercial breeder I would be slow to spend €12,500 on that possibility.

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    8. Naval Crown €9,000 (€10,000) 15.3 hh (2018 Dubawi ex Come Alive by Dansili)

    Verdict: Far from watertight

    Naval Crown earned his berth at stud courtesy of an unexpected victory at 33-1 in the Jubilee Stakes at Royal Ascot. His overall record was four wins from 20 starts so whilst he had talent (he also finished runner up to Alcohol Free in the July Cup) he wasn’t a superstar. His female line is unexceptional and better judges than me have cribbed at his physique. All of those factors explain why he is the cheapest of the Dubawi’s on the roster. His relatively low price was enough to offset some peoples reservations and he attracted 118 mares last year. Despite Dubawi’s stellar reputation as a sire of sires there are still plenty of dud sire sons on his cv and this guy will have to outperform expectations to succeed.

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    9. Raven’s Pass €7,500 (€7,500) 16.1 1/2 hh (2005 Elusive Quality ex Ascutney by Lord at War)

    Verdict: Another Pass
    He has good percentages for a stallion at this fee with 40 stakes winners (6%) but his best days are behind him. There are only 2 stakes winners in his crops born since 2018 albeit none of those crops had more than 38 named foals. He also had a bad year at the sales with only 4 out of 10 yearlings selling for a median of €3,755 and he attracted only 24 mares in 2024. Understandably, there will be no clamour to use him at an unchanged fee.

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    Final Word

    The stallions at Kildangan reflect the breeding ethos of our age. Only one of them (Ghaiyyath) won over 12 furlongs and it was his victories over 10 furlongs the endeared him to breeders, not his stamina. Three of the sires (Space Blues, Native Trail and Naval Crown) have yet to have runners and Earthlight and Ghaiyyath saw their first runners in 2024. They are heavy with sons of Dubawi . Unrestricted book sizes are the order of the day and its easy to see why research from Emily Hill shows that there is a 50% reduction in T:T horses (stamina) in the general population and a 70% increase in C:C (sprinters). It’s a competitive marketplace and Darley can argue that they are simply giving the market what it wants but they are also part of the problem as we lose stamina in the thoroughbred population and unrestricted book sizes narrow genetic diversity. There is a widespread awareness in the sector that big books, high levels of inbreeding, the use of unsound sires and the pursuit of speed and precocity to the detriment of anything akin to stamina isn’t good for the breed, but still it continues. Charles Warner’s quip that ‘Everybody complains about the weather, but nobody does anything about it’ might also apply to the Irish breeding sector.



    One response to “Darley Fees 2025- The Irish sires”

    1. Mickey Avatar
      Mickey

      I find these reviews exceptionally helpful Can’t help but agree (and have been banging on for ages) that we lose the TT at our peril. The Japanese get it. In UK/Ireland the lack of genetic diversity is a massive problem. We need quality stallions with a lack of SW and Galileo in the pedigree, and double down on the production of (unfashionable) staying middle distance horses. That said, I am a big NoT fan and think 100k spot on as pricing goes.

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  • Coolmore’s 2025 Fees Reviewed.

    The return of mares data showed almost 2800 mares covered by Coolmore’s 21 flat stallions in 2024 ranging from 4 for Magna Grecia to 273 for Calyx. The average number of mares covered by a Coolmore flat sire was 133 so they are busy boys. Their Irish flat roster for 2025 comprises 20 stallions following 4 departures and 3 new arrivals. Dropping off the roster were Ten Sovereigns, Arizona and Magna Grecia who had failed to make an early impact and Sottsass who was sold to Japan despite it being too early to fairly assess his merit. The new arrivals are a pair of Derby winners in Auguste Rodin and City of Troy and a first son of Dubawi in Henry Longfellow. Wootton Bassett is now top dog but he lacks the dominance of some of his predecessors in that role.

    Below is my assessment of their published fees for 2024, starting with the priciest sires.

    Stallion €2025 fee (€2024 fee)

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    1. Wootton Bassett €300,000 (€200,000) (2008 Iffraaj ex Balladonia by Primo Dominie)

    Verdict: A good year but it didn’t warrant a €100,000 price increase

    Coolmore will be well satisfied with their investment in Wootton Bassett. I’m not convinced that he warranted the big fee hike but if people have €300,000 to spend on a covering fee they probably don’t tend to shop around for bargains. Four Group 1 winning two year olds (Camille Pissarro, Henri Matisse, Tennessee Stud and Twain) were backed up by six other Group winning two year olds. He ate the lunch of his stud mate No Nay Never and only the winner machine that is Mehmas challenged him for primacy in the European two year old rankings.

    His highest rated two year old, Henri Matisse is rated 113 by Timeform which is the joint 10th highest rated by Timeform. They were good horses but not memorable performers. Commercially his yearling median in 2024 was €250,000 which was less than his fee for next season. He finished 8th on the overall European prize money list but he can expect to improve upon that in the coming years with the offspring of big books due to emerge.

    In my elite sire rankings, I would have him behind Frankel, Dubawi and Sea the Stars. Lope de Vega, Night of Thunder and Kingman offer as much for lesser fees. Wootton Bassett was hard to pigeon hole as a sire after making his name with such diverse types as Almanzor, Audarya, Wooded and King of Steel. However, it’s as a two year old sire that he now seems to be thriving and he is pricey for a two year old sire so he will need to get more classic types to warrant that blockbuster fee.

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    2. No Nay Never €125,000 (€150,000) (2011 Scat Daddy ex Cat’s Eye Witness by Elusive Quality)

    Verdict: Still overpriced, Mehmas is €70,000

    There is a slow release of air from the No Nay Never bubble rather than a sudden popping. Whistlejacket (a full brother to Little Big Bear) won a Prix Morny but was beaten in three other Group 1’s. Bubbling and Truly Enchanting both won Group 2’s but his runners didn’t achieve enough to justify his fee. His yearling median was €128k so there was no profit for breeders who had paid €125k. His sire sons Arizona and Ten Sovereigns were dropped from the Coolmore roster as people cool on a sire who is a noted two year old sire but limited in his accomplishments with his older horses and whose progeny can be ‘hot’. His stud mate Wootton Bassett overshadowed him with two year olds and Mehmas looks better relative value.

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    3. City of Troy €75,000 (€na) (2011 Justify ex Together Forever by Galileo)

    Verdict: A bargain if you believe the hype, fully priced based on his actual achievements
    A cracking good two year old, he fluffed his lines in the Guineas. He was good in the Derby, woeful despite winning in the Eclipse, decent again in the Juddmonte and then nowhere near good enough for the dirt specialists. That would still be a lovely cv but he is not ‘Frankelesque’ and he generated hype and praise from Aidan O’Brien and connections that was substantially out of kilter with what he demonstrated on the track. He will be the first son of Justify to stand on these shores. Coincidentally, we also witnessed an extraordinary level of guff spoken about the merits of Justify as a sire in the past year including Aidan O’ Brien saying that as a sire Justify could be ‘the best ever’. Spoiler alert he wont be the best ever, but there will be a glut of offspring by Justify out of Galileo mares running in Europe in the coming seasons and presumably quite a lot of high class performers. Is €75,000 a fair price for City of Troy?Looking at my crystal ball (actually just highlighting what is the standard operating system), I think he will be popular at that fee, he will drop by degrees over the coming years before his first runners hit the track , there will be other competing sons of Justify on the market and then he will find his place in the world. His dam won the Fillies Mile and is a full sister to an Oaks winner. He is a well balanced horse, his size was a subject of some commentary with Aidan insisting that he was in fact a giant beast more akin to a shire horse (officially 16.1). He will generate plenty of stud fees over the coming years (presumably he will shuttle as well) , he will have big books of well credentialed mares and he will have every opportunity to succeed. With varying influences for speed and stamina and his own mixture of precocity and three year old performances its hard to predict where his progeny will excel but he should be a conduit for class and he is a welcome addition to the stud ranks but it is no penalty kick that he will succeed and his fee is no bargain.

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    4. Camelot €75,000 (€50,000)- (2009 by Montjeu ex Tarfah by Kingmambo)

    Verdict: A great result in the Arc, but that doesn’t make him a great sire

    An annus mirabilis saw a fee hike back to his 2022 level. The Prix de l’Arc saw him sire the winner (Bluestocking), 3rd Los Angeles, and 5th placed Sevenna’s Knight. Bluestocking really blossomed at four and Los Angeles lifted the Irish Derby and Luxembourg won a Coronation Cup to make it a good year for Camelot. . His yearling median increased to €125,227 and an Arc winner gives him the sort of kudos that should insulate him from any dips in the coming season. His operates at around 6% stakes winners to foals of racing age which are respectable but not exceptional stats. I think the 2024 Arc may prove to be the high water mark of his career but he has earned his place among Europe’s better middle distance sires, even if he is not entirely reliable.

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    5. Starspangledbanner €45,000 (€45,000) (2006 Choisir ex Gold Anthem by Made of Gold

    Verdict: Flagging
    In Europe, Puchkine caused an upset in winning the Prix Jean Prat. In Hong Kong both Beauty Eternal and California Spangle won Group 1’s. Overall though he didn’t really do enough to enhance his reputation. His yearling median was €48,818 off a €35,000 covering fee. He is operating at a modest 4% stakes winners ratio and he is more than fully priced.

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    6. St Mark’s Basilica €40,000 (50,000) (2018 Siyouni ex Cabaret by Galileo)

    Verdict: Prayers required

    Will have his first runners in 2025 so using him this season will be a leap of faith. Predictably his fee has been shaved. His half brother Magna Grecia made no impact and has been moved onwards. Sottsass, another son of Siyouni was sold to Japan from the roster. St Mark’s Basilica was top class on the track and he may prove equally adept as a sire but I’d rather wait and see than risk €40,000.

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    7. Sioux Nation €30,000 (€27,500) (2015 Scat Daddy ex Dream the Blues by Oasis Dream)

    Verdict: Big reservations
    His yearling median held up at €40,000 despite over 100 yearlings going through the ring. A pair of Group 2 winners in Europe (Ocean Jewel and Sioux Life) didn’t set my pulse racing. 246 mares covered in 2024 follows on from 289 in 2023 and 221 in 2022. If you wanted an argument for maximum book sizes then the number of mares covered by this ordinary sire would make a strong argument in favour of restrictions. He is in no way worthy of this level of support at that fee.

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    8. Auguste Rodin €30,000 (€na) (2020 Deep Impact ex Rhododendron by Galileo)

    Verdict: No masterpiece
    16 runs for 8 wins including 6 Group ones. A Group 1 winner at two in the Vertem( aka Racing Post/Futurity/Observer Gold Cup) and a dual Derby winner at three. Better still he finished his three year old campaign with a win in the Irish Champion Stakes and the Breeders Cup Turf. On the downside, his four year old campaign saw just a single victory in a substandard Prince of Wales from 6 starts. He was 13-8 for the Guineas when finishing 12th of 14 and he finished last in the King George at three and fifth as a four year old. Coolmore reportedly turned down big offers from Japan for this son of Deep Impact and the decision to keep him in training seemed a rare mis-step. His dam was top class but was known to bleed and some of her son’s performances were dire but he typically bounced back. Saxon Warrior is bred on a similar cross and hasn’t delivered as a sire but Study of Man has done in well in Lanwades. I wouldn’t be rushing to take a chance on him at the fee.
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    9. Paddington €25,000 (€55,000) (2020 Siyouni ex Modern Eagle by Montjeu)

    Verdict: A tough station
    A huge drop in fee after just one season tells you that things aren’t straightforward. He covered 145 mares in 2024 and it will be interesting to see how many foals result. He ran up a sequence of Group 1’s in the Irish Guineas, the St James Palace, the Eclipse Stakes and the Sussex Stakes and he was clearly tough and top class. If his fertility is ok, he would be attractively priced.

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    10. Churchill €25,000 (€30,000)- (2014 by Galileo ex Meow by Storm Cat)

    Verdict: A Toothless bulldog
    Survie won a Group 2 and was runner up in the Prix de Diane but it was another very underwhelming year on the track for Churchill. The memory of the achievements of Vadeni is fading as he produces lots of dross. 192 mares visited him in 2024 and he doesn’t deserve such patronage. He has sired 25 stakes winners from his 597 foals now aged three or more, a very ordinary 4% stakes rate. He had a yearling median of €42,000 for a crop conceived at €25,000 which was better than I expected. However, he is a limited sire and for me he is best avoided as he doesn’t deliver enough stakes horses.

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    11. Little Big Bear €20,000 (€27,500)- (2020 by No Nay Never ex Adventure Seeker by Bering)

    Verdict: Might be a Boo- Boo
    His brother Whistlejacket won the Prix Morny in 2024 but that wasn’t enough to prevent a decrease in stud fee. Two sons of No Nay Never (Ten Sovereigns and Arizona) were moved on from the Coolmore roster and there is a finite market for sons of NNN. Little Big Bear was very impressive in the Phoenix Stakes and trained on to an extent with a victory in the Sandy Lane Stakes and he was runner up in the Commonwealth Cup. He attracted 156 mares in 2024 and it will be interesting if he attracts a similar sized book in 2025. He wouldn’t be my cup of tea but he is aimed at commercial breeders and he is approaching a sensible price.

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    12. Gleneagles €20,000 (€17,500) (2012 Galileo ex You’resothrilling by Storm Cat).

    Verdict: Has escaped from the rough

    Highlighted his versatility by siring a July Cup winner in Mill Stream, a German Derby winner in Palladium and a top 10 furlong horse in Calandagan. He has managed to regain a degree of respectability in the marketplace and attracted a book of 162 mares in 2024. His yearling median climbed to €32,000 off a €15000 covering fee. His progeny stay better than would have been predicted and many need time to improve, but at the money he is a much better sire than Churchill. He has 40 stakes winners from 582 foals aged 3 or more which is a credible 6.8%. He is not particularly cheap but he does bring something to the table and is Coolmore’s best son of Galileo.

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    13. Blackbeard €17,500 (25,000)- (2020 by No Nay Never ex Muirin by Born to Sea)

    Verdict: No hidden treasure
    Notably quirky on the track his reputation won’t have been helped by the relative lack of success of Ten Sovereigns and Arizona. He attracted 171 mares in 2024 following 195 in 2023. To repeat what I said last year, as a temperamental sort from an unexceptional female line I wouldn’t be in a hurry to use him at his current fee.

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    14. Saxon Warrior €15,000 (€25,000) (2015 Deep Impact ex Maybe by Galileo)

    Verdict: A bloody disaster
    The only reason he is still on the roster is presumably that it would be a slap in the face to exile him with so many foals and yearlings still to face the marketplace. He attracted just 37 mares in 2024 and in truth he is dead commercially after failing to produce anything like enough top performers. He had an Italian Derby winner in Borna in 2024 but he is simply a poor sire who won’t be retained for much longer.

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    15. Henry Longfellow €15,000 (€na) (2020 Dubawi ex Minding by Galileo)

    Verdict: Was more prosaic than poetry
    It feels strange seeing a son of Dubawi on the Coolmore roster. However it makes perfect sense for Coolmore to fill a gap on their roster and market this Group 1 winning son of the great Minding. Dubawi is compiling an impressive record as a sire of sires with Night of Thunder, New Bay, Zarak and Too Darn Hot all standing for chunky fees. Henry Longfellow was best at two winning the Futurity and the National Stakes (when City of Troy was a late withdrawal). I would have thought with his pedigree that he would have improved at three but he failed to win in five starts. His best runs were a runner up spot in the St James Palace to Rosallion and a somewhat distant third in the Prix Moulin. As an aside, for all his genius, Aidan O’Brien has never seemed at his best training Dubawi’s. His opening fee is around where I expected it to be. He brings a lot of pedigree to the table and Dubawi is sexy as a sire of sires. He was short of being truly top class but he should prove popular.

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    16. Calyx €12,500 (12,500)- (2016 Kingman ex Helleborine by Observatory)

    Verdict: Overused
    I wrote last year that I thought he might have been a bit of value but it was still astonishing to read that he covered 273 mares in 2024. No sire is worthy of a book that size and this fellow certainly wasn’t either. He has a good winners/runners percentage and he has virtues as a sire but he has only sired 4 stakes winners to date. A yearling median of €26,250 off a €12,500 fee was fine but that was for 21 yearlings sold and the market may feel more saturated when a multiple of that amount are all vying for buyers attention. For commercial breeders, he may be a victim of his own popularity.

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    17. Australia €10,000 (€17,500)- (2011 by Galileo ex Ouija Board by Cape Cross)

    Verdict: Gone South

    A deep cut to his fee probably wont be enough to reverse the slide in popularity. Attracted just 60 mares in 2024 and whilst a yearling media of €36,000 seems impressive those were off a €35,000 covering fee. Port Fairy won a Ribblesdale and he had seven stakes winners but he has lost the love of the market. His career stats are actually respectable running at 43 stakes winners from 780 current three year olds + (5.5%). His detractors will say his progeny tend to need time and generally lack a potent turn of foot . He is not going to become commercially attractive any time soon but at his new revised fee he might not be a bad option for owner/breeders not worried about the sales ring.

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    18. Footstepsinthesand €8,000 (€8,000) (2002 Giant’s Causeway ex Glatisant by Rainbow Quest)

    Verdict: Will leave no trace
    Thankfully coming to the end of his career. Covered 19 mares in 2024, his yearling median was €17,719 and that is too much for this very ordinary sire.

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    19. Holy Roman Emperor €8,000 (€8,000) (2004 Danehill ex L’On Vite by Secretariat)

    Verdict: A decent sire at this level
    The Coventry winner Rashabar served as a reminder that he is still a useful sire. However his median dropped alarmingly to €9987 from 11 sold. Appoaching the end of his career but not a bad sire (5%) stakes winners for the money.

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    20. The Antarctic €5,000 (€6,000) (2020 Dark Angel ex Anna Law by Lawman)

    Verdict: Leaves me cold
    Dark Angel reached the top of the summit this year to be crowned Champion Sire in the UK and Ireland. To date he has yet to strike oil with a good sire son (Harry Angel probably the best to date). The Antarctic was no more than a Group 3 winner and the exploits of his brother Battash are probably the primary reason he found a slot at stud. He attracted 126 mares in 2024 but he is a long shot to make an impact.

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    Final thoughts: Horses are a herd animal and unfortunately for the good of the breed many Irish and UK breeders also seem to blindly follow the herd. The worst examples above are the book sizes of Calyx and Sioux Nation which are completely divorced from their respective merits as sires. Coolmore isn’t unique in having huge books and there is a wider industry problem. Alas there seems to be no official or regulatory will to tackle the issue or even push for voluntary caps on book numbers and we are losing stallion and genetic diversity due to mega-sized books for ordinary sires.

    One response to “Coolmore’s 2025 Fees Reviewed.”

    1. RJP Avatar
      RJP

      Would the breeders using Calyx know how many mates he was covering?With so many of them it must push down the price of his foals and yearlings over the next few years

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  • Newland- Idiotic,Insulting, Incendiary, Interesting and Important.

    Dr. Richard Newland’s article with Racingtv was insulting, incendiary, interesting and important. He came across as a Little Englander with a dislike of Johnny Foreigner who automatically assumes that the Irish could not win without cheating (“the Irish ‘advantage'”). The reference to a ‘lack of trust’ in the Irish anti-doping regime makes it clear where he thinks lies the source of that advantage. At no stage does he consider other reasons for the Irish level of success such as better stock sourcing policies, a better funded industry in Ireland, and the benefits that accrue from the need for continuous improvement by trainers in a more competitive racing environment. His ‘solutions’ which included restrictions or banning Irish runners almost seem like a parody.
    It would be interesting to know if Newland had direct knowledge of drugs in Irish racing (track or Point to Point). Had he ever purchased horses that he later suspected of having been previously administered drugs?
    What is important about his article is that it has reopened the debate on the integrity of racing and put the spotlight back on the drugs issue. He is following in the footsteps of Jim Bolger a man with a very different national outlook, who is the most important trainer to have spoken out on the issue. Richard Newland may have come across as a bit of an idiot but if he helps to bring about an improvement in the integrity of the sport he will have been an important idiot. It is in the interests of the industry on both sides of the Irish sea to restore confidence in the sport and avoid unsubstantiated innuendo against all Irish trainers. Trading insults won’t help but a proper coordinated, well resourced approach to tackling the issue would help.

    As part of an article a few years ago (full article at https://www.montjeu.com/racing-to-the-exit/ , I wrote about what I believed to be the solution to drugs in racing. That solution is to focus on information and incentives for whistleblowing rather than reliance on tests. An extract from that article is shown below and I believe it is still relevant.

    Drugs/Doping

    The evidence revealed in the Servis and Navarro cases showed the extent to which designer and undetectable drugs were available in the US. There are the same incentives to cheat in Ireland and the UK. The drugs can be relatively obtained, often cannot be detected so why should anyone believe in Irish (or UK) horse racing exceptionalism?
    Over the past decades we have had eGH (equine growth hormone) EPO, cobalt, milkshakes, micro dosing and God knows what else. The cheaters are usually ahead of the regulators and testers. By the time testing is in place for something, the cheaters will have moved on or developed masking techniques. Our regulators are stuck in a misguided belief that by simply doing more tests, they are doing their job. In truth they will most likely just get more negative results as the testing regime is limited in what it can reveal. An alternative approach is needed, based as much on human psychology as pharmacology.

    Catching people requires better information and targeting. Unscrupulous vets and some alternative practitioners (such as John Warwick) seem central to some of the cases that have been uncovered. Some actions that should be undertaken include

    1. Target trainers who utilise these vets/practitioners
    2. Look for agreements with the veterinary regulators that would see severe penalties for vets who inappropriately supply equine medications.
    3. Proper Data analysis- Identify telltale signs ,perhaps high levels of horses going for long lay offs/fatalities from a stable/ sudden changes in strike rate or abnormal strike rates.
    4. Introduce a focus on non race day testing in pre-training yards and non-licensed yards
    5. The different forms of doping need different approaches. Doping to lose (nobbling) is relatively rare but can still occur. Hopefully the greatly delayed introduction of cctv in racecourse stables will help with that

    All of these changes should help but they won’t be enough.

    If you are serious about stopping it, you need much better information and you will have to be prepared to pay for it. Its difficult to see the Gardai in Ireland or the UK police having the powers or resources that allowed the FBI to catch Servis et al. Racing needs to put in place financial incentives to counteract the incentives to cheat. A large bounty (c. 75k+) for each conviction should incentivize some to blow the whistle on what they may know or have witnessed. The culture of omerta might start to crumble. There is rarely honour amongst thieves. It would be the best few million that the sport could spend.


    Our testing regime only seems good at catching people who made a mistake over the correct withdrawal period for therapeutic medication. Where our regime falls short is in detecting performance enhancing drugs that are only detectable for a very short window, if at all. It’s worth paying a price to uncover that information, remove the cheats and restore the reputation of the sport.

    One response to “Newland- Idiotic,Insulting, Incendiary, Interesting and Important.”

    1. Mike Avatar
      Mike

      Nick Luck podcast episode 962 from about 4 minutes. Newland has had horses tested that came from Ireland and as a result of the test results contacted the BHA. He’s not the only one to have done this.

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