Coolmore-dominance in decline?

Back in April 2010 everything must have seemed rosy down in Tipperary. Eskendereya (Giant’s Causeway ex Aldebaran Light by Seattle Slew) looked set to finally provide one of their sires with a coveted Kentucky Derby victory. In Europe, St Nicholas Abbey (Montjeu ex Leaping Water by Sure Blade) was favourite for the Guineas and Derby. Galileo, Montjeu and Danehill Dancer were established members of Europes elite and the stallion roster contained plenty of unproven but exciting young stallions.

Fast forward to November and just like the Irish economy, things are looking somewhat grim despite Galileo helping them to an incredible 21st consecutive UK & Ireland sires championship. Galileo had a stellar year with Cape Blanco, Rip Van Winkle, Sans Frontiere, Lily of the Valley and three Group 1 winning 2 year olds in Play Misty for Me, Frankel and Roderic O’ Connor. It was a season comparable with any that Sadler’s Wells enjoyed in his heyday. That however is the end of the good news. After a recent stud visit one source told me that Galileo seemed to be in poor physical shape and had lost a lot of condition. If anything was to restrict his capacity to serve large books next year it would be a serious setback.

Montjeu

Montjeu had a disappointing year. St Nicholas Abbey failed to reappear after his Guineas fifth and Jan Vermeer was somewhat disappointing. Fame & Glory did add two Group 1’s but his season ended in disappointment in the Arc. Joshua Tree won the Canadian International but no obvious stars emerged from his two year old crop. He hasn’t suddenly become a bad sire but a Guineas win for St Nicholas Abbey would have helped fill one of the major gaps in his cv. The other gap is of course his relative lack of success with fillies, something which reduces his popularity with breeders.

Danehill Dancer

Danehill Dancer had two Group 1 winning fillies in Lilly Langtry (ex Hoity Toity by Darshaan) and Ave (ex Anna Amalia by In The Wings). However his results did not do enough to justify his private fee and to my mind he ranks behind Dansili, Pivotal, Dubawi and Oasis Dream amongst the top miler sires in Europe. Although they still refer to him as the best sire son of Danehill in Europe, Coolmore are aware of his limitations. This is evidenced through their use of Dansili rather than Danehill Dancer for many of their elite mares .

The Young Guns

Oratorio and Footstepsinthesand both had their first crop of three year olds. Both could have been expected to see their offspring improve with age. Both disappointed and they now seem pricey at €15000 and €12500 respectively. It would be no surprise to see either or both sold abroad.

Amongst the first season sires there were no fireworks and no Group 1 winners. Holy Roman Emperor (Danehill ex L’On Vite by Secretariat) came second to Iffraaj but there was a distinct lack of quality amongst the quantity. Aussie Rules (Danehill ex Last Second by Alzao) probably did best of the newcomers with a few Group horses included amongst his winners. Hurricane Run (Montjeu ex Hold On by Surumu) did ok considering no one really expected him to get precocious types. Ad Valorem (Danzig ex Classy Women by Relaunch) produced nothing of note and a similar comment applies to Ivan Denosovich (Danehill ex Hollywood Wildcat by Kris S) who will probably be moved on quickly.

middle of the road sires

There is nothing wrong with Peintre Celebre (fee €15,000), Rock of Gibraltar (fee 22,500) or High Chaparral (€15,000) as stallions but their limitations are evident at this stage. High Chaparral should be moved permanently to Coolmore Australia where he is so much more successful and highly regarded.

Next Year

2011 sees the first runners for Strategic Prince (Dansili ex Ausherra by Diesis) and Dylan Thomas (Danehill ex Lagrion by Diesis). It has been a number of years since Coolmore have unearthed a promising new sire and the odds are against Strategic Prince making the breakthrough. Dylan Thomas has the advantage of plenty of well credentialled mares but there is a bias against the staying sons of Danehill.

The end comes quickly

Coolmore has dominated the European scene for so long that it is unsurprising that we start to raise eyebrows at any erosion of its dominance. In 2006, 2007 and 2008 they had 5 of the top 6 stallions in the UK and Irish rankings. In 2009 they had 3 of the top 6 and in 2010 this was down to 2 of the top 6. Their stranglehold has ended.

Reasons for decline.

1.It was inevitable that the massive Arab investment in bloodstock would eventually unearth some top class stallions. This year was a very good year for Darley. Amongst their young stallions Dubawi emerged as a superstar and Shamardal had a fine year. Iffraaj took first season sire honours. King’s Best had two Derby winners in Workforce and Eishin Flash. Cape Cross produced another top class colt in Behkabad. In addition Sheikh Mohammed owns significant stakes in “independent stallions” Invincible Spirit and Pivotal who were 6th and 11th respectively in this years Irish/UK sire table. Juddmonte are sitting pretty with two outstanding young stallions in Dansili and Oasis Dream.

2. You can’t just go out a find a replacement for either Sadlers Wells or Danehill:)

3.Too many eggs in one basket. The Coolmore roster was incredibly top heavy with sons of Danehill, and except for Danehill Dancer they have failed to strike gold with them. The assertion that he is an outstanding sire of sires is open to debate in a European context. Their faith in Danehill Dancer to found a sireline via Mastercraftsman, Choisir and Choisir’s son Starspangledbanner may also prove misguided.

4. Competitors have upped their game in terms of PR, marketing and deal making. Coolmore PR is also becoming a little jaded and it is starting to invite cynicism everytime we hear AP O’Brien describe his latest winner as showing”incredible natural speed but he is so relaxed and settles so well that you could run him in either the July Cup or the Ascot Gold Cup!”

5. The Maktoum boycott didn’t help and would have influenced some breeders decisions

6. The euro sterling exchange rate rose considerably over the noughties with a particularly sharp spike in 2008. This made using Coolmore stallions more expensive for UK breeders.

7. Lack of outcross options. All of the current stallions are Northern Dancer line stallions and breeders will want more options in time

The future

A world leader like Coolmore doesn’t just suddenly disappear into oblivion. Galileo is still only 12 and is poised for a period of dominance. However apart from Montjeu the supporting cast appears weak and similarly their American roster is unexceptional apart from Giants Causeway. However they still have the financial resources to buy the best yearlings and the best trainer in the world to manage them. The ending of the partnership with Johnny Murtagh indicates the pressure that is on everyone to produce results- 14 Group 1 wins this year was still deemed a disappointing year. Their dominance might be in relative decline but they are still the best in the game.

2 thoughts on “Coolmore-dominance in decline?

  1. Hi
    Why have you stopped writing for along time in your blog.Pls believe me there are million around the world looking forward to hear from you,i am certainly one of them and has become your die hard fan.Keep writing keep helping students of this industry leaving this side of the world with your expertise.
    Thanx in advance

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