Magnier drops fees as sport of kings takes hit
THE masters of Coolmore Stud have never been behind the stable door when it comes to spotting economic realities and the continuing economic downturn in the sport of kings is reflected in their stallion fees for next year.
John Magnier's Tipperary stud farms have dropped fees for 11 stallions standing at the luxurious stud outside Fethard that were also listed for the 2011 breeding season.
The stallions whose fees have been reduced include Danehill Dancer, who drops to €60,000 from €75,000.
Another eight stallions' fees remain static at 2011 prices.
It means only two stallions have had their fees increased.
Holy Roman Emperor, whose first and second crop progeny have been performing well on the track, rises from €10,000 per nomination to €12,500, while Strategic Prince increases to €6,000 from €4,000 after siring Group 1 winner La Collina from his first crop of runners.
Fastnet Rock, whose first crop of foals have performed brilliantly on the track, now joins the elite group of stallions whose nomination fee is now listed as private. Last year it cost €30,000 to send a mare to Fastnet Rock.
The other "private" stallions are Galileo and Montjeu. The latter's fee is understood to be about €75,000 per nomination.