Tuesday 17 July 2018

Record-breaking year gets even better for horse trainer Aidan O'Brien as firm profits hit €6.4m

Trainer Aidan O’Brien. Photo: Getty Images
Trainer Aidan O’Brien. Photo: Getty Images

Gordon Deegan

Accumulated profits at the racehorse training and bloodstock firm operated by the country's most successful horse trainer, Aidan O'Brien, last year totalled €6.4m

Showing that the Co Wexford native has the Midas touch on and off the racecourse, new figures lodged with the Companies Office show that Mr O'Brien's Whisperview Trading Ltd's cash pile increased from €635,589 to €1.5m.

Training wizard Mr O'Brien (48) oversees the Ballydoyle stable at John Magnier's Coolmore empire in south Tipperary and the figures show that the value of Whisperview's tangible assets last year increased from €12m to €13.35m.

Mr O'Brien is having his best-ever year - breaking a world record in October when Saxon Warrior provided the trainer with a 26th Group One win.

The accumulated profits at Mr O'Brien's firm last year decreased from €6.61m to €6.44m.

However, the independent auditor's report attached to the accounts states that the firm recorded a profit last year strongly indicating that the drop in accumulated profits is as a result of Mr O'Brien taking an unspecified dividend from the firm last year.

The firm has been reporting strong profits in recent years - €626,630 in 2015; €366,685 in 2014 and €1.269m in 2013.

Over the last five seasons, O'Brien-trained horses have won £26m in prize money with 100 wins on the flat in the UK and another €24m in prize money from the Irish flat with 596 wins. The value of the firm's financial assets reduced from €980,001 to €875,001.

The amount owed by the firm in bank loans reduced to €2.54m from €3.52m in the prior year. Revenues are not disclosed.

Irish Independent

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