Ruby Walsh says Gigginstown exit will be 'carbon copy' of Willie Mullins split but on a 'national scale'
Ruby Walsh believes the ramifications of the winding down of the Gigginstown House Stud operation will be felt immediately in Irish racing.
The colours of Michael O’Leary have been carried to victory in most of the big festivals and very few of the big prizes in the national hunt game have eluded them.
Gigginstown will no longer purchase young horses but will keep horses they currently have in training until their careers end or they’re sold on.
Walsh, who recently retired from racing himself at Punchestown, said stables around the country will experience the shock Willie Mullins had to endure when Gigginstown split with Closutton in 2016.
"The knock-on effect of their decision will be felt immediately and from the bottom up. They won’t be buying next week at the Land Rover Sale. They won’t be buying at the Derby Sale. They won’t have point-to-pointers next year, no bumper horses, then no novice hurdlers or chasers. It might take them four or five years to get out, but the ramifications will be felt as soon as this morning," the Paddy Power Ambassador said.
"I don’t think anyone will benefit from this situation. It’s a loss for Irish racing. There is no winner.
"When Gigginstown split with Willie, he had to change his business and survive without them. And he did that, successfully. Gordon Elliott, Noel Meade, Henry de Bromhead, Joseph O’Brien, they’ll all have to do the same and they will. They will readjust their business and work without them.
"It’s a carbon copy of what happened to Willie but it’s on a national scale. Except this time, they’re not just moving, they’re going for good."
While the news shocked many in the horseracing industry, Walsh believes the signs were there.
"I’m probably not as shocked or as surprised as everyone else. There were signs there along the way. Michael and Anita have four kids that are growing up and the only one that appears to have interest in racing is Michael," he added.
"He didn’t go to the Irish National this year. He wasn’t at the Dublin Racing Festival this year on the Saturday when Apple’s Jade won either because he was doing things with the kids.
"They’ve been hugely successful and they’ve been a massive help to Irish racing and their loss will be huge to a lot of people in racing, not just the trainers, but to the breeders, pin-hookers at sales to point-to-point racing – the loss of their financial investment will be felt across the board.
"I don’t think it’s about that. They’ve won a lot but to have the amount of horses they have, you need to be in love and dedicated to racing 24/7. I don’t think it was a financial decision either. You don’t get to be as clever as Michael O’Leary by thinking that getting involved in National Hunt racing is a wise business decision. It’s not to make a profit, it’s a passion."