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ECONOMIC IMPACT OF IRISH BREEDING AND RACING 2017 1.3 million 28,900 ATTENDEES AT IRISH RACING DIRECT, INDIRECT AND SECONDARY EMPLOYMENT €1.84 billion TOTAL DIRECT AND STIMULATED EXPENDITURE €438m BLOODSTOCK SALES BY IRISH VENDORS CONTENTS BREEDERS BREEDERSFOREWORD 02 0-99 Number of Breeders 0-99 Number of Breeders 13 100-199 Number of Trainers 13 100-199 Number of Trainers 18 18 2 53 2 53 EXECUTIVE SUMMARY 04 3 200-299 Racecourses 3 200-299 Racecourses DERRY 13 DERRY 13 DONEGAL 300-399 DONEGAL 300-399 ANTRIM ANTRIM 41 400+ 41 INTRO400+ DUction 08 5 5 TYRONE Source: HRI. TYRONE 6 6 OVERALL ECONOMIC impact 10 1 48 214 1 48 214 5 8 19 5 8 19 FERMANAGH 26 FERMANAGH 26 0 ARMAGH 0 ARMAGH 1 DOWN 1 DOWN 15 15 ECONOMIC Factors 12 MONAGHAN MONAGHAN 43 4 43 4 SLIGO CAVAN SLIGO CAVAN 4 LEITRIM 4 LEITRIM 29 49 29 49 InternationaL StanDING 18 MAYO 0 MAYO 0 ROSCOMMON 2 ROSCOMMON 2 LOUTH LOUTH LONGFORD LONGFORD 64 MEATH 64 MEATH 1 24 1 24 205 455 205 455 BREEDING 22 2 2 12 58 12 58 WESTMEATH 129 WESTMEATH 129 220 220 GALWAY 16 GALWAY 16 20 1.3 million 20 OWNERS 30 821 DUBLIN 821 DUBLIN 81 81 ATTENDEES128 OFFALY AT IRISH RACING 128 OFFALY 4 4 KILDARE WICKLOW KILDARE WICKLOW TRAINERS 36 105 105 LAOIS 159 LAOIS 159 98 9 98 9 CLARE 9 CLARE 9 17 17 RacecoURSES 38 CARLOW CARLOW 357 152 357 152 TIPPERARY TIPPERARY 37 13 604 37 13 604 877 877 307 KILKENNY 44 307 KILKENNY 44 MEDIA AND BETTING 46 LIMERICK 78 LIMERICK 78 24 WEXFORD 24 WEXFORD 266 266 DOMESTIC Importance 52 36 36 CORK WATERFORD CORK WATERFORD 48 48 KERRY 883 KERRY 883 REPORT PREPARATION, 60 6 83 6 83 METHODOLOGY AND LIMITATIONS This Report has been prepared for Horse Racing Ireland and has The report has been prepared principally from information that Further details covering the scope and limitations of our report, been written in general terms and therefore cannot be relied upon you have provided to us, pursuant to the scope of the work agreed its use and our legal responsibilities are set out on page 60. to cover specific situations; application of the principles set out in the engagement letter, and from other available sources will depend upon the particular circumstances involved and we consulted during the preparation of this report. © Deloitte. All rights reserved. recommend that you obtain professional advice before acting or refraining from action on any of the contents of this publication. Whilst all reasonable care has been taken to ensure that such Graphic Design: www.heliographic.co.uk information has been accurately extracted or derived from these No other party is entitled to rely on our report for any purpose sources, we have not separately verified the information, nor Photography: Sam Barnes/Sportsfile, B D Baugh, James whatsoever and we accept no duty of care or liability to any other sought to establish the reliability of the sources. Crombie/INPHO, David Fitzgerald/Sportsfile, Healy Racing party who is shown or gains access to this report. Photographers, Amy Lynam, Patrick McCann, Barbara McCarthy, Insofar as this document contains conclusions and opinions, Eóin Noonan/Sportsfile, Caroline Norris, Morgan Treacy/INPHO, these are statements of opinion and should not be treated as Edward Whitaker. statements of fact. These opinions and conclusions are derived from the work we have undertaken, as described herein, and are held at the date hereof but may not be applicable thereafter. ECONOMIC IMPACT OF IRISH BREEDING AND RACING 2017 01 FOREWORD HORSE RACING IRELAND Our advantages are many: our climate, There is little doubt: breeding and racing our pastures with limestone bedrock, our is in our blood. 25% of the Irish public say generations of bloodlines and our horsemen that they are interested in racing and when I am privileged to introduce Deloitte’s and women, together with government Deloitte analysed the breeding and ownership Economic Impact Study into the Irish support and public interest in what happens numbers for Ireland, and held them up to Breeding and Racing industry, a document on the racecourse. international comparison, they found that that captures in great detail the contribution there were over 50 thoroughbred horses per that this industry makes to the Irish But while our disadvantages are not as strong 10,000 people in Ireland, a number that is economy. in number, they have come into sharp focus several multiples more than the other major since 2016 when Britain voted to leave the racing nations and ten times higher than our When Horse Racing Ireland commissioned European Union. We are a nation surrounded nearest neighbour, Great Britain. this report in spring 2017, we set Deloitte the by water, on the edge of the EU, with access task of quantifying the up-to-date economic to our near neighbours and our biggest export The success of Irish-bred and Irish-trained impact of Irish Breeding and Racing. market filled with uncertainty. Brexit poses horses abroad, and the continued influence of serious potential risks to the Irish Breeding Irish-born jockeys and stable staff, underline The key findings unearthed for this report and Racing industry and Horse Racing Ireland’s global standing. Our Breeding and reflect a vibrant industry that, as well as Ireland will be working very closely with Racing industry certainly delivers to the local sparking significant economic activity in our stakeholders and European colleagues, economy like few others but, in racing terms, Ireland, also brings with it much needed including the BHA and France Galop, as well it also sits in the centre of the world. foreign direct investment. as various State and EU departments. A big thank you to the Deloitte team for their The headline figures back up the assertion This work will be important to everybody in expertise and diligence in putting together that this is a unique industry with a wide rural the industry but especially to those areas that this intriguing document and to those people reach and a sizeable economic impact. For have not yet returned to the levels experienced who, behind the data and charts, are a daily example, according to Deloitte’s report, 15,200 pre-2007. This report – a snapshot of where embodiment of what makes thoroughbred FTEs worked in the core Breeding and Racing we are – shines a light on a number of areas breeding and racing in Ireland so good. industry and directly related industries, with that need investment, care and attention. a total direct and stimulated expenditure Joe Keeling of €1.84 billion, driven by a core gross By far the most important issue that needs to Chairman expenditure of €1.05 billion. be addressed is to put in place a long-term Horse Racing Ireland and sustainable funding structure for the In every county in Ireland the tradition of industry which can allow it to be developed to breeding thoroughbred horses continues. 92% its full potential, increasing both the economic of the 6,777 registered breeders have fewer and social dividend for the country. than five broodmares but the Irish Breeding industry continues to set global standards. We would ask politicians from all parties to In 2016 Ireland produced 9,381 live foals, provide the necessary policy support to allow greater on a per capita basis than any other this to happen. country in the world and a figure that makes us the third biggest thoroughbred breeding The investigations in this document inform nation in the world. the great responsibility felt in Horse Racing Ireland to those thousands of people across the country who, directly and indirectly, rely on a successful Breeding and Racing industry for their livelihood. 02 ECONOMIC IMPACT OF IRISH BREEDING AND RACING 2017 DELOITTE SPORTS BUSINESS GROUP The report highlights that whilst the industry The global nature of racing brings competition suffered contractions from the deep economic between the top racing nations for owners, challenges faced by Ireland from 2007, the breeders and horses. It is therefore important It is increasingly important for an industry to most important industry metrics are now the Irish Breeding and Racing industry be able to demonstrate its size and economic recovering. continues to invest in its infrastructure – worth to its stakeholders. This is particularly whether that is continuing the programme the case for an industry such as Irish Our research identified that Breeding and of capital investment in racecourses (over Breeding and Racing, which encompasses Racing activities in Ireland are the most €100m scheduled for 2017 to 2019), ensuring elements of very different sectors, notably prominent and important of any country on prize money remains competitive, the the rural economy, sport (as part of the a per capita basis. Ireland was the second education and development of its skilled wider leisure economy) and a diverse betting biggest seller of bloodstock at public auctions workforce or retaining high class bloodstock, industry. We were therefore delighted to be in 2016 with €338m of horses sold by Irish particularly stallions, in Ireland. set this task by Horse Racing Ireland, on the vendors, behind only the USA. More than 1 industry’s behalf. in 5 of the top rated Flat horses in training In preparing the report we have spoken to in 2016 were Irish bred, with many of them people from more than 20 organisations We are privileged in the Sports Business trained in Ireland and winning major global drawn from every sector of the industry. Group to work full time in sport, which races. We would like to thank everyone for their enables us to compare and contrast the size, time, responsiveness, information and the scale and structure of many sports across The international standing of Irish Breeding openness in which all our consultations were the globe.

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