Thoroughbred Marketing: An Eye on the Industry: Coolmore financials show all is well

Tuesday, April 04, 2006

Coolmore financials show all is well

The Irish Examiner is always a good newspaper for uncovering useful snippets of thoroughbred-related financial information.

In an article titled "Coolmore-linked firm pays €1.4m dividends" author Ian Guider states:

"A company connected to the Coolmore Stud farm operation paid out over €1.4 million in dividends to shareholders last year.

The payment by Leisure Holdings (Ireland) is up 75% on 2004. The business is owned by John Magnier, JP McManus, Mr Brosnan, Edward Irwin, Eamonn McElroy, Denis McCarthy and Owen McGartoll.

It receives income from stallion nominations owned by Coolmore. Its income fell because of the deaths of leading thoroughbreds including Danehill, whose offspring included Rock of Gibraltar.

In the year to end September 2005, turnover from stallion nominations fell to under €500,000 from €742,052 in 2004. Pre-tax profits slipped from €690,540 to €472,141.

But the company said it remains in strong financial health. Even after paying €1.4m dividends, the firm still had shareholders’ funds of €7.6m. In the past three years, over €10m has been paid in dividends."

Seems there is still big money in sperm.

Posted by: AthloneAssociates at 3:15 PM | Permalink

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Katrina Partridge from Athlone & Associates authors this weblog

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