Monday Musings: A Little Bit of Politics

I rarely delve into the murky world of politics and apologise for doing so now, writes Tony Stafford. But a conversation with a couple of senior and well-respected trainers over the weekend did at least offer an insight into how Rachel Reeves’ first Budget as Chancellor of the Exchequer will impinge upon the racing industry in general and trainers in particular.

The increase in employers’ contributions to National Insurance is a body blow, not least for employees. Trainer one said his increase in annual costs simply from that rise will be £40,000. The choice was to increase training fees, already dangerously expensive, or make one staff member redundant, saving £30K. A tough pick but one with an inevitable outcome.

Taken across all of racing, you might have thought this could have a beneficial effect as many trainers have been complaining since Brexit that the supply of qualified foreign staff has been significantly reduced. Yards in the big centres have been woefully short of fully qualified stable staff, but the new legion of redundant workers will hardly be the best in their respective places of work.

Staff reductions and smaller, if any, pay rises, will be the obvious result while in London tube drivers it seems will be able to work a four-day week on the same pay, courtesy of the Mayor of London.

The second trainer reckoned “a storm” is about to hit racing, after the Budget. Many country-based trainers also combine to a degree farming on their land. The change in inheritance tax rules will surely cause retaliation in some ways.

In France, by now tractors will have been lined up two by two on all the main thoroughfares, intent on bringing traffic if not to a halt, to a crawl. Coincidentally, last weekend, all racing in France was cancelled with many professionals joining a protest in Paris against the proposed increase in the tax on sports betting. €115 million was the intended haul from the new legislation. Jockeys, trainers, PMU workers and the rest were on show. Could it happen here? Doubtful.

Last weekend also featured the latest running of the November Handicap. At around the time I was getting most immersed in racing, I remember listening on the radio to a commentary on the 1962 November Handicap, in those days still run at Castle Irwell in Manchester.

It was a very big ante-post race and in the year of my favourite old-time flat horse Hethersett, the 1962 St Leger winner for Dick Hern, Towser Gosden (father of John) won the race with Damredub. It was a shock the other day when I noticed that this year’s race, although attracting a full field, carried a first prize of just over £36,000.

Inadequate records limited my research, but I was sure the race had been worth more in the past. A simple look back to 1993, one of my favourite renewals, as the Jason Weaver-ridden Quick Ransom’s victory at 6/1 was enough to win me the Sporting Life naps table that year, was enough to answer my question. Jason also won it the following year on Saxon Maid for Luca Cumani. Who’d have believed he won the race more than 30 years ago, watching him on TV working at the track on Saturday? Call him Peter Pan!

Quick Ransom picked up £24,000 for the Mark Johnston stable. The pound sterling in 1993 was worth £2.55 of today’s pounds, so the race’s real value had it kept pace with inflation should have been nearer 60 grand. Twelve years ago, when Brian Ellison won the race with Batswing it was £40k to the winner and the pound then represents £1.47 nowadays. Again, something close to £60k.

Brian Ellison has been around for a while too, so it was great that while his horse Onesmoothoperator could finish no better than 12th in last Tuesday’s Melbourne Cup, his owners still collected 85 grand. Had he been one place further back, it would have been nothing for unlucky 13th.

For Newcastle-born Ellison the Northumberland Plate win for Onesmoothoperator this June provided a kick-start to the six-year-old gelding’s explosion of earnings. Before collecting that £81,000, amusingly (or maybe not so?) less for a big-race UK win than his 12th the other day, he had run 33 times over four seasons.

David Simcock trained him at three, sent him to win his maiden first time out at Newcastle and gave him another two more placed runs there before switching less successfully to turf racing.

After six runs, he was sent to the sales and owners of Ellison’s bought him for 65,000gns. He won on December 22nd 2021 at Southwell but it wasn’t until almost two years (November 11th last year) and 18 runs later that he won another race - back at Newcastle.

It took another seven losing runs before his Plate victory, so in all just one win in 26 outings before the race that gave Ellison’s lengthy career what we thought was the fitting embellishment.

Sometimes, owners and their trainers can be over-cautious – Ellison has never been that, but to contemplate a winter trip to Australia where he easily won the £160k to the winner Geelong Cup proved his attacking policy so imaginative and rewarding. Just as St Leger winner Jan Breughel was ruled out by the exacting Racing Victoria veterinary team, so Onesmoothoperator also got an initial no, but survived a second vetting.

From Northumberland Plate to Melbourne Cup, five races earned the six-year-old gelding £326,000. His previous 33 races earned a total of £156k for three wins and 16 places.

It’s salutary to think what a significant part in his story the 57-rated Jimmy Moffatt-trained horse Yukon played. During his long losing run, Ellison sent him to Sedgefield for a maiden hurdle for which Onesmoothoperator started 2-1 on under Brian Hughes. Yukon, ridden by Charlotte Jones, was a 50/1 shot. Onesmoothoperator looked exactly that as he jumped the last hurdle level with Yukon, yet for all Hughes’ efforts, was beaten more than two lengths, seeming less than keen. He is rated 45lb Yukon’s superior.

Maybe if he had won that day, he would have been kept to hurdling and would never have seen the racecourses of Victoria.

What his history does tell us though is that many of the horses sold at the end of their three- or even two-year-old careers last month at Newmarket may have been disposed of prematurely. I know trainers who have been urged to sell horses by owners when often they believe their potential has not been anywhere near achieved.

So these horses – increasingly sold for export and the riches awaiting them elsewhere – are mostly never heard of again unless they crop up in one of those massively-endowed features over the winter.

There is still a market for jumps horses (where potential owners can get in a bid) and I’m sure that after the record amounts of rainfall in October, the big teams were getting ready for nice ground through the next couple of months.

But then two weeks ago, the taps went dry, and we had the prospect of a Premier Raceday card at Exeter on Friday when only 41 horses turned out – 12 absentees mostly citing unsuitable ground for their absence, and one race becoming a walkover. The Haldon Gold Cup with its £59k first prize, £23k more than the November Handicap, mustered five runners.

Two of Wincanton’s races on Saturday also outstripped the November Handicap prize. The Badger Beer did have ten runners and was worth £47k. The four-runner Elite Hurdle provided one of five wins for Paul Nicholls on the day and carried a £41k winner’s prize. Favourite Rubaud’s superior jumping saw off Brentford Hope, who should be winning again soon.

There was also more money on offer for the Grand Sefton Handicap Chase at Aintree, won by David Pipe’s lightly weighted King Turgeon. Fifth, staying on well up the run-in was Sure Touch, and he should be resuming normal service back on conventional tracks for the geegeez syndicate boys in red, dark blue and white.

- TS

Other Recent Posts by This Author:

• Monday Musings: Chinese Takeaway
• Monday Musings: Superpowers
• Monday Musings: Blank
• Monday Musings: Ritual
• Monday Musings: It’s Coolmore’s Classic, but not as we thought…