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Sunday, 24 February 2019 07:05 am

New Cup winner will earn millions in retirement

Nov 1st, 2016 | By | Category: Editor's Picks, Latest News

From bookies to bettors to bars, the Melbourne Cup makes people a lot of money, but the AU$6.2 million prize is only the beginning for those involved with the winning horse.

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Three-time Melbourne Cup winner Makybe Diva

That’s because after a champion thoroughbred retires, breeding can earn an owner millions.

Three-time Melbourne Cup winner Makybe Diva earned AU$1.5 million when he first foal went to auction in 2007, and her second AU$1.2 million.

But it’s stallions, who can sire several horses a year, that earn the biggest money.

American Pharoah was retired after he won the American Triple Crown in 2015, despite being only three years old.

By May this year he had already served at least 100 mares at US$200,000 a time, earning more than US$20 million for Ashford Stud.

Legendary horse Sir Tristram had a stud fee of $1,200 when he first arrived in New Zealand in 1976, but it was $200,000 by the time he died in 1997.

It rose that high because Sir Tristram had a habit of producing champions, with three of his offspring, Gurner’s Lane, Empire Rose, and Brew winning the Melbourne Cup, and his daughters producing two more.

He also sired Zabeel, whose own stud fee rose as high as $100,000 dollars after siring two Melbourne Cup winners of his own, Might and Power and Jezabeel.

With Zabeel’s offspring having earned AU$186.6 million in prizemoney as of June this year, it’s clear where the real money is in horse racing.

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is a Radio Journalist at Newswire.co.nz, Whitireia Journalism School.
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