Coolmore Stud in €40m China Deal

CHINA has chosen Tipperary’s world leading equine industry as the model on which it hopes to build its own multi-billion euro national equine centre.

CHINA has chosen Tipperary’s world leading equine industry as the model on which it hopes to build its own multi-billion euro national equine centre.

In a landmark deal worth more than E40m, Coolmore Stud near Fethard has been chosen by the Chinese government as its partner to establish their first national equine facility.

The joint venture will see China’s top agriculture students study at the world’s greatest breeding operation of thoroughbred racehorses for two months at a time.

The project marks the first Chinese Government involvement with any overseas joint venture in horse racing and breeding, and is a major coup for Irish interests in China. Announcing the deal on Sunday, Agriculture Minister Simon Coveney said the decision to invite Ireland, with initial involvement by Coolmore, “is as a direct result of the successful reputation Ireland enjoys throughout the world in horse racing and breeding.

“Ireland’s involvement in the project includes the initial establishment of a Stud Farm, stocked with broodmares which will be sourced in Ireland. The beginning of the breeding programme will involve the agreement to import over 100 mares in the next three years. The project will also involve the acquisition of stallions over the period. While Coolmore was invited as the initial joint venture partner, there will be huge opportunities for many other Irish companies and individuals to participate in the project as it develops.”

See the Tipperary Star for more on this story