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Racehorse Ownership - The journey

Noel Moran is a relative newcomer to the racing ownership ranks. He, along with his wife Valerie, have recently made a major splash in the national hunt ownership division.


The Moran’s have a vision to breed and own Grade 1 winners and that requires patience, and lots of it.


Their commitment to the vision is unquestioned and we have seen recently they are not only buying the best horses, with the majority of them young and with plenty of potential but they also paid €530,000 for Apples Jade last December, a record price for a national hunt mare at public auction, so breeding is top of the agenda.


However, their main aim is to buy horses with proven potential with most of them coming from the Irish Point to Point fields. Some of their most recent big priced purchases include Ginto who they purchased for €470,000, Folcano for £110,000, Grand Roi for £400,000 and Hollow Games for £255,000.


Without a doubt they’re got the bug, they are building a team of horses for the future and as a result, success isn’t instant. You just have to take a look at their Cheltenham record this year – they had six runners which is quite a small number for the amount of money that they have spent. They had two second placed finishes while the rest were well beaten.


Ownership isn’t about buying a horse and then winning the next week. It takes time, we have to be patient and the Morans are the perfect example of how patience is going to be key to their future success. You would imagine if we looked at them again in five years’ time that their stats would be a whole lot different, I am sure they will be. But what I do know is that there will be plenty ups and downs between now and then but the buzz of the “ups” will out weigh anything.


Best of luck Noel and Valerie. Enjoy.

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