Companies
Losses double at Irish arm of Sheikh Mohammed bin Rashid Al Maktoum’s Godolphin
Thoroughbred breeding operation saw losses grow to €8 million in 2022
The Irish arm of Sheikh Mohammed bin Rashid Al Maktoum’s Godolphin thoroughbred breeding operation saw its revenue drop from €31.1 million in 2021 to €27.4 million in 2022, new company accounts show.
The company’s turnover was largely derived from nomination fees — stallion fees — which fell from €23.2 million to €20.1 million.
It also earned €6 million from ‘keep fees’ — which is the price of keeping a mare during breeding — down from ...