There has been much "water under the bridge" since since it was first announced that Falco had been retired, says Haras d'EtrehamPICTURE: Mark Cranham
Haras d'Etreham slashes Falco fee by a third
HARAS d'Etreham has slashed the stud fee for its new recruit Falco by a third. Last year's Poule d'Essai des Poulains winner will now stand his first season at stud for €8,000, instead of €12,000 as previously announced.
A son of Pivotal, Falco is owned half by his breeders the Wertheimer brothers and half by a syndicate of leading French-based breeders which includes Lady O'Reilly, the Moussac family's Haras du Mezeray and Haras de Fresnay-Le-Buffard, where much of the Niarchos family's breeding interests are based.
Haras d'Etreham said in a release: "There has been much water under the bridge since it was first announced that Falco had been retired.
"The economic climate has radically changed. In September, when Falco's fee was set, nobody in racing or elsewhere could have envisaged the extent of the downturn which has affected all sectors of the global economy. It was impossible to guess that the largest European stud farms would cut their fees so significantly.
"We now think that at €8,000 Falco is positioned correctly in the market and that the price will broaden his appeal to breeders."