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Pivotal: Cheveley Park Stud's flagbearer has had his fee reduced for 2011

  PICTURE: Racing Post  

Pivotal stud fee reduced to £55,000 for 2011

CHEVELEY Park Stud in Newmarket has cut its stallion fees across the board by between 15 and 20 per cent.

And whereas there have been a number of notable price hikes among top-tier stallions elsewhere, Cheveley Park’s standard-bearer Pivotal has been reduced to £55,000 from £65,000, even though he was represented this season by Group 1 winners Buzzword and Regal Parade.

Managing director Chris Richardson said: "We are bearing in mind the current economic climate and the results from the recent sales, hence we felt we should be discounting our fees at around the rate of 20 per cent.

"Pivotal has had a phenomenal year with 17 individual stakes winners, but reducing his fee on the back of this year is something Mr and Mrs Thompson felt they had to do."

CHEVELEY PARK STUD FEES 2011 (£)
Stallion 2011 fee 2010 fee % change
Dutch Art
5,000 6,000
-17
Kyllachy
8,000 10,000
-20%
Medicean
12,000 15,000
-20%
Pivotal
55,000 65,000
-15%
Virtual
4,000 5,000
-20%

 

 

 

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