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Shadwell revises fees for Sakhee and Haafhd

SHADWELL has responded to the downturn in the bloodstock market by revising its 2009 fees for two of its stallions at Nunnery Stud, Sakhee and Haafhd.

The Sheikh Hamdan-owned operation had previously announced that Sakhee's fee next year would be £12,000, an increase from £10,000 in 2008, and that Haafhd's fee would also be £12,000, the same as this year.

Breeders who have already signed contracts will be contacted by Shadwell to confirm their revised fee.
 
Stud director Richard Lancaster said: "We are purely responding to the market downturn and feel it is only fair, in light of the prices at Tattersalls and Goffs, to revise our fees.

"We were the first to announce our fees for 2009 and obviously there have now been dramatic changes, both in the world financial market and the bloodstock market, since the beginning of October when we announced our fees."

Shadwell's US operation announced its fees later in October. All of its stallions were the subject of fee reductions.

 

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