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Canford Cliffs - Goodwood -28.07.2010

Canford Cliffs (right): breeder Simon Hubbard-Rodwell is quitting

  PICTURE: Edward Whitaker/  

Downturn blamed as Canford breeder quits

THE economic downturn has claimed a notable racing scalp, with the producer of this year's outstanding three-year-old colt Canford Cliffs deciding to call time on his breeding operation.

Simon Hubbard-Rodwell has put 26-acre Saxtead Hall in Suffolk – which he bought with his mother in 2002 and aimed to develop into a commercial boarding facility – on the market, and plans to disperse most of his bloodstock interests at the Tattersalls Ireland November sale.

"We were working our socks off seven days a week but with the economy the way it is, we are struggling to cover our losses," Hubbard-Rodwell said on Thursday. "It's time to wake up and smell the coffee."

At the age of just 35, Hubbard-Rodwell, the grandson of late jumps trainer Geoff Hubbard, has tasted success under both codes. He saw his colours carried by Scottish National and Bet365 Gold Cup winner Hot Weld and also bred Canford Cliffs out of the Marju mare Mrs Marsh.

Unfortunately Hubbard-Rodwell hasn't been able to benefit financially from Canford Cliffs' success, as hesold Mrs Marsh in a dispersal of his Flat stock in 2008.

In recent years he has concentrated on jumps breeding, investing in well-bred mares including bumper winners Lady Rhinestone, a €72,000 purchase and out of a half-sister to Rhinestone Cowboy, Pairtree, a winning half-sister to Our Ben, and Topsham Belle, out of a half-sister to Topsham Bay, as well as a yearling Kayf Tara filly out of Heltornic bought for £30,000 at Doncaster this year.

Those four are expected to be among the Tattersalls Ireland dispersal.

Hubbard-Rodwell said: "Sales prices are too low and stud fees are too high. We gave it a damn good go, but are not even close to breaking even and it has brought a lot of stress. I now feel it's time to stop trying to make a business out of racing and return to having some fun instead.

"I will keep Full Of Spirit [a daughter of Spirit Leader who has won her only start to date] in training with Nicky Henderson, as he thinks an awful lot of her, and Hot Weld will go wherever I go."




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