Oli Bell speaks to owner-breeder Tim Gredley about the impact the coronavirus crisis has had on his business.
Tim Gredley on life as an owner-breeder during the shutdown
"As an owner and breeder, what it’s really done, is put a focus on our overheads. It’s been an exercise for us to see where we are financially with everything.
"With the horses in training we’ve brought about 25% of our backward two-year-olds back to the stud to tighten up those overheads and expenditure. We’re in a fortunate position to have the facilities here at Stetchworth to put these horses out in fields and back in stables ,so we thought we’d make use of it.
"On the racing side of it that’s the one, main consequence, of the coronavirus shutdown so far.
"As for the breeding side we’ve got about 30 broodmares of which 50% have already been covered and the rest of them are due to go soon, some to very expensive nominations.
"Obviously we’re contractually obliged to go through with these but you do wonder, with the way the the world is and the state of the financial markets, at the end of this are you getting value for money? We’re not really in a position to negotiate and there’s nothing we can do about it but you do have to have it at the back of your mind is the value of bloodstock is going to the same at the end of this crisis?
"In general you have to stay positive, the welfare of the horses and staff are paramount, and we are very fortunate to have the facilities we have here. We’ll look to keep going but it has really focused our minds on valuations, overheads and the kind of broad basis for owning and breeding a horse in general."