Big debate: Has the Derby lost its No1 status on the calendar?
Bill Oppenheim says the Derby is less relevant now for breeders while Marcus Tregoning insists there is nowhere like Epsom
The Guardian
Yes
Bill Oppenheim
Bloodstock consultant and co-owner of Derby chance Curtain Call
This remains a relevant question no matter who runs in the race. The Derby, at a mile and a half, is no longer the be-all and end-all of European racing. That is partly due to greater opportunities on the circuit and a lot of the reason for that is the way the bloodstock industry is structured.
Racing is a losing proposition -- it is very difficult to win with one roll of the dice -- and so the breeding industry is more profitable than the racing side. The sport, as in society in general, is also more financially driven than it used to be. Money is no longer controlled by aristocrats but by entrepreneurs who want a chance to recover their investments at the earliest opportunity. Concurrently, there has been a move towards mile races in Europe as being the ones that produce the most valuable stud prospects.
Take the two Coolmore horses, Giants Causeway and Rock of Gibraltar, both of whom were top-class milers who won races over a mile and a quarter. They would have been valued at €50m and €30m respectively when they went to stud. Galileo, who won the Derby, would have been valued at around €20m, which illustrates that even for the best potential staying sire there is a top limit. And Galileo is the ultimate success story -- most Derby winners do not make overwhelmingly successful sires. There is no doubt that the miling division is more valuable as breeding stock than the mile-and-a-half division.
For me, what is needed to restore the Derby is its inclusion in more of an integrated European racing programme to reflect that racing has become more international in the past 30 years. If you took a logical progression, you could create a Triple Crown of the French Derby, the Epsom Derby and the Irish Derby that the fans and gamblers would care about as much as the breeders.
The difficulty in attracting sponsorship suggests that the whole of horse racing does not have the cachet socially that it once did. And yet, racing demographics should be very good; certainly to owners in America, you would be advertising Cadillacs. Part of the answer has to be that the industry must present a far better product for everybody, through a radical restructuring of prize money and a more international view to the calendar.
For the owners of Curtain Call, though, the Derby is still the biggest race in the world. We're all professionals in the industry, and people like us aren't supposed to have the second favourite for the Derby. But there's no reason why we shouldn't win it, the horse has the pedigree and we would be kidding to say it is not a huge race to win.
No
Marcus Tregoning
Trainer of 2006 Derby winner Sir Percy
What is so special about Epsom is that it is a unique racecourse -- there is no other, you would have to say, that quite comes close to it. That is why we are so lucky in this country: none of our racecourses are the same, they all have their quirks and their challenges and that is what gives the big races their character. You would certainly say that is true of Epsom. It is the most testing track for any horse in the world and you will find that generally the best horse of its generation wins the Derby.
I cannot imagine that any trainer or owner would not like to win the Derby or, indeed, has not dreamt of doing so at some point. You cannot underestimate what it means to win such a prize and that has not dimmed over time. Huge prestige accompanies victory -- more so than any other race. Having won it with Sir Percy, I certainly want to do so again.
I do not know what the circumstances were in which some trainers initially said that they were not looking to run their horse in this year's race. What I do know is that there are many considerations to be taken into account and that everyone has their own ideas. For example, there has been a lot of rain and the going for Saturday's race may well be on the soft side if it doesn't dry out over the next few days. That will inevitably have an eff ect -- certain horses suit certain ground more than others. You can be sure, however, that a really good horse will come out on top, especially now that New Approach has entered and is in the frame, and it will be a proper championship race.
When considering whether winning the Derby influences future stallion valuations, admittedly you cannot ignore that the emphasis is now on
breeding horses for speed rather than stamina. But there are still studs, including the famous Ballymacoll Stud, who breed for stamina and a horse that can go on to win the Derby.
And winning the race does prove the horse's quality. Sir Percy won races over a mile and a mile and a half but he proved himself a champion when he won the Derby and that is why he had a block of mares queuing up for him.
And you have to look at Galileo too, the 2001 champion, who has been doing extremely well at stud. For most owners and trainers in this country, the Derby is the race to win.
The race is far from dwindling in popularity and has actually increased its relevance to the public in recent years. There are far more people who go to the Derby now than there were 10 years ago. It should attract a top-class permanent sponsor, they just haven't quite found the right one yet. It is an important choice because there is a lot of money involved; it is a massive prize and so it should be for a race of such significance.