Michael O'Leary is to wind down his Gigginstown House Stud with immediate effect, with him no longer prepared to invest in new horses.
The body has gone from strength to strength in recent years, seeing Tiger Roll emulate Red Rum by winning a second straight Grand National last month at Aintree.
However, a decision has now been made to scale back the operation, with no plans to restock at the sales, news that will hit the industry from trainers to vendors, extremely hard.
Owner Michael's brother, Eddie, says the call is for family reasons, with the Ryanair supremo keen to spend more time with his children.
He said: "Michael's children are now growing with their activities, leaving less and less time for racing last season and for the foreseeable future.
"We've just had our best season ever in terms of winners and it's been an amazing year capped by Tiger Roll winning the Grand National for the second time last month.
"We have lots of young stock to be allocated among our trainers over the coming weeks and each of our trainers will receive their usual allocation of young point-to-pointers."
Article Posted on Tuesday 14th May 2019 @ 16.47
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