King Charles wants to sell 12 of Queen Elizabeth’s racehorses.
The 73-year-old monarch inherited Queen’s stable after she died but he wants to reduce her racing operation by getting rid of almost a third of the 37 equines his mother had in races this year during Newmarket’s Tattersalls auction later in the month.
Charles plans more sales in the future, but the ones he will first be getting rid of are Just Fine, who is trained by Sir Michael Stoute and was the first of the new king’s winners late last month, and Love Affairs, queen’s last winner just two days before she died.
While talking about Charles’ sale plan, an insider said: “The connection between the family and the horse racing industry will continue.
“The desire is to continue with the traditions and connections with Royal Ascot but not on the same scale as Her Majesty because she had a passion.”
According to a source close to the Royal Sandringham stud in Norfolk – which has 60 racehorses and 38 brood mares, there is talk of “winding down” the breeding operation over three years till it is no longer a commercial activity.
While talking to the Mail, the source said: “The Royal stud could be a museum in three years. It would be a real shame.’”
30 foals are expected to be born in the new year and they will go for high prices as the last bred by the queen.
According to the source, some horses have already been offered for sale as part of the “natural churn”, with the monarch normally selling around seven horses a year.
Last year, the queen recorded her biggest success in the sport as she earned £590,000 in prize money from 36 winners.
The Queen subsidized the running costs of her horse hobby from her private purse as it wasn’t really profitable –and she also kept around 30 show horses.
She posthumously won a top prize at the Horse of the Year show for her retrained racehorse First Receiver earlier this month.
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