Shergar quickly'"; another shareholder, Lord Derby, disagreed and said "if ransom money is paid for this horse, then there is a danger of other horses being kidnapped in the years to come – and that simply cannot be tolerated". The first phone call from the thieves was on the night Shergar was stolen; Fitzgerald was not back at Ballymany by that time, and had not had the chance to tell the news of the theft to anyone. The call was to Jeremy Maxwell, a horse trainer based in Northern Ireland. The caller demanded £40,000, although this figure was later raised to
Horse racing in Ireland industry go from strength to strength. The Irish horse racing industry is today worth €1 billion per annum, employs over 14,000 people, and is a major player on the international scene. In Ireland, the Flat racing season runs from mid-March to mid-November, and comprises races started from stalls, run over 5 to 20 furlongs. These races are held at 23 racecourses, of which 3 run only Flat. National Hunt racing, or Jump racing, is run year-round in Ireland, but the main season takes place from November until the end of April, coinciding with the lull of the flat racing season.