Shergar in fourth, and the Aga Khan took the decision to retire him to stud in Ireland. After Shergar's Epsom Derby win, the Aga Khan sold 40 shares in the horse, valuing it at £10 million. Retaining six shares, he created an owner's syndicate with the remaining 34 members. Shergar was stolen from the Aga Khan's stud farm by an armed gang on 8 February 1983. Negotiations were conducted with the thieves, but the gang broke off all communication after four days when the syndicate did not accept as true the proof provided that the horse was still alive. In 1999
Horse racing in Ireland 93% of which have fewer than 5 broodmares. Horse racing organisations are funded through a number of sources, including membership fees, taxation of betting, a foal registration levy, profits from the Tote, and direct contribution from the Government of the Republic of Ireland. Horse Racing Ireland (HRI) was established in 2001 in an effort to promote Irish Horse racing and Thoroughbred breeding at an international level. The HRI has a number of responsibilities, including the management of the national Thoroughbred studbooks (registration with Weatherbys is also a requirement for all Irish Throughbreds), the development and operation of a number of