AP McCoy profits jump to €2.85m

AP McCoy

Champion jockey AP McCoy can console himself in his retirement from horse racing with accumulated profits at his firm last year jumping to €2.85m.

The 20-time champion jockey last year retired after an illustrious career in the sport. 

New accounts at Mr McCoy’s AP Enterprises Ltd show that profits jumped by £525,941 (€681,089) last year.

The figures filed with the UK Companies House show that the 42-year old’s retirement has been softened somewhat with the growing wealth at his firm. 

Accumulated profits at the firm last year jumped from £1.67m to £2.2m, with the value of its investments up from £969,281 to £1.3m.

AP Enterprises’ cash pile increased more than seven-fold, from £14,978 to £102,899, in the year to the end of May 2015. 

The firm also had investments totalling £105,619 in Burke & McCoy Eood, a land investment company in Bulgaria that is controlled by Mr McCoy’s wife, Chanelle Burke.

The accounts show that at the end of May 2015, the company was owed £724,674 by Tony McCoy — up from the £673,402 owed to it a year earlier.

The Antrim native was the biggest name in jump racing before retiring last year.

Mr McCoy has broken almost every bone in his body, including two lower vertebrae, both shoulder blades, his cheekbones, ribs, tibia, fibula, wrists and collarbone.

The Moneyglass man was injured so many times during his career that he could self-diagnose his own injuries. 

After a fall at Cheltenham in 2013, Mr McCoy correctly told the medics in the ambulance he had punctured his lung, and broken his sternum and some ribs.

In November 2013, Mr McCoy broke the 4,000 barrier when riding the Jonjo O’Neill-trained Mountain Tunes in the colours of owner, JP McManus to victory at Towcester.

The AP Enterprises filings confirm that Mr McCoy — a former winner of the RTÉ and BBC Sports Personality of the Year — serves as managing director of the company, where he is the sole shareholder.

AP Enterprises generates its income from retainerships, investment properties, sponsorships, royalties, and the writing of books.

Announcing his retirement last year, Mr McCoy said: “I want to go while I’m still enjoying racing and while I am still near the top. 

"This is without a doubt the hardest decision I’ve ever had to make. I’ve been dreading this day.”


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