Coolmore-linked firm pays €1.4m dividends

A COMPANY connected to the Coolmore Stud farm operation paid out over €1.4 million in dividends to shareholders last year.

The payment by Leisure Holdings (Ireland) is up 75% on 2004. The business is owned by John Magnier, JP McManus, Mr Brosnan, Edward Irwin, Eamonn McElroy, Denis McCarthy and Owen McGartoll.

It receives income from stallion nominations owned by Coolmore. Its income fell because of the deaths of leading thoroughbreds including Danehill, whose offspring included Rock of Gibraltar.