Parties cool on 'peace deal' report

Speculation that peace has broken out in the horse-racing feud between Alex Ferguson and John Magnier have been treated with caution on both sides of the Irish Sea.

Reports this morning suggest Ferguson has agreed to drop his legal battle over the stud rights to Rock of Gibraltar in return for two ‘covers’ every year for the remainder of the horse’s life, estimated to be worth £80,000 (€118,096) per annum.