11/14/2016 10:14AM

Frankel's stud fee remains same in pounds, drops in dollars

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Frankel will stand the 2017 breeding season for the same fee as in 2016, but due to the decline in the pound after the Brexit vote, breeders paying in U.S. dollars would be getting a 17.7 percent discount compared with this year.

Banstead Manor Stud in Newmarket, England, announced Frankel’s fee in 2017 will remain at 125,000 pounds, the same as his first four years at stud. In U.S. dollars, his fee is falling from $190,096 at the start of 2016 to $156,510 today.

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Frankel, whose first foals are 2, is second internationally on the freshman sire list, with progeny earnings of $1,214,319, behind Japanese-based Rulership ($1.44 million) and ahead of Japanese-based I’ll Have Another ($1.18 million) and North American-based Union Rags ($1.16 million). Frankel, by Galileo, has five stakes winners, all of the group variety, and 18 winners from 39 starters.

The fees for the other Banstead Manor stallions in 2017 are Dansili, $81,400 (down from 85,000 pounds to 65,000 pounds), Kingman, $68,878 (his fee remaining at 55,000 pounds), Oasis Dream, $62,621 (his fee down from 75,000 pounds to 50,000 pounds), and Bated Breath, $10,020 (his fee down from 10,000 pounds to 8,000 pounds).