Newmarket trainer Ed Vaughan planning to give up his licence
Newmarket trainer Ed Vaughan has revealed he plans to relinquish his licence later in the season.
News of Vaughan's decision has come just a week after he saddled Anthony Oppenheimer’s Dame Malliot to win the Group 2 Princess of Wales’s Stakes at HQ's July Course.
However, due to 'reductions in prize money and the cost of running a business being so high', the Machell Place Stables-based trainer has opted to call it a day.
“I haven't just woken up and decided to do this," he said. "It's been on my mind for a while and now seems the right time to finish up training here in the UK.
"As everyone is aware, with the reductions in prize money and the cost of running a business being so high, the economics of training in Britain are not good. I'm taking this decision now because I can see things getting worse in the next year.
“I wouldn't rule out training elsewhere, but with 25 horses, as we have here, I just don't see a future for doing that in the UK because I think things are going to get very tough when we are already in the situation where we have prize money that hardly covers the cost of keeping a horse in training for a month.”