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Newmarket trainer Ed Vaughan planning to give up his licence

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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.

Ed Vaughan
Ed Vaughan

“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.”