Godolphin CEO John Ferguson, right, believes the good times are just around the corner for the thoroughbred horseracing stable. Steve Davies/Racingfotos.com
Godolphin CEO John Ferguson, right, believes the good times are just around the corner for the thoroughbred horseracing stable. Steve Davies/Racingfotos.com
Godolphin CEO John Ferguson, right, believes the good times are just around the corner for the thoroughbred horseracing stable. Steve Davies/Racingfotos.com
Godolphin CEO John Ferguson, right, believes the good times are just around the corner for the thoroughbred horseracing stable. Steve Davies/Racingfotos.com

Top to bottom, Godolphin CEO John Ferguson sees a bright new dawn on the horizon


  • English
  • Arabic

If Frosted were to carry William Buick and the royal blue silks to victory in the Dubai World Cup at Meydan on Saturday, a seventh success in the world's most valuable race would cap the first major step towards a bright new dawn for Godolphin.

Two seasons ago when African Story became Saeed bin Suroor’s seventh winner of the $US10 million (Dh36.7m) event, it put to bed, in the eyes of the Dubai-based organisation, a turbulent 2013 when trainer Mahmood Al Zarooni was banned for eight years for administering steroids.

The World Cup was one of just three Group 1s Godolphin managed to win around the world, with Prince Bishop’s victory in the Al Maktoum Challenge presaging his Dubai World Cup victory 12 months ago, and Charming Thought’s Middle Park Stakes win at Newmarket the only other highlight.

Godolphin had never had such disappointing results on the track since it was first set up in 1994, and everything since has been directed at getting Godolphin back to the level of their past successes when they regularly sparred with Coolmore and Ballydoyle in the biggest races on the planet.

More from the Dubai World Cup

Read also: Full in-depth coverage from The National's sports team

Predictions: Main race | Races leading up to main event

More: Everything you need to know | Schedule and ticket information

In December it was announced that John Ferguson would become chief executive of a new Godolphin, which would comprise not only the racing operation but the Darley breeding operation also.

Godolphin and Darley have merged because Sheikh Mohammed bin Rashid, Vice President of the UAE and ruler of Dubai, believes that the racing and breeding operations he founded have a symbiotic relationship and that, in business terms, they should both share the same key performance indicators, which, primarily, is winning on the racecourse.

Last year Godolphin accumulated 16 Group 1 winners saddled by seven different trainers, and Ferguson believes the good times are just around the corner on the back of that strong foundation.

“From the moment a foal is born, every single phase involves both organisations,” he said. “The aims have to be the same.

The breeding operation has to breed champions for Godolphin, but also has the mission of creating, and developing and promoting the stallion to give them the best possible chance.

“The racing operation is involved in that as well. Look at Dubawi, Shamardal, Bernardini – they were great horses first, and all were bred by the stud – it is a constant turning wheel and by fusing the two companies together, my job is to pour oil on the wheels and keep them moving smoothly.

“Whether you are foaling a mare or riding the last piece of work, you are equally important to the success of Godolphin, wherever you are in the world.”

Ferguson worked for Sheikh Mohammed as his bloodstock adviser for 30 years before he took charge. In terms of experience within the organisation, his rock solid relationship with Sheikh Mohammed and unflappable demeanour made him the obvious candidate for the job.

The biggest racing and breeding operation in the world aside, Ferguson will directly manage over 1,700 staff based in the six major racing jurisdictions of England, Ireland, France, America, Australia and Japan.

What was notable last season was that, where Godolphin previously recruited equine talent and transfer them to their stables in Newmarket, they have increasingly had more horses with a variety of different trainers.

Last year, Jim Bolger delivered the Yorkshire Oaks with Pleascach for his base in Ireland. Jack Hobbs won the Irish Derby for John Gosden’s Newmarket stables and Night Of Thunder sealed the union with Marlborough-based Richard Hannon when he won the Lockinge Stakes.

Andre Fabre’s Godolphin France has around 100 horses for Godolphin and English-derby bound Ultra won the Prix Jean-Luc Lagadere and Territories took the Prix Jean Prat.

“These things aren’t decided overnight and two years ago we sat down and considered it,” Ferguson said. “Sheikh Mohammed loves two things most within Godolphin – the horses and the people.

“What he wants to achieve is to maximise the potential of his horses. Saeed bin Suroor and Charlie Appleby are doing outstanding jobs but there is a limit to the number of horses they can train – Saeed has around 180 in Newmarket and Charlie has around 150.

“To not use the skills and talents of John Gosden, Jim Bolger, Andre Fabre and the others just would not make sense.”

Photo gallery: Dubai World Cup runners California Chrome, Keen Ice and XY Jet train at Meydan Racecourse

But it is the American arm that is most relevant to Saturday’s $30m card because ever since the Tapeta surface at Meydan was ripped up ahead of last season Godolphin have been arming themselves for a full scale assault.

Bin Suroor and Appleby brought significantly smaller teams to Dubai this season, and it was American trainer Kiaran McLaughlin who plugged the gaps.

McLaughlin’s troops assembled at the plush Marmoom Stables that has, among its vast array of training facilities, a dirt surface, whereas Bin Suroor’s Al Quoz Stables has a Tapeta surface that will remain in place.

From there Frosted warmed up for Saturday’s assignment with an easy win in the second round of the Al Maktoum Challenge last month. Confrontation won the Firebreak Stakes and takes his chance in the Dubai Golden Shaheen, while Marking picked up a minor victory ahead of his Godolphin Mile bid. Watershed and Elnaawi also raced without success.

This is just the start.

“There is no doubt that the American horses thrive on the sand surface at Meydan, it is what they are used to,” Ferguson continued. “The quality of racing at Meydan is improving, and we need to have horses that are acting on the track at the highest level.

“This year Saeed and Charlie have done very well on the turf and Kiaran’s horses have done well on the dirt. It is a very important change in strategy.”

After the Al Zarooni incident, Lord Stevens, the British peer and former chief of the British Metropolitan Police, was commissioned by Sheikh Mohammed to lead an investigation to the incidents.

Based on several of the many findings in his report, Godolphin made a raft of changes to their structure in February 2014 to streamline and improve management oversight.

The first was that long-serving racing manager Simon Crisford left the organisation he helped to set up.

It left Bin Suroor and Appleby in ultimate control of their stables with the delegated authority of Sheikh Mohammed and with the mandate to act as the chief spokesperson for their respective stables.

Godolphin have recently appointed Australian former Darley Flying Start candidate James Clarke as a media liaison officer.

Ferguson’s appointment has clearly galvanised the company, but surely it is a huge ask to act as both CEO and racing manager concurrently?

“Not in the slightest and I’ll tell you for why,” Ferguson said. “I have fantastically able people around me. You cannot run a company like this on your own. I understand the qualities of the people around me and let them get on with their jobs.

“I have Jimmy Bell in America, Henry Plumptre in Australia, Hanako Varian looks after Japan, Lisa-Jane Graffard in France and Joe Osbourne in Ireland all helping me.

“Godolphin is a large organisation, but in many ways it is very small because it is very personal to one man – Sheikh Mohammed.

“The direction comes from him, and that is so important. My main goal is to deliver his messages in a way that the team involved worldwide understands, but those messages must improve on the progress that Godolphin is making month by month, and year by year.

“There are so many parallels between how Sheikh Mohammed runs Dubai and what he strives for Godolphin to achieve, because it is the way he does business.”

If Frosted can confirm all of that on Saturday, Godolphin are clearly in good shape to take the next step forward this international season.

sports@thenational.ae

Follow us on Twitter @NatSportUAE

Like us on Facebook at facebook.com/TheNationalSport

MATCH INFO

Karnatake Tuskers 114-1 (10 ovs)

Charles 57, Amla 47

Bangla Tigers 117-5 (8.5 ovs)

Fletcher 40, Moores 28 no, Lamichhane 2-9

Bangla Tiger win by five wickets

How it works

Booklava works on a subscription model. On signing up you receive a free book as part of a 30-day-trial period, after which you pay US$9.99 (Dh36.70) per month to gain access to a library of books and discounts of up to 30 per cent on selected titles. You can cancel your subscription at any time. For more details go to www.booklava.com

UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

Marathon results

Men:

 1. Titus Ekiru(KEN) 2:06:13 

2. Alphonce Simbu(TAN) 2:07:50 

3. Reuben Kipyego(KEN) 2:08:25 

4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

1. Judith Korir(KEN) 2:22:30 

2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01  

UAE squad to face Ireland

Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind

MATCH INFO

Alaves 1 (Perez 65' pen)

Real Madrid 2 (Ramos 52', Carvajal 69')

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

Frida%20
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ECarla%20Gutierrez%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Frida%20Kahlo%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

LAST-16 EUROPA LEAGUE FIXTURES

Wednesday (Kick-offs UAE)

FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm

Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm

Inter Milan v Getafe (one leg only) 11pm

Manchester United (5) v LASK (0) 11pm 

Thursday

Bayer Leverkusen (3) v Rangers (1) 8.55pm

Sevilla v Roma  (one leg only)  8.55pm

FC Basel (3) v Eintracht Frankfurt (0) 11pm 

Wolves (1) Olympiakos (1) 11pm 

EPL's youngest
  • Ethan Nwaneri (Arsenal)
    15 years, 181 days old
  • Max Dowman (Arsenal)
    15 years, 235 days old
  • Jeremy Monga (Leicester)
    15 years, 271 days old
  • Harvey Elliott (Fulham)
    16 years, 30 days old
  • Matthew Briggs (Fulham)
    16 years, 68 days old