Losses at Sheikh Mohammed bin Rashid Al Maktoumâs thoroughbred horse racing stable Godolphin fell by 22 per cent to â¬8.36 million last year. The reduction in losses at the stud operation came as revenues at Godolphin Ireland Ltd surged by 29.5 per cent from â¬21.72 million to â¬27.68 million in the 12 months to the end of December last. The company said that the revenue increase was due to the improved stallion roster and the introduction of new stallions in 2020. Operation This contributed to Godolphin Ireland Ltdâs ânomination incomeâ increasing by 53 per cent from â¬11.46 million to â¬17.56 million last year. Godolphinâs operation in Ireland comprises of five farms in Co Kildare, one in Co Meath and two in Co Tipperary and numbers employed by Godolphin last year totalled 237.