Episode 329: Allan Gainey- Remembering Hyperion Thoroughbreds

Great to chat with a man who co-founded Hyperion Thoroughbreds, one of the very earliest racehorse syndication companies in Australia. We find out what Allan’s been doing since a crippling recession brought Hyperion’s operation to a halt in 1990.

Allan takes us back to his childhood in Gravesend near Warialda when radio was a way of life to country people. He fell in love with the theatre of racing, the day he listened to the broadcast of the 1956 Melbourne Cup. 

He talks of school days in Inverell and his first job at the Valuer General’s Department in Sydney. A job transfer to Moree led him to a friendship with Terry Mulhall, destined to become his business partner in later years.

Allan reflects on the creation of Hyperion Thoroughbreds and the concept of forming larger syndicates than those offered by predecessors.

He recalls the creation of the famous black and pink silks which signalled the emerging popularity of syndication.

He reflects on the tough guidelines introduced by the Corporate Affairs Commission in the 1970’s. 

Allan looks back on the extensive methods of communication necessary to keep hundreds of owners informed about their horses.

He acknowledges some of the better horses to keep the Hyperion banner flying, beginning with the cheap Dubbo sale graduate Prince Clarendon.

Allan pays a special tribute to the evergreen Targlish, almost certainly the best horse to represent the company. The remarkable gelding raced 109 times for 17 wins and 31 placings.

He reflects on the ground breaking idea of purchasing a horse to race in America for Australian owners. He pays tribute to So Vague who won 5 races in the USA before being brought to Australia. He later won stakes races in Melbourne for Colin Hayes.

Allan acknowledges the devotion of some special trainers who gave great service to Hyperion Thoroughbreds. 

He pays a special tribute to the veteran jockey who rode many winners in the Hyperion colours and frequently helped out behind the scenes.

Allan reflects on the inevitable winding down of the 16 year old company when the recession started to bite. Hyperion was one of hundreds of businesses to be brought to their knees. The last of the horses were placed according the wishes of their owners, and a great era had come to an end. It was a tough day for old mates Gainey and Mulhall.