A fresh new breeze is wafting through British racing. Led by the enthusiastic Sheikh Fahad Al Thani, the Qatar ruling family is investing heavily in buying British bloodstock and, through their Qipco holdings, sponsoring the richest day’s racing in Britain.

At first British racegoers accepted the newcomers with a polite smile, seeing them as another bunch of mineral-resources-rich foreigners who would enjoy a few nice days out at Newmarket and Goodwood and then pass on to a new fancy such as founding theme parks or financing movies.