The 50-year-old has been training in Newmarket virtually since he gave up race-riding in 1982, but will not renew his licence next year. Champion hopes to remain in racing and will keep up his work for his cancer trust. He has followed the likes of Lord Huntingdon and Julie Cecil in recently deciding that training is not economically viable.
"It will be a hell of a wrench,'' he said. ``I worked it out yesterday and it is ridiculous, basically. But I don't think I will be the last one who has to give up. Funnily enough, I made a small profit the last two years, but it wouldn't be enough to take me out to dinner.''Reuse content