This chapter examines the Irish National Stud from 1969 to 1982 during Michael Osborne’s tenure, the third manager of the Irish National Stud. Charles J. Haughey, the Fianna Fáil Minister for Finance, granted a free tax concession on syndicate shares in nominations to stallions, revolutionising the industry and leading to the rise of elite breeders like Vincent O’Brien at Coolmore Stud. The author utilises records from the Irish Parliament to further highlight concerns raised by politicians regarding the lack of transparency in the operations of the National Stud and how small breeders have not been facilitated sufficiently. The National Stud’s relationship with the Irish government becomes even more strained during this period, culminating in Osborne’s resignation. Furthermore, other factors limited the government's funding of the National Stud, and the author evaluates the circumstances along with the ongoing influence of private breeders on the Stud.