Fairyhouse is owned by
Horse Racing Ireland (HRI) and was managed by
Doneraile man Dick Sheil, a graduate of Warrenstown Agricultural College and
UCD from 1999 until October 2006, one year after ownership passed hands from Fairyhouse Club LTD owing to financial difficulties. HRI viewed Dick Sheil as a tremendous asset to the course having brokered considerable sponsorship and managing many major meetings. The course was overseen by a
caretaker manager for almost a year and on 1 October 2007 the position was filled by
chartered accountant Caroline Gray who had worked for the HRI finance department for five years previously and was described as an "innovator" by HRI. The Powers Whiskey sponsorship is backed up by the Irish branch of
Pernod Ricard, a sponsorship existing since 1960 and the longest sponsorship in Irish racing. Fairyhouse General Manager Caroline Gray credits this sponsorship for making the Irish Grand National what it is today but the term is due to end in April 2010 and future sponsor is currently uncertain. Wet weather often affects Fairyhouse and Ireland had been experiencing the
worst flooding on record in 2009. ==Notable races==