Son of the champion jockey Martin Molony, Peter was educated at Glenstal Abbey before getting his first taste of working in the bloodstock industry when doing a yearling season at Mountcoote Stud for Alan Lillingston, who Peter considers ‘a true pioneer and a man ahead of his time’.
He did a diploma in agriculture at Gurteen Agricultural College and then completed the Irish National Stud course in stud management in 1988, after which he spent three years working at various stud farms in New Zealand, Australia and the USA, including Lyndhurst Stud, Ardsley Stud and Three Chimneys.
Peter returned home to develop and run the family’s farm, Rathmore. Shortly after, he became friends with David Redvers, beginning both an enduring friendship and business relationship. Since Peter took on Rathmore, the farm has boarded mares for David and Juliet Minton, Trickledown Stud, Silfield Bloodstock and many more.
Peter has pin-hooked and produced many top class Flat and National Hunt horses, including Cheltenham Gold Cup winner, Bobsworth, Hong Kong Derby winner, Sobriety and Park Hill winner and Oaks runner-up, Rising Cross, as well as the Stakes winners Tax Free and Tombstone.
He has worked for Sheikh Fahad and Qatar Racing for seven years as their Irish Representative and since 2013 he has developed and run Spring Lodge following its purchase on behalf of Qatar Racing.