This was run on Wednesday 8th May 1788 and 11 ran, although there were initially 30 subscribers. It took place over a mile and a half and the winners prize was £971 15s, (The equivalent of £139,200 in today's terms based on Bank of England inflation calculator). The winner was bred by Mr Dawson and trained by Frank Neale. The winner was a chestnut horse by Pontac out of Sportsmistress.

THE DERBY 1788

SIR THOMAS SR 1953

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Pos. Horse Jockey Owner
1 SIR THOMAS William South HRH Prince of Wales
2 AURELIUS Frank Buckle** Lord Grosvenor
3 FEENOW ----- Lord Barrymore
4 ALTAMONT ----- Lord Foley
Also

GREY DIOMED

----- Mr Fox
Also BROTHER TO COWSLIP ----- Duke of St Albans
Also STAR ----- Mr Taylor
Also PONTO ----- Lord Clermont
Also GOLIATH ----- Duke of Queensberry
Also CONSTANS ----- Mr Lade
Also COLT BY JUPITER ----- Mr Hull
  Betting    
5/6 Sir Thomas    
5/2 Aurelius    

**NOTE that only the winning jockey was recorded in the Racing Calendar. However, Frank Buckle had his first public ride on 17th May 1783 and rode regularly for the 1st Earl of Grosvenor, Richard Grosvenor, until the death of the Earl on 6th August 1802, so on the balance of probability it is likely he partnered the Earl's Derby mounts. After his death Frank teamed up with trainer Robert Robson, who trained for the Dukes of Grafton, Sir Charles Bunbury and Colonel Mellish, but also took some mounts for the eldest son of the 1st Lord Grosvenor, also called Richard. Furthermore, reports after Frank's death in 1832 reported he also rode for Mr Udny, Mr Durand, Mr Cookson and Mr Wilson.