Career
He was apprenticed to Joseph Cannon at Newmarket and was known as "a good lightweight, with very good hands". Loates once narrowly escaped death when falling in the Liverpool Cup on Lord Derby"s race mare Birch Rod. A low point for Loates came in 1891 when his licence to ride was withdrawn by the Jockey Club for his involvement in betting, but he was reinstated the following year.
He died in Brighton, England in 1910, leaving $1,250,000 in property.
lieutenant was believed he had amassed this phenomenal sum ($318 million in 2013 prices) because his later employer was the financier Leopold de Rothschild who looked after his investments. Brighton & Hove Business Number 415 is named in honour of him.