Jockey Jamie Spencer has abandoned plans to retire from the saddle and will continue next year as a freelance.

The 34-year-old Irish-born rider shocked racing in August when he announced his intention to retire by the end of the year, and it had been expected his final ride had come in the early hours of Sunday morning when he could finish only seventh aboard Trade Storm in the Hong Kong Mile at Sha Tin.

Twice crowned champion jockey in Britain, Spencer was told in the summer his retained contract with influential owners Qatar Racing would not be renewed in 2015 and he was set to take up a management role within Sheikh Fahad Al Thani’s racing operation.

However, he said in a statement: “Sheikh Fahad and Qatar Racing offered me a wonderful opportunity to become part of their management team but, after much reflection, I have decided that at this stage in my life I am not going to accept it.

“I have discussed at length with Sheikh Fahad my decision to carry on riding and he fully understands and supports me. He appreciates that riding is what makes me happy and the last thing he wants to do is stand in the way of that.

“The friendship I have with Sheikh Fahad goes way beyond that of the traditional owner-jockey relationship and even though I will no longer be retained by Qatar Racing I know that won’t change.

“I will be riding primarily as a freelance, but obviously I have certain existing links and relationships with trainers that I will be utilising. I am also looking forward to being entirely free and available for the first time in six seasons and developing new associations. I have no specific targets other than to continue to be successful.

“There have been a few close confidants that have helped me in making this decision and I’d like to thank them for their support.

“At the time of their offer, I thought I was ready to retire from race riding and take up a position with Qatar Racing. Sheikh Fahad understands completely why I no longer feel I can accept the offer and that is what is most important to me, I am less concerned about what others may think or say.”

Andrea Atzeni will assume the number one role for Qatar in the new season, supported by Oisín Murphy.

On behalf of Qatar Racing, racing and bloodstock manager David Redvers said: “Our priority throughout has been to support Jamie in whatever he decides to do.

“Should opportunities arise when our retained jockeys, Andrea Atzeni and Oisín Murphy, are not available then we would be delighted to use him. Jamie is the consummate horseman and a good friend and we wish him every success.”