He won two minor events as a juvenile and a handicap race on his three-year-old debut before emerging as a top-class performer with victories in the St James's Palace Stakes and Prix Jacques Le Marois.
Ridden by Robert Havlin he started the 11/10 favourite and won in "impressive" style by three lengths after coming from well off the pace to take the lead inside the final furlong.
[6] Two weeks after his win at Newcastle the colt was stepped up sharply in class to contest the Group 1 St James's Palace Stakes at Royal Ascot in which he was partnered by Dettori and started at odds of 4/1.
After starting slowly and racing towards the rear of the field Palace Pier began to make progress on the final turn, moved into contention a furlong out, and overtook Pinatubo in the closing stages to win "readily" by a length.
[9] On 16 August Palace Pier was matched against older horses for the first time when he was sent to France to contest the Group 1 Prix Jacques le Marois over 1600 metres on heavy ground at Deauville Racecourse.
I know he's got a bundle of ability, but fully at the 600 meters where they join the main track, I saw Frankie's hands having to nurse him, and I thought, 'Uh-oh … he's hating this ground,' and I don't think he liked it one bit.
[11] On his final run of the season Palace Pier started the odds-on favourite for the Group 1 Queen Elizabeth II Stakes over one mile at Ascot on 17 October.
He recovered from a poor start to move up into a challenging position two furlongs out but after losing a shoe he was unable to maintain his run and finished third behind The Revenant and Roseman.
"[16] At Newbury Racecourse on 15 May Palace Pier started the 1/2 favourite for the Group 1 Lockinge Stakes with the best fancied of his ten opponents being the Aidan O'Brien-trained Lope Y Fernandez.
[18] At Royal Ascot on 15 July Palace Pier started 2/7 favourite for the Queen Anne Stakes in an eleven-runner field which also included Order of Australia, Accidental Agent, Lord Glitters, Top Rank and Bless Him.
[19] John Gosden commented "When you're odds-on like that it would be a bit odd if you weren't nervous, because the only thing around the corner is the banana skin, so it can happen, but I think Frankie was aware there would be no pace and he just asserted early.
"[20] Palace Pier was expected to reappear in the Sussex Stakes at Goodwood Racecourse in July but bypassed the race after he was found to be suffering from a "blood disorder".
[21] On 15 August Palace Pier attempted to repeat his 2020 victory in the Prix Jacques le Marois at Deauville and started the odds-on favorite in an eight-runner field which included Poetic Flare, Order of Australia, Alpine Star and Victor Ludorum.
[23] Palace Pier ended his racing career on 16 October at Ascot when he made his second attempt to win the Queen Elizabeth II Stakes and started the 6/4 favourite.