I think Shah maintained ownership through his breeding career, or at least majority ownership.
MD breeding has been spiraling down the toilet since Northern Dancer was pensioned. Every now and then someone finds a plunger and makes it seem like it’s on the rise, only to realize nothing but remains.
In 2017, Stronach, who literally owns the Maryland Jockey Club, was supposedly going to shift his breeding interests from KY and Ontario to regional markets in MD, CA, and AB. Between that and some recent money delegated for purses and breeding incentives, it was like someone took a plunger to the toilet yet again. Everyone started talking about how MD was back on the upswing. Then Shah made the decision to stand Dortmund at Bonita, which was exciting because he was literally the best racehorse to begin his career in MD in decades.
There is no one more optimistic (or naive) than MD horsemen, because no surprise, nothing panned out like it should. Stronach never invested, actually screwed Alberta and Cali by pulling out his good stock and leaving farm owners to fire sale the rest. State money didn’t flow like it was supposed to. We went through a million more rounds about closing Pimlico. Then covid…
Anyway, I’m sad to learn this. It’s not surprising. Dortmund opened really high and never got many mares while here.
This would be the perfect time for the Stronach group show they are serious and intervene, but I doubt that will happen. Also, I don’t trust how they would “intervene.”