Joe Public doesn’t run a breeding farm business. We see these big sums thrown around and forget the staggering costs of purchasing, training, competing and breeding top quality race horses at showcase farms.
Joe Public can be fickle too, just as cold hearted as any ownership group when they lose money. They often yell insults at losing horses. Even at a simulcast screen.
Those showcase barns cost more than my house.
And then there is the backend “cr*p shoot” of buying the still racing stallion prospect.
Not of AP’s caliber but Battle of Midway is being tuned up for a possible return to racing after a subfertile first breeding season this year… 5 of 60 mares in foal. He has a genetic defect that affects the ability of his sperm to fuse with and fertilize an egg.
Yes, he was insured and the subfertility claim has been paid off. WinStar and Don Alberto (last racing owners) have bought the horse from the insurance company.
Looks like he is going to Coolmore for $75M. I was hoping Winstar would keep him.
I hope they set a reasonable stud fee, not overpriced like what American Pharoah’s was his first year
They won’t. :lol:
Mainly because if history is any indicator, his foals probably won’t be all that and a bag of chips. They’ll likely never be worth more than during those first few years when the market loses their mind over the potential futures of these foals from the shiny, new Triple Crown winner. Coolmore is going to capitalize on those first few years and probably even make back their investment before we have any idea whether or not his foals are actually “worth” it.
If he can get 300 mares a year between the hemispheres at an average $100K a pop for first 3 years, they’ll already be in the black by $15M before even considering sales of offspring.
Again, maybe.
I wouldn’t count on anything being definite until the horse’s owners say it is. And at least for the moment, they’re still mum on his stallion prospects.
Yeah, I’m sure they will seize the opportunity to make money while they can.
Interesting to see how much Pharoah’s fee has dropped over the last couple of seasons. The year before the babies race is brutal !!!
supposedly word on the street in KY is the deal is already done; they’re just waiting until autumn to announce it to take advantage of tax laws/breaks for the current ownership
I still think Winstar is minority owner in the horse; he doesn’t even race in their silks. For the life of me I cannot imagine why they allowed this horse to go to a competitor’s barn when he is a triple crown winner and sired by the hottest (DEAD!) sire around whos crop is extremely successful but limited.
Your conspiracy theory has been proven wrong in the press.
Winstar owns about 60% of the horse, China Horse Club owns about 25%, the other owners retain the rest. There was an agreement made along the way that Justify would wear China Horse Club’s silks every 4th start.
There are $75 million reasons why Winstar would let the horse to go to their competitor’s barn, if all the rumors are true. Coolmore can afford to offer that much because they have the international influence to make their investment back.
He does race in Winstar’s silks. They alternate from race to race with the silks. Pretty sure Mike Smith was wearing Winstar’s white silks when he won the Derby.
I think his stud fee will be very high - higher than AP - since Scat Daddy is gone and he is such a hot prospect. $250K would not surprise me at all.
Echoing the same thoughts, plus chiming in to add that Johannesburg hasn’t exactly set the world on fire at stud, hence why Coolmore let him go to Japan. Scat Daddy was by far the best horse he sired and so far he’s the only son to make any kind of mark as a sire. It’s too early to know if Scat Daddy proves to be a sire of sires.
He raced in Winstar’s silks for the KY Derby and Preakness, check your facts. If Winstar was a minority owner he wouldn’t have been racing in their silks for 2 of the TC races.
^^This. When these racing partnerships are formed, there is probably an exit strategy as well. China Horse Club and the rest of the owners are not in the breeding game (to the best of my knowledge). The agreement probably states the horse will be sold when it’s racing career is over, or if it’s underperforming etc. Most details are hammered out way in advance to keep things moving smoothly and avoid conflict etc. Maybe Winstar had an opportunity to match the offer, maybe not. We don’t know the partnership details and contractual obligations of the parties. They paid $500,000 for the colt, they’ve made a profit, and they probably own many more youngsters that lost money for them.
It’s not entirely unusual for a horse to alternate silks when there are multiple partners. For example, Curlin carried three different sets of silks in each leg of the the TC races he ran in.
Interesting to see how much Pharoah’s fee has dropped over the last couple of seasons. The year before the babies race is brutal !!!
Last time I checked, AP’s fee in the US is still $200K.
Stumbled over an article in Bloodhorse today.
3/4 to No Nay Never, No Never No More, will be standing in MD in 2019 for $350 booking fee :eek:
No Never No More never made it to the track after contracting EPM. No Never No More is out of the Tiznow mare Whosetheclownow who is half sister to No Nay Never’s dame, Cat’s Eye Witness.
I’m surely not good at pedigrees but seems like might be a good bargain for the right mares with owners willing to take a risk on an unraced colt with decent bloodlines.
I am betting against that, but being a former MDer, am hoping they hit a grand slam with him. MD doesn’t seem to have a superstar like Not For Love or Two Punch (or Northern Dancer).
Problem is, MD doesn’t have the mare power that it did at one time. I saw the press about No Never No More, too, and I can’t imagine he will get the quality he needs to prove himself. I hope I’m wrong!
I would agree that he’s not likely to get the quality he needs to prove himself and doesn’t help that he’s unproven on the track but if someone was looking for Scat Daddy lines on a budget, might be worth a try 
(This is the kind of thing that would, irrationally, appeal to me 
.)
As I have noted, pretty clueless about bloodlines but wonder if this might be a good sport horse direction to go rather than racing.
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