CURLIN TO LANE’S END?
Lane’s End Farm is expected to announce that reigning Horse of the Year Curlin will enter stud at the Versailles, Ky., farm in 2009 for a live foal stud fee of $75,000, the Paulick Report has learned. Lane’s End is owned by William S. Farish, vice chairman of the Jockey Club and former ambassador to Great Britain for President George W. Bush.
Jess Jackson owns 80% of the son of Smart Strike—Sherriffs Deputy, by Deputy Minister, with the other 20% owned by the Midnight Cry Stable of disbarred attorneys Shirley Cunningham and William Gallion. That share has been the focus of a complicated legal battle resulting from a $42-million judgment against Cunningham and Gallion in a civil case. The two also face criminal charges.
Jackson and wife Barbara Banke have offered to buy Midnight Cry’s 20% for $4 million, based on an appraisal by bloodstock expert Ric Waldman that set a $20-million fair market value on Curlin. While Curlin may have been insured for an amount in excess of $40 million, Waldman’s appraisal took into account the current global economic crisis and recent trends in the bloodstock market. The just-concluded November breeding stock sale at Keeneland resulted in a 46% decline in gross revenues.
Jackson announced Nov. 15 that Curlin would enter stud in Kentucky in 2009, though he did not name a farm. At the time, he said various offers were being considered, and also indicated Curlin could become the first stallion to stand at the Stonestreet Farms in Lexington that he owns. The late-season announcement, made after matings for many broodmares already have been planned, may also have contributed to Waldman’s appraisal, which Andre Regard, an attorney for Gallion and Cunningham, said was below the horse’s true value.
No decision is expected on the Midnight Cry share of Curlin prior to a Dec. 1 court date in Franklin County, Ky. If a judge rules that the share should be sold to Jackson for $4 million, an appeal could extend the legal battle well into 2009.
It is believed Gainesway Farm was a “finalist” in the bidding for Curlin’s stud services. Jackson owns a large share of dual 2005 Classic winner Afleet Alex, who stands at Gainesway, owned by South African Graham Beck and run by his son, Antony. Jackson and the Beck family are both involved in the wine business, Jackson in California as the owner of Kendall-Jackson vineyards and the Becks primarily in South Africa. Jackson sells many of his horses through Gainesway and Taylor Made Sales Agency, which is also believed to have been a finalist to stand Curlin. Jackson also is part owner of 2004 Horse of the Year Ghostzapper, who stands at Adena Springs. It isn’t known whether Adena Springs, owned by Frank Stronach, actively recruited Curlin.
With a fee of $75,000, Curlin would be the highest-priced first-year stallion entering stud in Kentucky in 2009. Kentucky Derby and Preakness winner Big Brown will stand at Three Chimneys Farm for $65,000, the same amount as Coolmore/Ashford’s multiple European Group 1 winner Henrythenavigator, who finished second to Raven’s Pass in the Breeders’ Cup Classic in which Curlin was fourth.
“Curlin has proven himself across two continents with 16 starts, the honor of 2007 Horse of the Year and the greatest North American money-earner in racing history,” Jackson said in the Nov. 15 announcement that Curlin would enter stud in 2009. “He always gave it his all and has done everything we have asked of him. I am proud to announce that he will start a new career in 2009 and contribute his soundness, stamina, durability and athleticism to the breed. I am looking forward to seeing his foals compete and possibly exceed his unequaled racing record.”
At the time of the announcement, Jackson said he would consider one more race in 2008 for Curlin if “an appropriate venue and purse are offered.” Curlin has been ruled out of the Clark Handicap at Churchill and Cigar Mile at Aqueduct, the two most likely races for him, so it’s extremely doubtful he will run again.
Curlin, who began his career under the care of Helen Pitts and was transferred to trainer Steve Asmussen after breaking his maiden at Gulfstream Park early in 2007, retires with record earnings of $10,501,800. He won 11 of 16 starts, with two seconds and two thirds. He won seven Grade 1 races: the Breeders’ Cup Classic, Dubai World Cup, consecutive runnings of the Jockey Club Gold Cup, Woodward, Preakness and Stephen Foster Handicap. Bred in Kentucky by Fares Farm, he sold for $57,000 at the Keeneland September yearling sale. Jackson, Satish Sanan and George Bolton bought at 80% interest in Curlin through bloodstock agent John Moynihan for about $3 million after the colt’s maiden win. Jackson eventually bought Sanan and Bolton’s interests.
Curlin’s sire, Smart Strike, stands at Lane’s End for $150,000. Also joining the 2009 roster at Lane’s End is War Pass, the 2007 2-year-old male champion and winner of the Breeders’ Cup Juvenile who will stand for $30,000 live foal.
Kevin McGee, legal counsel for Jackson’s Kendall-Jackson Vineyards in California, would neither confirm nor deny that a deal with Lane’s End was imminent. Attempts to reach Will Farish were unsuccessful. Bill Farish, son of the Lane’s End owner, said he could not comment on the matter.
Copyright © 2008, The Paulick Report
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Tags: adena springs, afleet alex, andre regard, ashford, barbara banke, Big Brown, Bill Farish, cigar mile, clark handicap, coolmore, coolmore/ashford, Curlin, dubai world cup, fares farm, Frank Stronach, gainesway, gainesway farm, george bolton, ghostzapper, helen pitts, henrythenavigator, horse of the year, horse of the year curlin, Horse Racing, jess jackson, jockey club gold cup, john moynihan, Keeneland, keeneland november breeding stock sale, kevin mcgee, Lane's End, midnight cry stable, Paulick Report, Ray Paulick, Ric Waldman, satish sanan, shirley cunningham, smart strike, steve asmussen, stonestreet farms, taylor made farm, taylor made sales agency, Thoroughbred industry, thoroughbred stallions, war pass, Will Farish, william gallion, William S. Farish
November 20th, 2008 at 10:04 am
[...] CURLIN TO LANE’S END? End is owned by William S. Farish, vice chairman of the Jockey Club and former ambassador to Great Britain for President George W. Bush. [...]
November 20th, 2008 at 10:14 am
Congratulations to Lanes End! That is rather interesting, as Lanes End is not that far from Three Chimneys. I wonder if Big Brown will be able to smell Curlin in the wind ?? LOL !
Enjoy your retirement, Mighty Curlin!
I look forward to visiting them both next year
November 20th, 2008 at 10:22 am
Mr. P, thanks for this scoop! I hope it’s true!
November 20th, 2008 at 12:50 pm
If this is accurate, Curlin will be well off in his prospective sire career with plenty of good mares to breed.
November 20th, 2008 at 4:55 pm
I can’t believe the BH or TT hasn’t covered this story yet. Seems like some folks are awfully scared. Way to be strong journalists!
November 20th, 2008 at 11:16 pm
The trades can’t report it without confirmation. It is called being a good journalist.
November 20th, 2008 at 11:37 pm
Don’t we already know Obama’s Health and Human Service and Homeland Security nominees as well as the fact that Hilary was offered SOS? Are you saying then that the BH and TT are the only real journalists in the country since every newspaper has reported on these leaks?
November 21st, 2008 at 12:33 pm
If it is fact Curlin will stand at Lane’s End, then I would guess his first year book will be exclusively mares owned by the rich and famous. For that level, his fee is very cheap. Another example of those that have, helping those that have.
This may be the right spot to comment on the subject of stud fees.
Stallion managers are making a big-deal of reducing fees for 2009 as a means to help mareowners in the current crisis. A lot of baloney. Fees are down on horses likely to have lower bookings because mares bred in 2009 will be sharply reduced. They have not repealed the law of supply and demand !!
If they have genuine desire to help mareowners in present hard times, they should offer relief on fees DUE in 2009 and consider returning some of the fees already collected this year for foals arriving in 2009.
Among measures that might bring some relief are: 20% reduction in the fees contracted in 2008; knock off the outrageous late payment penalties on 2009 payments due; convert to pay from proceeds; retroactively offer conversion to foal-shares.
Also, the group that made zillions from $100 + + oil can afford to conduct a lottery and retroactively waive 2009 fees due from a few mareowners. To try to limit the benefit to the “deserving poor”, the lottery could be limited to fees of $30,000 or less.
If there is anyone out there that thinks these modest proposals have merit, then get cracking on giving the message to stallion managers.
November 21st, 2008 at 12:45 pm
Panty, the news orgs then asked the Obama transition team to confirm those rumors…and they did. That is not the case here. And that is the difference. Ray is a blogger now, and can report rumor and what he is told informally, and when he was Editor-in-Chief of TBH he would not have reported this story until it was confirmed by the parties involved. Ask him.
December 1st, 2008 at 2:02 pm
[...] said his clients were looking forward to being partners in Curlin as he enters his new career at stud at Lane’s End Farm in Versailles, Ky., where he will stand for a first-year stud fee of $75,000, payable when the [...]