Posts Tagged ‘stonestreet stables’
Thursday, December 24th, 2009
By Ray Paulick
Buyers at the 2008 Keeneland September yearling sale who stopped by the Taylor Made Sales Agency barn to inspect Hip 1738 would have been looking at a bay colt by leading sire Smart Strike out of a young mare bred and raced by William S. Farish in partnership with Temple Webber Jr.
They would have been looking at a colt whose year-older half brother by Mr. Greeley, broke his maiden impressively at first asking at Saratoga a month earlier and who was entered in the Grade 2 Futurity Stakes at Saratoga on Sept. 13, one day before the yearling colt was to enter the sales ring.
But many of the potential buyers might also have been looking at a veterinarian’s report that said the colt had “mild sesamoiditis” in his left front ankle … “moderate mid-sagittal ridge erosion” in his right front ankle … “moderate sesamoiditis” in his left hind ankle … and a “post-operative lateral trochlear ridge divot” in both his left and right stifle.
Unfortunately, the details of that vet report may be what most buyers focused on, for despite the fact its conclusion was a “favorable prognosis” for racing soundness the colt was bought back by his breeders for $35,000, which wouldn’t even cover his sire’s 2006 stud fee of $50,000.
Who was the colt these buyers were looking at?
It was Lookin at Lucky, who went on to be a $475,000 graduate of the 2009 Keeneland April sale of 2-year-olds in training and is the probable champion 2-year-old Eclipse Award-winning male on the strength of four victories in American Graded Stakes races, including the Grade 1 trio of the Del Mar Futurity, Norfolk Stakes and CashCall Futurity. His only defeat in six starts came when beaten a nose in the Grade 1 Breeders’ Cup Juvenile by Vale of York.
Lookin at Lucky is just the latest example of a horse offered at public auction whose sale price was greatly diminished because of perceived physical problems that knowledgeable veterinary professionals believe would not impair its ability to train and race. He will be, as Mark Taylor of Taylor Made Sales Agency said recently, the 2010 poster child to help educate buyers about how physical or radiograph imperfections do not have to affect a horse’s racing ability or soundness.
Mark’s older brother, Duncan Taylor, who probably couldn’t dunk a basketball on an eight-foot hoop, often jokes that if NBA scouts drafted players on the basis of radiographs he might have gotten picked ahead of Michael Jordan because his X-rays are perfect.
Veterinarian Jerry Bailey and Lance Robinson, partners in Gulf Coast Farm, bred Lookin at Lucky after buying his dam, Private Feeling, for $130,000 from the Lane’s End consignment at the 2004 Keeneland November breeding stock sale. They sold Kensei for $300,000 to Jess Jackson’s Stonestreet Stables at the 2008 Barretts May 2-year-olds in training sale (Kensei went on to win the 2009 Grade 2 Jim Dandy, and Bailey and Robinson sold Private Feeling for $2 million at the 2009 Fasig-Tipton Kentucky November mixed sale).
Robinson and Bailey were high on Kensei’s younger half brother when he was entered in the 2008 Keeneland September sale. But Lookin at Lucky underwent surgery in April 2008 to remove OCD fragments from both stifles, and the aforementioned report prepared by the consignor’s veterinarian indicated other minor issues that the vet did not believe would prevent the colt from racing soundness. But, as has been the case with a long list of successful racehorses who did not sell well because of perceived issues, the report discouraged buyers who feel a horse is stigmatized by the letters OCD (which stands for osteochondritis dissecans),
So Bailey and Robinson put the colt in training and pointed him for Keeneland’s 2-year-old sale in the spring of 2009, offering him in the name of the Jerry Bailey Sales Agency. He caught the eye of trainer Bob Baffert after a one-furlong breeze in 10 seconds and brought the top price of $475,000 on the sale’s second day. Baffert, who said Lookin at Lucky X-rayed fine before the 2-year-old sale, told the Paulick Report he was unaware of the issues that accompanied the colt into the sale ring the previous September. Baffert bought the colt in the name of Mike Pegram, who now races Lookin at Lucky in partnership with Karl Watson and Paul Weitman.
“There’s a lot of times when you’re looking for athletes that it’s better not to have too much information,” the Hall of Fame trainer said. “There are so many horses that don’t ‘vet’ that turn out to be runners. I’ve trained horses that had OCD lesions and it never bothered them.”
Mark Taylor, who serves as president of the Consignors and Commercial Breeders Association, said one of the organization’s primary goals is to educate buyers about veterinary issues that come up at Thoroughbred auctions. To that end, the CBA has published several informative and useful booklets, including one that specifically deals with OCD. (Click here for a copy of that booklet, written by Frank Mitchell, and here to learn more about the CBA.)
Taylor said another one of the CBA’s projects is to gather racing results data for horses in various categories assigned by veterinarians based on radiographs and their prognosis for racing soundness made at the time they were offered at public auction. “Just at Taylor Made, we’ve got 90% of the X-ray reports of all the Grade 1 winners we’ve offered, starting with horses born in 1980 to the present,” he said. “It’s amazing some of the X-ray train wrecks that have gone on to be really good horses.”
Lookin at Lucky wasn’t one of those train wrecks. But the minor issues he had were discouraging enough to potential buyers that they passed on an opportunity to buy a horse who turned into a three-time Grade 1 winner and the early favorite for the Kentucky Derby. That’s the kind of horse that everyone is looking for.
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Tags: American Graded Stakes Standings, Barretts May, breeders' cup juvenile, CashCall Futurity, consignor, del mar futurity, duncan taylor, Gulf Coast Farm, jerry bailey, jess jackson, jim dandy, Keeneland, keeneland november sale, Kensei, Lance Robinson, Lane's End, lookin at lucky, Mark Taylor, Norfolk Stakes, Private Feeling, smart strike, stonestreet stables, Taylor Made, Temple Webber Jr., Vale of York, william farish Posted in American Graded Stakes Standings, Keeneland | 15 Comments »
Tuesday, August 4th, 2009
By Ray Paulick
Racing fans have read the superlatives or come up with their own adjectives in the wake of super filly Rachel Alexandra’s dominating victory over a very good field of 3-year-old colts at New Jersey’s Monmouth Park in Sunday’s Grade 1 Haskell Invitational, her eighth consecutive victory. They’ve also heard the declaration by majority owner Jess Jackson that he has no intention of running the daughter of Medaglia d’Oro in the 2009 Breeders’ Cup, because the event’s traditional “dirt†races are being held for the second year in a row on the Pro-Ride synthetic surface at Santa Anita Park in Southern California.These are heady days for Jackson, who has his sights on a third consecutive Horse of the Year crown, following Curlin’s titles in 2007 and ’08. Jackson blames Curlin’s fourth-place finish in the 2008 Breeders’ Cup Classic on the track that he calls “plastic,†and it’s harbored within him a grudge against the synthetic surfaces that the California winemaker just won’t let go of. The defeat didn’t cost Curlin the second of his two Horse of the Year titles—he’d done enough earlier in the year to warrant the award—but Jackson remains convinced that it was the track surface alone that forced the son of Smart Strike to ride off into the sunset of his outstanding career with a stinging defeat.
In truth, Curlin’s performance level was in decline when he came to the Breeders’ Cup. The trip to Dubai for the World Cup has taken a toll on many winners, from inaugural hero Cigar, who wasn’t quite as invincible after his victory there in 1996, to Well Armed, the 2009 victor who finished last in Sunday’s San Diego Handicap at Del Mar, his first start since his record-setting 14-length World Cup win.
Yet Jackson ignores the fact that Curlin was hard-pressed to beat Past the Point and Wanderin Boy–two horses who had never been in his class—in his final two starts before the 2008 Classic, the Woodward at Saratoga and Jockey Club Gold Cup at Belmont Park. And Robbie Albarado, a fine rider who fit Curlin well, rode him like a 1-9 shot at Santa Anita, as if he were up against a field of allowance horses or minor stakes winners. Given the circumstances of Curlin’s demanding campaign, the overconfident way he was ridden, and the quality of the international field he was facing in the Classic, there should have been no disgrace in defeat. Jackson and trainer Steve Asmussen chose to make the synthetic track the scapegoat, however, and they haven’t let up since.
Anyone who’s had their hands on a good horse, much less an extraordinary one like Rachel Alexandra, knows it presumptuous to point for a race too far into the future, but that’s what Jackson is doing. He’s trying to dodge criticism from ducking this year’s event by saying he’ll run Rachel Alexandra in the 2010 Breeders’ Cup at Churchill Downs on a conventional dirt track. Everyone hopes she stays healthy and sound for that long, but, realistically, what are the chances of that happening? Distant, I would think, especially if she continues to race on conventional dirt tracks that have been sealed in advance of rain, as Monmouth’s was on Sunday for the Haskell. Much as Jackson disparages synthetics, I would think he’s been around this game long enough to know that a sloppy, muddy or sealed racetrack is probably the most dangerous on which a horse can race or train.
I’m not here to defend synthetic surfaces. They have their detractors and defenders among people who know more about them than I do. Perhaps some horses do not race on synthetics as well as they do on a conventional dirt track. All synthetic tracks are not alike, either, and how they are maintained can be a critical factor in their ability to provide a safe racing surface. The debate over perceived difficulties in handicapping races on these surfaces is a completely separate issue. The idea behind synthetics, first and foremost, is to promote safety for horses and riders. Their use should begin and end on that subject alone. The installation of synthetics was done with what may have been a false sense of urgency. In hindsight, it would have been better to conduct research and compile data on their impact on musculoskeletal injuries.
Breeders’ Cup officials had their reasons for holding the event at Santa Anita in consecutive years, and I think that decision was a mistake that will not be repeated—unless either Churchill Downs or Keeneland become the permanent site for the championships (an unlikely move, at least in the near future). Having said that, though, the competition at last year’s two-day event was outstanding and, for the most part, formful.
Jackson doesn’t owe the fans anything. He’s put up his money and can do whatever he chooses with his horses. But for him to boycott the 2009 Breeders’ Cup with the sport’s biggest star, despite evidence that Rachel Alexandra has performed well on synthetics over Keeneland’s Polytrack, reminds me of the spoiled kid who didn’t like the way a game was going and decided to take his ball and go home.
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Tags: Breeders' Cup, Curlin, jess jackson, medaglia d'oro, Paulick Report, polytrack, pro-ride, Rachel Alexandra, Ray Paulick, santa anita park, stonestreet stables, Synthetic surfaces Posted in Breeders' Cup, People, Rachel Alexandra, Racing Greats | 83 Comments »
Sunday, August 2nd, 2009
Rachel Alexandra absolutely destroyed her male opposition in Sunday’s $1,250,000 Haskell Invitational Handicap at Monmouth Park, coming from just off the pace of Munnings, taking command on the turn for home, and romping home to a six-length victory for Calvin Borel, who is now a perfect-eight for eight on the Medaglia d’Oro filly now carrying the colors of Jess Jackson’s Stonestreet Stables and trained by Steve Asmussen.
Belmont Stakes winner Summer Bird finished a distant second, followed by Tom Foool Handicap winner Munnings in third and Arkansas Derby winner Papa Clem in fourth. Rachel Alexandra covered the 1 1/8 miles on a track labeled sloppy from showers earlier in the afternoon in 1:47 1/5. The time was just one-fifth of a second slower than the stakes record established in 1976 by Majestic Light and equaled 11 years later in a memorable Haskell won by Bet Twice over Alysheba in 1987.
Rachel Alexandra paid $3 to win as the 1-2 favorite.
As expected, Munnings, coming off that impressive win sprinting in the Tom Fool, went right to the front under John Velazquez and set fractions of :22 4/5 for the opening quarter mile, :46 2/5 for the half-mile and 1:09 4/5 for six furlongs. Borel had Rachel Alexandra just off his right hip, and Summer Bird was close behind in third, along the rail. Papa Clem raced close up in fourth.
On the turn, however, Borel let Rachel Alexandra extend her stride and she was quickly in front. When the field hit the top of the stretch, it was really only a matter of how big her margin of victory would be. She galloped to the wire in yet another incredible performance that may be the equal of her 20 1/4 Kentucky Oaks victory (her last start for trainer Hal Wiggins and breeder Dolphus Morrison, after which she was purchased by Jackson and Harold McCormick) or her 19 1/4-length victory last time out in the Mother Goose. This was her second victory over colts and geldings, following her one-length Preakness win over Kentucky Derby winner Mine That Bird.
Steve Asmussen wouldn’t speculate on Rachel Alexandra’s next start when interviewed on TVG following the race. “I’m just extremely proud of her–she’s just a tremendous filly,” said Asmussen, who said he was imprssed by the size of the crowd and the job Monmouth Park did in promoting the race. “All the support Rachel gets is a tremendous feeling,” he added. “I’m very proud of what she’s done today. She’s putting together an extremely good resume and hopefully she’s in the middle of what she eventually accomplishes.”
Jess Jackson said he didn’t know where Rachel Alexandra would go next either, saying, “We’ll see how she comes out. Her next race will be decided by us when she tells us.” Jackson did say the Breeders’ Cup at Oak Tree on a synthetic track is not an option, though he does want to face the unbeaten, reigning filly and mare champ Zenyatta. “We’re not going to the Breeders’ Cup,” Jackson insisted. “I’ve said that from the beginning and I mean it. I’d like it on a neutral course and I don’t like synthetic tracks.”
While there is plenty of racing remaining in 2009, Rachel Alexandra has clearly becoming the pro-tem leader in the race for Horse of the Year. She has won all seven of her starts this year–four of them Grade 1 and two Grade 2–and is now 10 for 13 lifetime.
The Haskell topped a big weekend for Asmussen and Jackson. On Saturday, Asmussen saddled Soul Warrior to an upset victory over Mine That Bird in the West Virginia Derby at Mountaineer Park and took the Jim Dandy at Saratoga with Jackson and Gulf Coast Farm’s Kensai. Kensai looks to be the favorite for the Travers Stakes at Saratoga later this month–unless Jackson and Asmussen opt to run Rachel Alexandra. That seems unlikely, however, since the filly may be better at 1 1/8 miles and the Travers is run over 1 1/4 miles, longer than she’s ever been.
Rachel Alexandra, produced from the Roar filly Lotta Kim, became the second filly to win the Haskell, joining 1995 winner Serena’s Song.
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Tags: Calvin Borel, harold mccormick, haskell invitational, jess jackson, monmouth park, Paulick Report, preakness, Rachel Alexandra, Ray Paulick, steve asmussen, stonestreet stables, zenyatta Posted in Horse Racing, Rachel Alexandra, Stakes Results | 32 Comments »
Saturday, August 1st, 2009
By Ray Paulick
Saturday was a huge afternoon for trainer Steve Asmussen as he won both major races for 3-year-olds, taking the $500,000 Jim Dandy by 2 1/4 lengths with Stonestreet Stables and Gulf Coast Farms’ Kensei only a few minutes after Zayat Stables’ Soul Warrior got up in the final strides to win the $750,000 West Virginia Derby by a neck, upsetting Mine That Bird and Big Drama.
Soul Warrior, a 3-year-old colt by Lion Heart, caught a game Big Drama in the shadow of the wire, outfinishing Mine That Bird, who trailed the field early and commenced his move under Mike Smith with about a half mile to go. Big Drama, as expected, set all the early fractions, going :23.73, :46.56, 1:10.45 and 1:37.13. He held a clear (up to lengths) and uncontested lead throughout, but the speedy son of Montbrook tired late and was unable to hold off the late run of Soul Warrior. Final time was 1:51.46.
In something of a surprise, Big Drama was made the 4-5 favorite over Mine That Bird, who was the even-money second choice. Soul Warrior was a 23-1 outsider who paid $48 to win. The Grade 2 West Virginia Derby was his first stakes win and third win overall from seven starts. He previously finished second in the Iowa Derby for Asmussen.
Dale Beckner rode Soul Warrior, picking up the mount from Miguel Mena on race day. West Virginia Derby chart.
Kensei was the co-second choice in the Jim Dandy behind Charitable Man. The son of Mr. Greeley was coming off a 3 1/4-length win in the Dwyer Stakes at Belmont July 4. In the Jim Dandy, Edgar Prado allowed Kensei to sit just off the pace set by Warrior’s Reward, contested the lead after a half-mile and drew off down the lane. Warrior’s Reward held second, followed by Charitable Man, the 6-5 favorite. Final time for the 1 1/8 miles on a fast track was 1:47.90 after fractions of :23.43, :47.50, 1:11.55 and 1:35.42.
Kensei was winning for the fourth time in seven starts. Jim Dandy chart.
Rachel Alexandra could complete a weekend trifecta for Asmussen with a win in Sunday’s $1,250,000 Haskell Invitational Handicap at Monmouth Park. The big weekend is coming just two weeks after he was handed a six-month suspension from the Texas Racing Commission for a positive test for a metabolite of lidocaine in a horse that won at Lone Star Park one year ago. The suspension was appealed and Asmussen was granted a stay.
JIM DANDY QUOTES, COURTESY OF NEW YORK RACING ASSOCIATION MEDIA OFFICE:
Steve Asmussen, winning trainer, Kensei (No. 3): “When the horse won the Dwyer in such an impressive fashion, this became a target for us. We’re glad to be on Kensei’s side. He’s a beautiful horse; he was very composed today with the crowd. For him to perform as he did on the highest stage speaks a great deal to his class.”
(On winning both the West Virginia Derby over Mine That Bird and the Jim Dandy)”It’s been a good day. Unbelievable.”
(Looking ahead to the Travers): “We’ll be happy and have a good dinner tonight and then deal with tomorrow [saddling Rachel Alexandra in the Haskell] before anything else.”
(On the possibility of both Rachel Alexandra and Kensei going in the Travers): “That would be very improbable, but I am speaking out of turn.”
Edgar Prado, winning jockey, Kensei (No. 3): “He came out of the gate very well and then he got real keen the first part of the race. When I asked him, he responded. He’s been training really sharp up here. I really liked him last time I rode him, and I really liked him today, too.”
Ian Wilkes, trainer of runner-up Warrior’s Reward (No. 4): "He was sharp; we were second best. Now, we have to look ahead at the next step with him. If he comes out fine, I’ll go ahead [with him in the Travers]. I was pleased. This horse could have folded easily. He could have finished third or fourth. The other two had a chance to beat him; he fought them off. We’re closing in on him [Kensei]. We got beaten 5 1/2 lengths last time. We might have been beaten two lengths this time. We’ll catch him."
Calvin Borel, rider of runner-up Warrior’s Reward (No. 4): "I like this colt. I think he’ll be alright. He’s still learning. He’ll run all the way. I wanted to get something out of him today. We’re still trying to figure out this horse. We’re trying to get him to go long. I know he can do it. His last race threw me off guard when he stumbled. That was supposed to be the prep race for this. I know he’ll finish, regardless where you put him."
Kiaran McLaughlin, trainer of third-place-finisher, favored Charitable Man (No. 5): “We had kind of a rough trip, and he finished third. It’s a prep for the Travers – we’ll see how he comes out of it.”
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Tags: gulf coast farms, haskell inivitational, jim dandy, Kensei, mine that bird, Paulick Report, Rachel Alexandra, Ray Paulick, soul warrior, steve asmussen, stonestreet stables, West Virginia Derby, zayat stables Posted in Horse Racing, Stakes Results, saratoga | 14 Comments »
Tuesday, July 14th, 2009
Jess Jackson announced that Rachel Alexandra will start next in the $1-million Haskell Invitational Handicap at 1 1/8 miles against colts on Aug. 2 at Monmouth Park in New Jersey. The Medaglia d’Oro filly, who’s won the Kentucky Oaks, Preakness Stakes and Mother Goose in her last three starts, tries to become only the second filly to win the Haskell after Serena’s Song in 1995.  Following is the press release received from Jackson’s Stonestreet Stables. — Ray Paulick
LEXINGTON, KY (July 14, 2009) – Rachel Alexandra’s connections announced today the next race for filly Rachel Alexandra will be the Haskell Invitational Handicap on Sunday, August 2 at Monmouth Park Racetrack.
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“Rachel Alexandra is progressing well after her stakes record victory in the Mother Goose. She is in top condition. If this preparation continues, our target is to race in the Haskell Invitational in about three weeks,†said Jess Jackson, owner of Rachel Alexandra. “We are all looking forward to seeing this great athlete perform again against both colts and fillies.â€
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The Haskell Invitational Handicap is a 1 1/8 mile Grade I race for three-year-olds with a $1,000,000 purse.
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In addition, there are only 11 more days for bidding on Rachel Alexandra’s training halter worn preparing for her record Preakness victory where, after 85 years, a filly prevailed in that classic race. The Kendall-Jackson/Rachel Alexandra Running Auction is a five-month-long charity auction taking place on www.kj.com.  Proceeds will be donated to The V Foundation to aid in cancer research.
Tags: haskell, haskell invitational, jess jackson, Paulick Report, Rachel Alexandra, Ray Paulick, stonestreet stables Posted in Rachel Alexandra | 24 Comments »
Wednesday, May 6th, 2009
From Stonestreet Stables Press Release/Caroline Shaw Public Relations
LEXINGTON, KY (May 6, 2009) – Stonestreet Stables, majority owner of two-time Horse of the Year, Curlin—and Harold T. McCormick of Birmingham, Alabama together with Dolphus Morrison and Mike Lauffer of L and M Partners, LLC announced today the purchase of Rachel Alexandra, the three-year-old filly who is undefeated in 2009 and the winner of last Friday’s Kentucky Oaks by over 20 lengths. As agreed to by both parties, terms of the deal were kept confidential.
“Rachel Alexandra is one of the best horses in racing today,” said Jess Jackson of Stonestreet Stable. “She is fast, strong and durable—the traits we should all be breeding into all future generations of race horses. Her beauty and athleticism will thrill thousands of fans. ”
“We are delighted to sell Rachel Alexandra to Jess Jackson’s Stonestreet Stables. Its reputation for integrity, putting the best interest of the horses above all else, and just doing things right will ensure this incredible thoroughbreds’ future and the industry at large. We are equally please she will retire after her racing career to Stonestreet Stables,” said Dolphus Morrison of L and M Partners, LLC.
In addition to the Kentucky Oaks win, Rachel Alexandra’s major victories include the Golden Rod Stakes (2008), Martha Washington Stakes (2009), Fair Grounds Oaks (2009), and Fantasy Stakes (2009). Foaled in 2006, Rachel Alexandra was out of Lotta Kim, a daughter of Claiborne Farm’s multiple stakes winner, Roar. Rachel Alexandra was sired by Medaglia d’Oro, a multiple Grade I winner who retired with career earnings in excess of $5.7 million.
Jackson indicated that when Rachel Alexandra’s racing career concludes, he will breed her to Curlin, whose speed, strength and durability are the key qualities in his “New Horse.”
The resilient Curlin, winner of 11 of 16 races in two consecutive campaigns—including the 2008 Dubai World Cup, the 2007 Preakness, and the 2007 Breeders’ Cup Classic—is known as an “iron horse” for never missing a race or a workout and retiring in perfect form and health. Rachel Alexandra has many of these same traits.
“We are tremendously excited by the prospect of one day seeing the offspring of Curlin and Rachel Alexandra,” said Jackson. “But for now, the story of this filly is still being written. My four daughters and granddaughter will be delighted this super filly will race in our colors.”
About Stonestreet Farms
Owned by Jess Stonestreet Jackson, Stonestreet Farms currently maintains a broodmare band of over 100 in its breeding operation in Lexington, Kentucky and races several dozen thoroughbreds through Stonestreet Stables. Jackson is the majority owner of Curlin, 2007 Horse of the Year. Together with his wife Barbara Banke, Jackson is also the founder and owner of the world-class Kendall-Jackson Wine Estates. For more information visit www.stonestreetfarms.com.
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Tags: jess jackson, Rachel Alexandra, stonestreet stables Posted in Curlin, Horse Racing, Racing Greats, kentucky oaks | 68 Comments »
Monday, December 1st, 2008
A Franklin County, Kentucky, Circuit Court judge has ruled against a proposed sale of a 20% interest in Horse of the Year Curlin to majority owner Jess Jackson for $4 million. The ruling by Judge Roger Crittenden came in a hearing on Monday involving the 20% owned by disbarred attorneys Shirley Cunningham and William Gallion, who have been hit with a $42-million judgment in a civil lawsuit involving the fees they charged clients in a class-action lawsuit against the manufacturer of a diet drug. Cunningham and Gallion also face criminal charges stemming from the case. The ruling against the sale was not based on the judge’s disapproval of the $4-million appraisal on the 20% interest, but because two parties objected to the sale: Gallion and Cunningham’s attorney, Andre Regard; and the attorney for the class-action plaintiffs, Angela Ford. The judge’s decision effectively ends a lengthy legal battle involving Jackson’s Stonestreet Farm’s and Cunningham and Gallion’s Midnight Cry Stable (also doing business as Tandy LLC). Midnight Cry originally owned 100% in Curlin and sold Jackson and two other partners an 80% interest after the son of Smart Strike broke his maiden early in 2007. Jackson eventually bought out the other two partners, Satish Sanan and George Bolton. Regard 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 foal stands and nurses. "He’s going to be a very popular horse," Regard said.
The objections of attorneys Regard and Ford were based on the appraisal provided in court by bloodstock consultant Ric Waldman, who testified in November that the current weakened market conditions placed Curlin’s overall value at $20 million as a stallion prospect. A court-ordered receiver arranged for a sealed-bid sale of the 20% through the Keeneland auction company in early November, but when there were no bids, Jackson offered to buy the interest for $4 million. Ford said the receiver had numerous conversations with Stonestreet representatives about the sale but never consulted with her as representative of the plaintiffs. "I think the evaluation is extremely low and I think it’s something we have to contest," she told Crittenden. Richard Getty, attorney for Jackson, told the court that a "bird in the hand — $4 million, which is a million and a half dollars more than I think it’s worth — is better than a bird in the bush. The current market conditions are horrible. … If they are not smart enough to figure out this is a very good deal, given the market conditions, I feel sorry for them. … A year and a half or two years from now this interest may not be worth $4 million." Regard said the court had been told repeatedly by Jackson’s attorney that no stallion farm would stand Curlin as long as Gallion and Cunningham were minority owners. "Lane’s End is the premier stallion farm in the world," Regard said. "Lane’s End was Tandy’s first choice last year, but disagreements between Mr. Jackson and Mr. Farish concerning some other issues in the industry prevented that. … Entering into a contract (with Lane’s End) proves that there were no legal issues related to Tandy’s ownership in Curlin that would prevent him from going to stud. Lane’s End saw no obstacle to standing the horse." Getty said after the ruling he was not aware of any "disagreements" between Jackson and Farish, and also said he was not aware that Jackson was prepared to make any further offers to Gallion and Cunningham for their interest in the horse. Getty pointed out to Crittenden that Lane’s End is receiving a management fee to stand Curlin and that Gallion and Cunningham would be liable for $1 million in expenses between now and April 2010 for management of the horse, insurance premiums and advertising/marketing costs. "Who’s going to pay the $1 million," he asked the judge. He also cited the fact some top race horses, including two-time Horse of the Year Cigar, can be infertile as stallions. "If they want to run the risk of intertility, we can’t help them," Getty said.
Regard responded that Lane’s End’s will be compensated after stud fees are paid. "The largest part of those expenses are going to be paid upon the receipt of the stud fee income," Regard said.
In the end, Crittenden sustained the objections of Ford and Regard to not go forward with the sale of the 20% in Curlin. "If both parties object, then this court does not intend to rule that the receiver accept the offer," Crittenden said. He ruled that the court-ordered receiver will wrap up its role, but be available in the event of any further offers. Copyright © 2008, The Paulick Report Visit the Paulick Report for all the latest news throughout the racing world. Sign up for our Email Flashes to get the latest news, analysis and commentary from Ray Paulick
Tags: andre regard, Curlin, horse of the year, jess jackson, Lane's End, midnight cry, Paulick Report, Ray Paulick, Ric Waldman, richard getty, roger crittenden, shirley cunningham, stonestreet stables, tandy llc, thoroughbred stallions, william gallion, William S. Farish Posted in Breeding, Curlin | 11 Comments »
Saturday, August 30th, 2008
By Ray Paulick
Reigning Horse of the Year Curlin edged past a stubborn pacesetter, Past the Point, to win the Grade 1 Woodward by a length and a quarter at Saratoga Saturday and move closer to Cigar’s earnings record of $9,999,815 for a North America-based Thoroughbred.
(VIDEO, Equibase charts for Saratoga)
Under regular rider Robby Albarado, Curlin broke well, but was jostled and carried out a bit wide into the first turn of the nine-furlong Woodward, then settled into fourth position as Edgar Prado guided Past the Point through quick early fractions of :22.89, :46.20 and 1:09.61. Wanderin Boy prompted the early pace.
Albarado asked Curlin for more run approaching the far turn, passed Wanderin Boy at the head of the stretch and set his sights on Past the Point, who came into the Woodward with just one graded stakes appearance (a third in last year’s Grade 2 Super Derby at Louisiana Downs) in nine starts. But the Eoin Harty-trained son of Indian Charlie racing for Darley Stable made Curlin work for the win. Albarado went to the whip a half-dozen times, getting up in the final furlong to grind out a hard-earned victory. Past the Point was second, with Wanderin Boy third. Final time of the race on a fast track was 1:49.34 after a mile split of 1:35.33. All starters carried 126 pounds.
It was Curlin’s first race at Saratoga and his 10th win in 14 lifetime starts. The 4-year-old son of Smart Strike races for Jess Jackson’s Stonestreet Stables and is trained by Steve Asmussen. The win in the $500,000 Woodward moved his career earnings to $9,796,800, putting him just over $200,000 shy of Cigar’s record.
The Woodward was Curlin’s fourth win in five starts this year, his only defeat coming last time out in the Grade 1 Man o’ War at Belmont Park when Jackson wanted to try the horse on grass before a possible trip to France for the Prix de l’Arc de Triomphe. That idea was scrapped when Curlin finished second to Red Rocks and now Jackson is thought to be considering the Japan Cup Dirt the first week of December. He has indicated that Curlin will not defend his title in the Breeders’ Cup Classic, won last year on a very sloppy track at Monmouth Park but scheduled on Santa Anita Park’s untested Pro-Ride synthetic track this year.
Curlin paid $2.70 as the heavy betting favorite.
FIRST DEFENCE went wire to wire to win the Grade 1 Forego after heavy favorite Lucky Island stumbled badly and was pinched back at the start. Under jockey Channing HIll, the 4-year-old son of Unbridled’s Song fought off an early duel with Eternal Star, setting fractions of :22.53, :44.61, and 1:08.49, then drawing off to win by 6 3/4 lengths, completing seven furlongs on a fast track in 1:21.55. Greeley’s Conquest finished second, with Ferocious Fires third. Lucky Island, who came into the Forego off four straight victories, moved into contention at the top of the stretch after falling back to last, but was unable to sustain his rally and wound up sixth.
The Forego winner runs for his breeder, Prince Khalid Abdullah’s Juddmonte Farms, and is trained by Robert Frankel. He was winning for the sixth time in 12 starts, but his only previous graded stakes victory came in the Grade 3 Jaipur. First Defence paid $17.60.
Copyright © 2008, The Paulick Report
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Tags: channing hill, cigar, Curlin, first defence, jess jackson, juddmonte, past the point, saratoga, steve asmussen, stonestreet stables, woodward Posted in Curlin | 6 Comments »
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