The Grinch Who Stole The
2007 Racing Season
While most Americans scurry around this time of year to finish up their
Holiday shopping, Central Kentucky stallion stations have all but completed
their buying sprees. At least 30 stakes winners and 13 grade one winners
will begin their new careers in the Bluegrass when the breeding sheds
open in February.
Distorted Humor is the hottest stallion in America and, with his stud
fee set at $225,000 for next season, his sons were high on everyone’s shopping
lists. Three Chimney’s secured the services of 2005 Travers winner Flower
Alley (standing for $25,000) prior to the Breeders’ Cup and, in just
the past two weeks, there were two additional Distorted Humor sons retired
to stud. Grade two winner Sharp Humor ($12,500) came out of the Cigar Mile
worse for the wear and will stand alongside his sire at WinStar Farm, while
Hawthorne Gold Cup victor It’s No Joke ($10,000) will join the roster
at Stonewall Farm.
It’s rather incredible that Flower Alley, Sharp Humor and It’s
No Joke are the first three sons of Distorted Humor to stand in Kentucky. Of
course, Distorted Humor’s first two major sons, Derby/Preakness winner
Funny Cide and Whitney winner Commentator are both geldings (who would want
to breed to the son of a $10,000 stallion anyway?). Ooops.
2005 Kentucky Derby winner Giacomo ($15,000) will also enter stud next year
as probably the least exciting (to breeders) Kentucky Derby winner since Go
For Gin. He’s a son of the solid by not commercially fashionable Holy
Bull and the fact he won only once after that first Saturday in May gave credence
to the notion that his Derby win was of the flukish variety. But he’ll
be standing at Frank Stronach’s Adena Springs Farm and Mr. Stronach has
a large band of quality mares that he uses to support his young stallions.
So even if outside breeders don’t flock to Giacomo, he’ll have
every chance to prove himself. Adena Springs has done it before with El Prado
and, to a lesser extent, Alphabet Soup.
Bernardini will, of course, be the most expensive new stallion with an initial
asking price of $100,000. I was as disappointed as any racing fan when he,
along with Henny Hughes ($40,000), was retired after the Breeders’ Cup.
But I think some perspective is needed amidst the uproar surrounding their
early exits from racing’s center stage.
The fact that top equine stars tend not to stay around very long, while extremely
frustrating, is only one factor in racing’s decline in popularity over
the past 30 years. And in the grand scheme of things, it’s probably a
rather small one. The shift of American culture to one of immediate gratification
is probably the biggest reason there is a growing disinterest in a game that
takes time and patience to learn and play.
I’ll agree, though, that it’s a little more disconcerting that
Bernardini and Henny Hughes were whisked away by Sheikh Mohammed, a man who
doesn’t normally pay heed to the economics of the horse business. Bernardini
will generate around $40 million in stud fees over the next four years, a figure
that is an indicator of what he might be worth on the open market. Most race
horse owners would have little choice but to sell out at a figure like that.
But one of the planet’s richest men who, if you averaged out his yearly
income, probably makes $40 million each night in his sleep?
But then there is this feud between Sheik Mohammed and the Irish racing and
breeding juggernaut Coolmore to consider. The squabbling actually began in
earnest 2005 when it became known that the ruling family of Dubai would no
longer purchase yearlings sired by Coolmore stallions. The idea of the boycott
being that commercial breeders would be hesitant to use Coolmore stallions
like Giant’s Causeway and Montjeu if a sizeable buyer at the top end
of the market would be automatically unimpressed. Back in February of this
year, Coolmore won the bidding war for the Forestry two year-old colt The Green
Monkey (although it remains to be seen if that was, in fact, a victory). Then
at the Keeneland September Yearling sale Darley barley let Coolmore get a bid
in edgewise, buying every single yearling of mutual interest.
In the past few years Sheikh Mohammed has begun to play the stallion game,
here and elsewhere in the world, with Coolmore clearly in his sights. Aside
from refusing to buy Coolmore-sired yearlings, he’s invested heavily
in the infrastructure of his Central Kentucky stallion station, Darley at Jonabell.
He’s also secured stallions from outside his racing program in recent
years, bringing in Consolidator, Offlee Wild, and now Rockport
Harbor.
This fall the Sheikh didn’t have to go shopping. He already had two of
the most desirable stallion prospects in hand. While it’s no solace to
racing fans, Sheikh Mohammed simply decided Bernardini and ‘Henny’ were
needed more on the breeding front than the racing front of the ‘Coolmore
Wars’.
Matt O'Neil has been a racing enthusiast since the mid 1980's. He currently
works for Taylor Made Stallions, Inc. in Central Kentucuky and is published
regularly in Owner-Breeder International and The Florida-Horse. Contact
Matt O'Neil
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