Reportedly selling breeding rights for $60 million with $25 million bonus if he wins the Belmont. Given WinStar has a thriving stallion roster, this makes little sense to me. If the horse does nothing else I would think he is $100,000 fee so while breeding 120 mares equates into $12 million a year, I would think the possibility of shuttling can’t be that much more of an enticement as I am sure someone would partner with WinStar. There are partners in for breeding rights only so maybe they wanted the cash option but Win Star still owns 55% of the horse. This is just very surprising to me.
Ozzy,was my understanding that WinStar and China Horse Club were in at 50-50 to begin,then they sold 15% to Sol Kumin and then about 10% more to Jack Wolf. I’m sure you are closer to the real numbers than I am,pass along anything you hear because I love the valuation part of the game. Hooper
I heard 15% to Kumin and 15% to SAF which then leased the racing rights to Starlight but retained the breeding rights. I didn’t think WinStar and CHC were 50-50 to start and that would seem to be the case given Justify has raced in WinStar silks exclusively since the allowance win rather than rotating. Not absolutely sure however and you may be correct in that they were 50-50 to start.
Thanks Oz. Maybe one of the great investigative reporters in the industry (haha) will be able to find out. Was surprised by the Audible news,seems Justify had his value established win or lose in two weeks. You can read right through Pletcher’s statement,he wanted to run. Hooper
I wrestled with whether or not to post this but given the horse is now out, here goes. Quite frankly I was surprised to see Audible was kept in training at all after the Derby. Not revealing the sources (yes plural) but all said it was predetermined prior to the Derby that Audible was headed to WinStar the day after for a freshening and to let the feet heal up. All thought the feet were a major issue and didn’t expect him to run a jump, especially given the track condition. I typically don’t allow the thoughts of others to talk me off a horse but those comments from those individuals certainly impacted how I wagered on the race given I was all in on Audible.
As for the comments by Pletcher, this is what I read:
"After talking to (WinStar Farm president) Elliott (Walden), we decided to freshen him up and point for a summer campaign," Pletcher said. "I don't feel like he's doing quite as well as he was leading into the Derby. We've kind of had a couple of weeks here where a lot of his training has been on sloppy tracks, but now that we've had some good weather and some good surfaces, I just don't feel like he's where he needs to be to feel like he's going to win the Belmont."
I am certainly not an Elliot Walden defender, but I have read other comments in which he stated the decision would be all Pletcher’s and he (Walden) was in favor of running. I didn’t read anything into those comments but Hoop,you have more experience with trainer speak so I will defer to your judgement. I do see where Pletcher is planning to run the WinStar owners Noble Indy in the race so it’s not like they are trying to minimize all competition.
Looking forward to seeing Audible at Saratoga with healthy feet. Ozzy,did you take photos of his feet Derby week or am I thinking of another horse you may have photoed? I just assumed that when Justify went through the ring at Keeneland and CHC and Maverick (Troutt and Casner) were the purchasers it was a 50-50 deal. Here is a video from the Keeneland sale,Justify walks into the ring at 29 second mark and drools for the next two minutes. Never seen anything like it. Hooper