In a major move to make Thoroughbred racing partnerships more accessible, fun and affordable, the successful team of California-based owner Tim Cohen of Red Baron's Barn and Rancho Temescal and Kentucky-based bloodstock agent Joe Miller of Kern Thoroughbreds are launching Rancho Temescal Thoroughbred Partners (RTTP).
This new boutique initiative will allow individuals to tap into a winning formula that has yielded dozens of stakes winners and top ownership honors at Del Mar and Santa Anita Park, primarily through the acquisition and import of quality international runners.
Founded by the late Jed Cohen, Tim's father, Red Baron's Barn and Rancho Temescal utilizes Miller's expertise to identify and acquire race-ready European and North American bloodstock through public and private purchases. This finely tuned business model has yielded multiple Grade 1 winner Janet (GB), Grade 1 winner River Boyne (Ire) and multiple Grade 1 winner and 2021 Breeders' Cup Sprint runner-up Dr. Schivel, among other notable color bearers, while boosting the Cohen family's barn to elite status.
Over the last three years, 27 horses owned by Red Baron's Barn and Rancho Temescal have either won or placed in stakes company, paving the way for the small, family-owned group to earn leading owner titles in 2022 at Santa Anita and Del Mar. Continuing the momentum, Red Baron's Barn and Rancho Temescal also rank first among owners by wins at Santa Anita's current 2022-2023 winter/spring meet.
“Before he passed away, my father and I had many discussions about the future of horse racing, and we agreed that the individual ownership model is now going away,” said Tim Cohen. “We were fortunate to own horses without partners for over 60 years, except for a few family friends. This experience taught me that winning and racing are better with friends, associates and like-minded enthusiasts.”
“With that mindset of camaraderie as our driving force, Joe Miller and I are excited to announce the creation of Rancho Temescal Thoroughbred Partners, through which we expect to share my family's successful racing model by inviting individuals to partner with us,” Cohen said. “We believe that veteran Thoroughbred owners and newcomers alike will appreciate the international bloodstock team we have assembled, and the success it has generated.”
By not charging excessive mark-ups and fees, RTTP will differ from many traditional — and larger — racing partnerships. The business model will be simple, with one payment up front that will cover acquisition and training and the dissolution of the partnership approximately every three years ending with a return distribution. A new collaboration may initiate each year, with prior partners preferenced to limited availability.
To maintain its close-knit ambiance, RTTP will engage 10 or fewer horses per year, to be based throughout the U.S. Daily management and partner communications will be handled by Miller.
“Over the last few years, I have been fortunate to assist the Cohens in acquiring horses and managing their growing racing stable,” Miller said. “Additionally, I have managed several top racing and breeding operations, including several syndicates. These partnerships experienced success on the highest levels with several Grade 1 wins. However, equally important, I believe people enjoyed their ownership experience, including receiving regular updates on their horses. This is an area in which I believe RTTP will especially excel.”
“By focusing on acquiring proven racehorses and utilizing our established international team, we can eliminate much of the risk associated with horse purchases,” Miller explained. “We have a proven track record of buying racehorses in Europe and developing them into stakes winners in North America, and we have every confidence that this winning pattern will continue and expand through RTTP.”
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