‘We Back Them Up To The Hilt’: The O’Callaghans on Making Stallions

It is not exactly a state secret that the team at Tally-Ho Stud, to use that old phrase, prefer their horses to do the talking. This could be misconstrued as a lack of friendliness but if you talk to other members of the bloodstock community about Tony and Anne O'Callaghan and their sons Roger and Henry, you will almost certainly hear variations of the phrase “lovely people”.

Indeed, within the family kitchen at the stone farmhouse just a short stretch up from the stallion yard a warm welcome is issued from all four members of the immediate family. Anne has a stroganoff ready for lunch and takes her place at the head of the table as if to referee the debate. But there's no need for that. 

“Well done for getting into the engine room,” she says with a laugh. In a week or so, the covering shed, with its full schedule of mares visiting the farm's seven stallions, could perhaps be judged to be the engine room, but the Tally-Ho kitchen, fittingly bedecked with hunting scenes, is clearly where all the important decisions are made.

As Tony talks, directly behind him sit two large monitors with grids of images showing CCTV footage of the foaling boxes and the farm. Twenty-five foals were on the ground by Jan. 27, almost one a day, and that rate will only pick up as the season progresses. 

To an extent, Tally-Ho Stud is known now as a commercially successful stallion operation. But that is only one facet of the place. The O'Callaghans' sizeable broodmare band of course plays an important part in supporting those stallions, and the two combined have been responsible in creating some notable names, with the farm having been on a particular roll in recent years. 

Group 1 winners Campanelle (Ire), Fairyland (Ire), The Platinum Queen (Ire), Perfect Power (Ire) and Ebro River (Ire) are backed up by Malavath (Ire), Knight (Ire), Kessaar (Ire), Ardad (Ire), Lusail (Ire), and Caturra (Ire). All bar one of those named are by the Tally-Ho stallions Kodiac (GB), Mehmas (Ire), Cotai Glory (GB), and Galileo Gold (GB), though the latter has just moved to Haras de Bouquetot for this season. The exception in the list is Perfect Power, who is by Overbury Stud's Ardad, but as his sire was bred at Tally-Ho, the bragging rights remain strong.

You won't hear a lot of bragging in this corner of Co Westmeath, however. As the conversation begins, naturally the first subject is Kodiac, the de facto king of Tally-Ho. Of his arrival at the stud some 17 years ago, Tony reflects, “I'd say we've been lucky. Then we kind of followed Danehill big time. And I suppose that was a result of Kodiac coming in.”

While Roger adds sagely, “And we've learned from our mistakes.”

Their selection of stallions, Tony says, is “A gut feeling as much as anything. We always like the 2-year-olds. The 2-year-olds only have to compete against themselves, which makes it easier.”

Recruiting the non-stakes winning but well-bred Kodiac in the year his half-brother Invincible Spirit made a lighting start with his first 2-year-old runners, was, in hindsight, an easy decision.

“When he came out the door, we liked him straight away. I'll always remember that,” says Roger, recalling a visit to John Dunlop's Arundel stable.

“Big arse on him, and square,” adds Tony. 

“He'd shown nice form. He was competing in very good races. He'd only been beaten two lengths in a Group 1 [Prix Maurice de Gheest]. We paid what they asked for him on the day. We didn't haggle one bit; we just said we'd take him. And John Dunlop was very disappointed at the time because he wanted another year to compete in Group 1s.”

There follows a brief debate as to the number of 2-year-old winners Kodiac had in one year when setting a new world record. The answer is 61, in 2017, seven more than Deep Impact (Jpn) notched in that same year. Kodiac's reputation has been hewn by his tendency to produce precocious offspring, and Anne points to another important factor.

“His temperament,” she says. “And the fact that the trainers hooked onto him very early on, and the breeze-up boys. [His stock] were so biddable, and winning, and wanted to give that extra inch.”

Presently, at least 10 sons of Kodiac are at stud around the world, one as far afield as Maryland, USA, another right on the doorstep in the homebred Kessaar, who is now up to 25 winners as his first crop of runners turn three. 

Kodiac has had an emphatic influence on Tally-Ho Stud. “He built most of this,” says Roger, wafting his arms around the yard during an earlier stallion parade. At 22, he is the venerable veteran of the team, with another upwardly mobile stallion now snapping at his heels. It has been hard to ignore Mehmas (Ire), who set his own record when becoming the most prolific European first-season sire with 55 winners in 2020, a tally that puts him only behind Kodiac as the most successful sire of juveniles. 

“Incredible,” is how Tony describes the son of Acclamation (GB), a graduate of the breeze-up system which plays such an important role in spruiking young stallions, and sometimes the opposite.

“The breeze-up boys do all the promoting,” says Anne. “And the jungle drums do most of the talking for you. I mean, if the Chinese whispers are good, you don't need to say any more.”

Her husband is quick to remind us that for every successful stallion, there are plenty that don't work out. “They hated Bushranger,” he states. “And we suffered for it. His career ended by 15 April. Ten of them had run, eight of them had started favourite, and not one finished in the first three. He covered mares for the rest of the season and he didn't get one the following year. Not one mare. It's like you turned off the tap.”

We back the stock in the sales, too. We go and look at them often. If we like them any bit at all, we try and buy them. Sometimes too much. But the heart is stupid

As one who has been around horses all his life, he takes a fatalistic view to the inevitability that not every stallion that walks through the gate will end up being held in the same regard as Kodiac. Plenty will end up quietly moving on. Some, sadly, such as Danetime (Ire), Red Clubs (Ire) and Society Rock (Ire), will die young. 

“If they haven't enough mobility, you have to accept it,” says Tony. “You just have to agree, and then you have to look at the next three years' work out in the field. You go to the sales and people just walk past the door. We had it with Morpheus and with Bushranger. That's the hardest part.”

He adds, “But we like to back them. Oh, we back them up to the hilt until they…”

“Kick us in the arse,” interjects Roger.

Tony continues, “We back the stock in the sales, too. We go and look at them often. If we like them any bit at all, we try and buy them. Sometimes too much. But the heart is stupid.”

Often enough, the O'Callaghans will find themselves in competition either at the sales or in the running to buy a stallion with members of their own family. Tony's brother Gay and his wife Annette run another highly successful stallion business at Yeomanstown Stud with their sons David and Robert, with two more sons, Peter and Guy, at the helm, respectively, of Woods Edge Farm in Kentucky and Ireland's Grangemore Stud. Another two of Tony's brothers, Noel and Pat, are also successful breeders. 

Anne, meanwhile, brings a classy distaff lineage to the operation. Her late father Tom Magnier owned Grange Stud, home to the great National Hunt sire Cottage (Ire), and her mother Evie Stockwell was a committed breeder in her own right until her passing last September. Most readers of this publication will be aware of the significant role Anne's brother John Magnier has played within the business for many years.

“We go into the sales and we bid away,” says Tony in his matter-of-fact manner. “We could be bidding against brothers. There's no doubt about it, in-laws and brothers are always sure to be the opposition.”

The commercial feel of the stallion roster, which also includes the promising Cotai Glory, Inns Of Court (Ire), who is about to have his first runners, Starman (GB) with first foals, and new arrival Persian Force (Ire), is largely matched by the profile of the broodmare band.

Tony explains the necessity of this situation. “Look, the Classics are all basically between Coolmore, Juddmonte, Darley, Shadwell, the Aga Khan, and a few others. It's very hard to compete. We just step outside that and work away grand.”

He adds of his farm, which was the birthplace of the 1972 Prix du Jockey Club winner Hard To Beat (Ire) among others, “The Classic winners were bred in Tally-Ho before we got it. There could've been 60 mares here back in the '50s or '60s. There was, I think, three or four Leger winners bred here, Guineas winners, 1000, 2000. I don't know if there was the Derby winner, but there was a whole heap of good horses bred here.”

It is a situation that persists.

“We just keep reinvesting in mares, trying to get better mares. That's all there is. Some work, and some don't,” says Anne modestly. She is considered to have a sixth sense when it comes to the mares being about to foal and is, like her husband and sons, fully immersed in every aspect of the business.

“It's all hands to the pump, should it be needed,” she adds. 

Roger illustrates the point with a recent anecdote. He says, “A mare foaled the night before last, and the foal was coming backwards. So there was Mum, Dad, Henry, myself, my wife, and the night girl, and the vet. We were all there. We got it out, but we were all involved.”

His mother continues, “It's all about a team, it's not just one person. It's a team effort and we try and weave our way through.”

Henry, widely known as 'the quiet one' but very much worth listening to, temporarily escaped that team. Depending on which of his parents you listen to, he did and didn't enjoy his seven-year stint in the world of banking and insolvency. 

“He didn't like it one bit,” says Tony, while Anne counters, “It was interesting,” and Roger chimes in with, “He keeps an eye on us now.”

Henry himself says, “Ah, sure, I didn't mind it either.” But it is easy to see that he is happy to be back among the fold. 

The team ethos referenced by Anne starts with the matings.

“There'd be a debate at the stocks for about 10 seconds,” Roger says.

Instinct, it would seem, rules over scholarly research, but then information gleaned from decades of working hands-on with the stock leads to its own special brand of knowledge; the kind which can't be read in books.

“We try and match what we think would be right,” notes Tony. “But we wouldn't spend two days discussing it now.”

Anne, as intuitive as any member of the team, adds, “It's like when you see a horse coming out of the stable, it's your first impression really. And if it doesn't float your boat…And it's the same with the coverings, they make up their mind that they're going to cover it with X.”

Roger admits that from time to time disagreements can occur, but one senses they are quickly dissipated. 

His mother, in her calm way, adds, “When you still have to work together, and we're so involved, it's up to all of us to give a little bit, take a little bit.”

And Henry agrees. “Ultimately, we only want what's best and we treat every horse like it's our own, so it's only coming from a good place.”

They all admit that the horse business – from mares, to foals, yearlings, breezers, and stallions – is their sole focus. 

“It's all we do,” says Tony. 

Fortunately, they do it rather well. Last year Anne joined her brother in the ITBA Hall of Fame when she was inducted alongside her husband. It was an award widely applauded by those who do business with Tally-Ho Stud, year in, and year out.

“Well, we like breeding winners, sure, we like that,” says Tony, still looking a little embarrassed at such public recognition. 

Anne adds, “It was most unexpected. It was a good feeling, and it makes you realise that the effort you put in has been worth it. To get a proper winner, or even the award. But as I said it was most unexpected. It's nice to be acknowledged by your peers, though, isn't it?”

It is almost certainly not the last time that the name Tally-Ho Stud will be listed among award winners, especially with a burgeoning roster of young stallions to complement the older guard, along with well-stocked fields of mares. However successful Mehmas or any of those following through become though, it will be hard to topple Kodiac in the family's affections.

“He'll always be king,” says Tony. “He would be our king, anyway. We'll be forever grateful.”

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Proven Strategies: Looking a Gift Horse in the Mouth

A donation of a horse to a tax-exempt organization can be mutually beneficial. The donor could potentially obtain an income tax deduction, and the organization receives a worthwhile asset. The horse itself also appreciates greener pastures.

This article summarizes the guidelines for horse owners contemplating such a charitable contribution.
Recipient
Be sure that the donee organization qualifies as an eligible charity under the Internal Revenue Code and that your horse will be used by the organization to further its exempt purpose. You can ask to see the “IRS Determination Letter” or look online for the listing of approved charities.

 

Determining Fair Market Value (FMV)
What is the price your horse could be donated for on the date of your charitable gift? You may want to consider the services of a professional equine appraiser.

FMV will be a function of several variables, including the horse's age, the number of years owned, how the horse has been trained and used, as well as the horse's personality and track record.

The appraisal should include a description of the horse, the dates of the appraisal and donation, the appraiser's name and qualifications, and the appraisal method used.

 

Potential Income Tax Deduction
Generally, you may deduct the FMV of the horse you are donating, though many caveats apply. The full FMV deduction is available when:

–The horse will be used by the donee charitable organization directly in regard to its stated charitable purpose.

–There is no financial consideration received in return.

–You have used the horse in business activities for the prior 24 months.

 

Limitations on the Income Tax Charitable Contribution Deduction
If the horse is not used in connection with the charity's purpose, the income tax deduction becomes the lesser of the FMV of the horse or the amount of your cost basis. A horse that you bred yourself or one that is fully depreciated would not give rise to any deduction in such a case.

This same limitation of the lesser of FMV or cost basis also applies to a horse that has been owned for less than 24 months.

Another situation of a reduced deduction arises when a donated horse that has appreciated in value but has been depreciated. In this scenario, the amount of the charitable deduction is reduced by the amount of depreciation that has been taken.

Further, if you donate a horse that has diminished in value, i.e. your cost basis is higher than the FMV, your charitable deduction would be limited to the FMV.

In such a case, you may be better off selling the horse to generate a tax loss, then donating the proceeds to the charity.

 

How to Report Your Donation on Your Tax Return
When your charitable deduction is more than $500, you will need to include Form 8283 with your tax return. This form asks for how and when you acquired the horse, your basis, the estimated FMV, and the method used to come up with the FMV.

If the charitable deduction to be taken is greater than $5,000, you will need to have your horse appraised at the time of the donation. This attached written appraisal needs to be contemporaneous and signed by the appraiser, along with the appraiser's qualifications and method(s) used to determine the valuation.

 

The Green Group
Our team here at the Green Group, with our many decades of equine experience, would be glad to walk you through the steps to make sure that you achieve the maximum charitable contribution deduction that you deserve.

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Equibase Analysis: Rocket Can Plenty Good Enough To Bring Home Holy Bull

This Saturday's Grade 3, $250,000 Holy Bull Stakes is the first of three significant stakes races for newly turned 3-year-olds at Gulfstream Park, the other two being the Fountain of Youth Stakes and the Florida Derby.

Eight entered and although none have yet won a stakes race, one has come close as Legacy Isle crossed the wire first in the Mucho Macho Man Stakes on New Years' Day only to be disqualified to second for interference. Lord Miles closed fast late for third in the same race and hopes to improve, while Mr. Bob and Il Miracolo, who finished sixth and seventh, respectively, are trying to prove they belong in the top races for three year olds this winter.

Cyclone Mischief won powerfully by nearly six lengths last month over the track at a shorter distance, having finished seventh in the G2 Kentucky Jockey Club Stakes prior to that, and hopes to repeat that recent impressive effort. Rocket Can won an allowance race at the distance of the Holy Bull near the end of October before a runner-up finish in November and hopes to pick up where he left off last fall. Shadow Dragon and West Coast Cowboy both won their debuts in September but their subsequent and only starts since last fall resulted in poor efforts.

Main Win Contenders:

Rocket Can returns to the races after a bit over two months off, tied with Cyclone Mischief as having the most experience of any horse in the field around two turns as both have run the distance of 1 1/16 miles twice. However, whereas Cyclone Mischief has a win and a seventh place finish, with his most recent effort at a mile around one turn, Rocket Can could easily run well enough to win by repeating either of those previous two-turn efforts. The first was a win on Oct. 30 by two lengths and in a field of 10. He earned a then career-best 89 ™ Equibase® Speed Figure for that effort, which except for the 101 figure Cyclone Mischief earned in his one-turn mile win last month, is the fastest race by any horse in the field. Then it gets better as Rocket Man earned a 97 figure in a strong allowance field of nine 2-year-olds on Nov. 26, missing by a half-length and gamely holding second by a neck. Now he returns as a more mature 3-year-old and has four workouts in Florida this month as well as Junior Alvarado in the saddle. Mott and Alvarado teamed up for two wins last Saturday including aboard Art Collector in the Pegasus World Cup Invitational. Interestingly enough Art Collector won that race after being off since Oct. 1, and since Rocket Man returns from a layoff since Nov. 26 there is no concern about his firing with a big race good enough to win this year's Holy Bull Stakes.

Legacy Isle would be undefeated in three races if not for being disqualified out of winning the Mucho Macho Man Stakes last month and placed second. He has improved in each start, beginning with a wire-to-wire sprint win in September with a 70 ™ figure, and then improving to an 80 figure in late November before an 82 figure effort last month. Although the win last month was earned leading from start to finish as in his debut, Legacy Isle proved versatile when relaxing in fifth before rallying to win in his second career start. Getting the services of red hot jockey Luis Saez, who has won 25 percent of the races he's ridden in over the last 30 days, the son of 2011 Preakness Stakes winner Shackleford has a decent shot to make his mark in the 3-year-old division just by continuing his pattern of improving efforts and figures.

Lord Miles is the most lightly raced of the top trio of contenders in this field, but he may have the talent to leap frog them in terms of his efforts and figures to win. After a powerful nearly six-length win in a six furlong sprint debut in November (with an 81 figure), Lord Miles stepped up in class right into the stakes ranks and stretched out to a mile for the Mucho Macho Man last month. He lagged back in eighth in the field of 11 in the early stages then began a rally from sixth on the turn and into the stretch before putting in a visually impressive late surge to end up third, beaten just a neck for second. Although the 80 figure earned wasn't an improvement off his debut, Lord Miles did step up in class nicely and was competitive. Now he gets the ground saving rail as well as a change in jockey to Irad Ortiz, Jr. and blinkers go on for the first time. Altogether, these changes can help him run even better, along with his breeding as he's by Curlin so he should really appreciate the added distance. As such, Lord Miles can't be ruled out as a top contender to win this race.

The rest of the field, all who have the ability to compete effectively in this race, with their best ™ Equibase Speed Figures, is Cyclone Mischief (101), Il Miracolo (81), Mr Bob (81), Shadow Dragon (70) and West Coast Cowboy (72). Note that the 101 figure earned by Cyclone Mischief came after the addition of Lasix, which he will not be using in the Holy Bull, and the figures earned by Mr Bob and Shadow Dragon came from sprints at six to six and one-half furlongs.

Win Contenders:
Rocket Can
Legacy Isle
Lord Miles

Holy Bull Stakes – Grade 3
Race 12 at Gulfstream Park
Saturday, February 4 – Post Time 5:43 PM E.T.
One and One Sixteenth Miles
Three Year Olds
Purse: $250,000

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Delta Downs Set To Host $1 Million Louisiana Premier Night This Saturday

Delta Downs is getting set for the richest race day of the season on Saturday when Louisiana's most talented racehorses will vie for nearly $1 million in total purse money on Louisiana Premier Night. The annual event features 10 stakes races on a 12-race program that kicks off at 4:50 pm. This will be the 20th renewal of Louisiana Premier Night.

In addition to thrilling action on the racetrack, fans will also be treated to a Louisiana Thoroughbred Breeders Association Last Fan Standing Handicapping Contest with cash prizes awarded to the top five finishers; a special drawing for two (2) $1,000 Louisiana college scholarships, also sponsored by the LTBA; and an appearance by expert handicapper and national horse racing personality Martha Claussen, who will co-host the simulcast show along with track announcer Don Stevens.

The feature race on Saturday will be the $150,000 Louisiana Premier Night Championship for older horses competing at 1-1/16 miles, which will be the 11th race on the card. This year's headliner attracted a field of nine headed by Set-Hut, LLC's Touchuponastar (3-1 morning line favorite), who will be ridden by jockey Tim Thornton. The Jeff Delhomme trainee enters the event on a three-race winning streak and most recently defeated four other Championship runners in the Louisiana Classic at Fair Grounds on Champions Day, Dec. 10.

The LAPN Championship field also includes top earner Who Took The Money (7-2), who won the $100,000 Gold Cup at Delta Downs earlier this season; Highland Creek (6-1), who won the Boyd Rewards Stakes at Delta Downs on December 30; Behemah Star (9-2), who finished second to Touchuponastar in the Louisiana Classic; and defending race champion Langs Day (6-1).

The overwhelming morning line favorite on the entire program is Brittlyn Stable's 5-year-old mare Ova Charged, who will go postward in the $100,000 Louisiana Premier Night Matron at five furlongs. Installed at odds of 3-5 in the program, Ova Charged is a graded stakes placed runner who enters the night on a five-race winning streak, the last four of which were in stakes company. Jockey Jose Luis Rodriguez will get a leg up on the mare from trainer Jose Camejo.

The top earner on the entire program Saturday will try to win her second consecutive Louisiana Premier Night race when Free Like a Girl goes to the post in the $125,000 Distaff. The Chasey Deville Pomier trainee won last year's Starlet as a 3-year-old and has been graded stakes placed multiple times since that effort. Overall, the 4-year-old daughter of El Deal has banked $754,878 on 10 wins from 22 starts. Jockey Pedro Cotto, Jr. will pilot Free Like a Girl, who is the 5-2 morning line favorite for the race.

In addition to the many local horsemen taking part in Louisiana Premier Night, there will also be nationally prominent trainers who will saddle horses on the program. They include Brad Cox, Karl Broberg, W. Bret Calhoun and many others.

Listed below are all 10 Louisiana Premier Night stakes races for 2023 in program order:

Race #             Purse              Stakes                                                 Distance          Age

3                      $60,000           LAPN Ladies Starter                          1 mile              4yo & up FM

4                      $50,000           LAPN Bon Temps Starter                  5 furlongs        4yo & up FM

5                      $60,000           LAPN Gentlemen Starter                   1-1/16 miles    4yo & up

6                      $100,000         LAPN Prince                                       1 mile              3yo

7                      $125,000         LAPN Distaff                                     1 mile              4yo & up FM

8                      $100,000         LAPN Matron                                     5 furlongs        4yo & up FM

9                      $100,000         LAPN Starlet                                      1 mile              3yo Fillies

10                    $100,000         LAPN Sprint                                       5 furlongs        4yo & up

11                    $150,000         LAPN Championship                          1-1/16 miles    4yo & up

12                    $50,000           LAPN Ragin Cajun Starter                 5 furlongs        4yo & up

For more information about Louisiana Premier Night and the remainder of Delta Downs' season, which runs through February 25, visit the track's website at www.deltadownsracing.com. Fans can also follow the track on Facebook and Twitter.

Delta Downs Racetrack Casino & Hotel, a property of Boyd Gaming Corporation (NYSE;BYD), features exciting casino action, live horse racing and fun dining experiences. Delta Downs is located in Vinton, Louisiana on Delta Downs Drive. From Lake Charles take exit 7 off Interstate 10, and from Texas take exit 4.

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