Reinvestment Risk, a multiple Grade 1-placed runner, will enter stud for new owner William Nicks after the Indiana-based horseman purchased him for $70,000 on Wednesday at the Keeneland January Horses of All Ages Sale.
Nicks, who has purchased stallions at auction in recent years to stand himself and to re-sell to other farms, said the transaction was as impromptu as it gets. As such, he did not have immediate plans as to where the 5-year-old son of Upstart would stand for his debut season.
“I didn't even know he was in the sale,” Nicks said. “I was sitting right there, and he looked like he was worth the money. I watched him run on Derby day, and he ran well. He'll probably go to Indiana, maybe Arkansas. He's talented, and Upstart's doing good, so we'll see how he turns out.
“I come here and go by the seat of my pants,” Nicks continued. “Whatever goes through the ring and looks cheap, that's what I buy. He's a sprinter, and Indiana needs a good sprinter on the dirt. We'll do something with him.”
Reinvestment Risk won two of nine starts for owner Klaravich Stables and trainer Chad Brown, earning $414,840.
After winning on debut at Saratoga Race Course by 7 3/4 lengths, Reinvestment Risk spent the rest of the summer and fall butting heads with Jackie's Warrior, finishing second to the future champion sprinter in the Grade 1 Hopeful Stakes and Champagne Stakes.
After an abbreviated 3-year-old campaign, Reinvestment Risk returned at four to win his seasonal bow at Gulfstream Park, a 6 1/2-length optional claiming race, by three lengths. He was then runner-up in the G1 Carter Handicap and the G1 Churchill Downs Stakes in his ensuing starts, the later coming on the 2022 Kentucky Derby undercard.
Bred in Kentucky by Aschinger Bloodstock Holdings, Reinvestment Risk is out of the winning Candy Ride mare Ridingwiththedevil. His extended family includes multiple Grade 3 winner My List.
Elite Sales consigned Reinvestment Risk, as agent.
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