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PR Back Ring Fasig-Tipton Gulfstream Sale: Remembering Sheikh Hamdan’s Seven-Figure Star, Dayjur

CLICK HERE TO READ THE FASIG-TIPTON GULFSTREAM EDITION OF THE PR BACK RING

The inaugural edition of the PR Back Ring is now online, ahead of the Fasig-Tipton Gulfstream Sale of Selected 2-Year-Olds In Training.

The PR Back Ring is the Paulick Report's new bloodstock newsletter, released ahead of every major North American Thoroughbred auction. Seeking to expand beyond the usual pdf presentation, the Back Ring offers a dynamic experience for bloodstock content, heavy on visual elements and statistics to appeal to readers on all platforms, especially mobile devices.

Here is what's inside the debut issue…

CLICK HERE TO READ THE FASIG-TIPTON GULFSTREAM EDITION OF THE PR BACK RING

Remembering Dayjur, a watershed horse for Shadwell Farm and Taylor Made Sales Agency
Stallion Spotlight presented by Kentucky Research: Spendthrift Farm's Mark Toothaker on Gormley
Honor Roll presented by Breeze Up Consignors Association: War of Will's path from Europe to the Preakness
The Stat presented by Kirkwood Stables: Leading third-crop sires of 2020 by average progeny earnings (without their top earner)
Lesson Horses presented by Texas Thoroughbred Association: Bob Feld on Lucky Baldwin
Ask Your Veterinarian presented by Kentucky Performance Products: How do crushed heels happen?
On their own time: Kirkwood Stables' Gulfstream Gallop program continues to grow
Ask Your Insurer presented by Muirfield Insurance: Considerations for your new 2-year-old
Pennsylvania Leaderboard presented by Pennsylvania Horse Breeders Association: Wait For It tops 2020 incentive earners
First-Crop Sire Watch: First juveniles of Fasig-Tipton Gulfstream sale

CLICK HERE TO READ THE FASIG-TIPTON GULFSTREAM EDITION OF THE PR BACK RING

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American Graded Stakes Standings Presented By Muirfield Insurance: Godolphin Sets The Pace Among Breeders

Following a season where the Godolphin operation took home the Eclipse Award as outstanding owner, the blue team has set a blistering pace on its quest to collect its second trophy as outstanding breeder.

Godolphin leads all breeders with five North American graded stakes winners through March 9, all homebreds, with the most recent addition Micheline, who took the Grade 2 Hillsborough Stakes at Tampa Bay Downs on March 6.

It was the seasonal debut for the 4-year-old Bernardini filly, and her first career graded stakes win after several close calls in previous campaigns. She is out of the multiple Grade 1-winning Include mare Panty Raid.

Champion Essential Quality, made his seasonal debut a winning one with a powerful drive down the sloppy Oaklawn Park stretch to win the Grade 3 Southwest Stakes by 4 1/4 lengths on Feb. 27. He is a son of Tapit, out of the Grade 3-placed Elusive Quality mare Delightful Quality.

Godolphin has a strong pair of 4-year-old colts at the top of the older male division, in Maxfield and Mystic Guide.

Maxfield, a son of Street Sense, shined in his first start of the season with a four-wide rally on Feb. 13 to win the G3 Mineshaft Stakes at the Fair Grounds.

He is out of the winning Bernardini mare Velvety, who raced as a Godolphin homebred in England.

Mystic Guide added his name to the fold with a dominant performance in the G3 Razorback Handicap at Oaklawn Park on Feb. 27, drawing off to win by six lengths over a sloppy sealed track.

Mystic Guide is also out of a mare that competed under the Godolphin colors in Music Note, a daughter of A.P. Indy who picked up five Grade 1 wins over the course of her career.

Rounding out the group was Antoinette, a 4-year-old daughter of Hard Spun who also won her seasonal bow with an effortless front-running triumph in the G3 The Very One Stakes, also on Feb. 27.

Another multi-generational member of the Godolphin breeding program, Antoinette is out of the Godolphin-homebred Elusive Quality mare Shuruq, who was a group stakes winner in the UAE and Turkey.

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PR Special Keeneland January: Forecasting The 2021 Bloodstock Market

CLICK HERE TO READ THIS EDITION OF THE PR SPECIAL

It's a new year, and the PR Special is back with the reading material you need in advance of the Keeneland January Horses of All Ages Sale.

Today's issue offers exclusive, in-depth bloodstock content not yet seen on the rest of the website in a pdf format that's easy to read and print. Here's what's inside:

Front Page: Bloodstock Editor Joe Nevills makes his “Five Fearless Predictions” about the bloodstock market in 2021, ranging from which stallions' stocks are on the rise to how the global economy will affect the Thoroughbred economy.
Stallion Spotlight: Lane's End resident City of Light's first yearlings at Keeneland January.
Ask Your Insurer: Bryce Burton of Muirfield Insurance compares insuring veteran broodmares versus broodmare prospects.
First-Crop Sire Watch: First yearlings of Keeneland January.

CLICK HERE TO READ THIS EDITION OF THE PR SPECIAL

Thanks, as always, to the advertisers in today's edition of the PR Special. Your support is crucial to the functioning our our publication.

CLICK HERE TO READ THIS EDITION OF THE PR SPECIAL

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Ask Your Insurer Presented By Muirfield Insurance: Equine Loans And Your Insurance Plan

Equine insurance experts answer your questions about insuring Thoroughbreds for the breeding and auction realms.

Email us at info@paulickreport. com if you have a question for an insurer.

QUESTION: What role does my insurance plan play when applying for an equine loan?

BRYCE BURTON: Business owners within the Thoroughbred industry, similarly to other business ventures, have the option to apply for outside funding in order to assist with the acquisition of high valued purchases. Just as a new business owner may secure a loan for the purchase of a new home, piece of land, of horse farm, the same option is available for the purchase of livestock, including Thoroughbreds.

When purchasing Thoroughbreds, the simple rule of thumb is that financing is available on breeding stock, but not racehorses. Mares, foals, and yearlings can all be used as collateral for an equine loan. As you'd expect, the lender requires that the applicant carry a certain amount of Full Mortality Insurance coverage throughout the life of the loan, so that in the event that something catastrophic happens to the equine asset, which in this case also serves as the collateral, the lender will be paid back in full.

The general rule of thumb when securing an equine loan is that the lender will provide a note up to the amount of 50 percent of the purchase price, making the borrower responsible for paying for the other 50 percent of the purchase.

As an example, if a new owner purchases a mare in the amount of $100,000 at public auction, they have the option to acquire outside funds through a lender up to the amount of $50,000 and would be responsible for the other $50,000. The lender would then require that the borrower place mortality coverage for the amount of the loan, which in this case is $50,000. It should be noted that the insured has the option to insure 100 percent of the purchase if desired. However, in most instances, the bank will only require the insured shows coverage for the amount of the loan. The lender is listed as a Loss Payee on the policy so that in the event of a claim, both parties would be compensated for their respective interests.

Bryce Burton is a property and liability specialist for Muirfield Insurance. He is from Frankfort, Ky., where he grew up an avid race fan. His Thoroughbred racing fandom combined with a collegiate internship in the insurance industry, culminated in a start in the equine insurance field. Bryce has been with Muirfield Insurance since 2014, following his graduation from Transylvania University in Lexington.

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