The Back Ring: Whose Stock Is Rising In The Stallion Ranks?

CLICK HERE TO READ THIS ISSUE OF THE BACK RING

The latest issue of The Back Ring is now online, ahead of the Fasig-Tipton November Sale.

The Back Ring is the Paulick Report's bloodstock newsletter, released ahead of, and during, 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 this issue…

CLICK HERE TO READ THIS ISSUE OF THE BACK RING

Lead Feature Presented By Gainesway: Bloodstock editor Joe Nevills examines which North American stallions saw the biggest year-to-year gains in mares bred from 2021 to 2022.

Ask Your Veterinarian Presented By Kentucky Performance Products: Dr. Larry Bramlage of Rood and Riddle Equine Hospital explains how the use of bisphosphonates on young racehorses can lead to long-term issues, and where the industry is on regulating use of the drug over the past decade.

The Stat Presented By Mishriff: A rundown on how many mares were bred in 2022 by every North American stallion that ever ran in a Kentucky Derby, per The Jockey Club's Report of Mares Bred.

Ask Your Insurer Presented By Kiger Insurance: Kige Kiger of Kiger Insurance explains “Fall of the Hammer” insurance, its function, and how a buyer headed to the auction can acquire it.

Pennsylvania Leaderboard Presented By Pennsylvania Horse Breeders Association: It doesn't take a stakes-level horse to bring in serious incentive money in the Pennsylvania racing and breeding program. We track Miss Dillingham's under-the-radar campaign to bring serious money to her connections.

First-Crop Sire Watch: Stallions whose first crops of weanlings are represented in the Fasig-Tipton November Sale, with the farm they are currently advertised and the number of horses they have in the catalog.

CLICK HERE TO READ THIS ISSUE OF THE BACK RING

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Kentucky Oaks Winner Secret Oath Withdrawn From Fasig-Tipton November Sale

Kentucky Oaks winner Secret Oath was withdrawn from the Fasig-Tipton November Sale this morning, as owners Robert and Stacy Mitchell of Brilland Farm have opted to campaign her again in 2023.

She was cataloged as Hip 231 with Bluewater Sales, agent.

“We watched her run in the Breeders' Cup, and following the race, we decided that we would like to see her back in the winner's circle again before she enters the sales ring,” Stacy Mitchell said.

Secret Oath, a 3-year-old daughter of Arrogate, finished fifth on Saturday in the Breeders' Cup Distaff at Keeneland.

Trained by D. Wayne Lukas, Secret Oath has won five of 13 starts for earnings of $1,768,417. She started the year with victories in the listed Martha Washington Stakes and Grade 3 Honeybee Stakes at Oaklawn Park before finishing third agains colts in the G1 Arkansas Derby.

Secret Oath took over in the stretch of the Kentucky Oaks to win by two lengths over division rival Nest. She then tested the boys once again in the Preakness Stakes, finishing fourth behind Early Voting. Her summer campaign saw her post in-the-money efforts in the G1 Coaching Club American Oaks, Alabama Stakes, and Cotillion Stakes prior to her Breeders' Cup start at Keeneland.

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‘Call For Offers’ Likely To Be Announced For Adena Springs Property

Twelve months after publicly announcing the property was for sale during the 2021 Fasig-Tipton Night of the Stars event, and five months after the June 2022 announcement of the $55-million price tag for the famed Kentucky Thoroughbred breeding farm Adena Springs, the Icon Global Group, confirmed a “call for offers” is likely coming soon.

Following is an open letter from Icon Global Group:

We have made significant progress within our stated process. The interest, activity, and expressions of interest to date have been consistent since the June price announcement with an uptick in qualified activity. Correspondingly, it seems that the prices, numbers, and activities are up nationally for horse sales, while the Thoroughbred racing industry globally continues to be energized. The sector in 2022 is enjoying an extremely robust market environment. It seems Winston Churchill was right when he said “the outside of a horse is good for the inside of a man” as the racing and equestrianism marketplace seemingly disregard and defy the drumbeat of various economic forecasts and geo-political events- instead, turning inward for the calm of horse ownership.

“The 2022 results of Fasig-Tipton, Keenland, Tattersalls, etc. via sales venues and events everywhere are up, and seemingly, records have been set across the board.” said Icon Global CEO, Bernard Uechtritz.

Accordingly, there is movement in the associated real estate markets. Frankly, as with our core high-end business of big ranches and other special assets, trading in similar projects within price levels such as Adena Springs remains strong. For example, locally, the recent announcement and simultaneous pending sale of Woodford County's Pin Oak Stud by the Justice realty firm in Lexington as well as other significant listing momentum within private, off-market activities in various racing pockets locally, nationally, and globally are in line with the Adena Springs value proposition. There is always smart money for great real estate anywhere – in any market, regardless of where conventional indicators and talking heads may point.

Representatives together with local and international brokers, farm management, and others will be on-site and in Lexington, Ky., all this week during the Breeders Cup as well as the subsequent Fasig-Tipton and Keeneland sales venues events to follow.

As we continue to navigate and discern existing expressions of interest in the property, we will potentially make an official tender date decision known sometime after the fall Breeders Cup and sales events.

There has been a line out the door since day one for those who would like to own, lease, or operate parts of the farm, and there have been some interesting propositions inside and outside of racing to evaluate. Some of these provide great revenue options for new ownership – however, at this stage, we are focused on single-buyer prospects in the form of potential next-new industry blood or existing stewards within racing and equestrianism for the sale of the property in a single transaction.

The farm naturally divides in half or even other large parts for various types of operations and other development; however, unless really pressed on this within the offers process, we plan to leave those options, decisions, and add value opportunities for a new owner.

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Malibu Max Retired To Stand At WorkWize Stables In Alberta

Malibu Max, a multiple stakes-placed son of Malibu Moon, has been retired to enter stud at WorkWize Stables in Acme, Alberta.

The 9-year-old finished second in his last race at Fort Erie on Sept. 6 2022, retiring sound.

Malibu Max won 11 of 53 career starts, and was twice third in the Dark Star Stakes at Canterbury Park. A winner of over $440,000 from six furlongs to 1 1/16 miles on dirt, Malibu Max was brought to WorkWize Stables' attention by their trainer/bloodstock agent Cory Rumsey. He arrived at the farm in October

He is out of the graded stakes-placed Pleasantly Perfect mare Mindy Sue.

WorkWize Stables also stands Tour de Force (Tiznow x Dream Supreme), whose first foals arrived in 2022. The farm has also brought in a number of mares, including daughters of American Pharaoh, Kitten's Joy, Graeme Hall, Majesticperfection, and a granddaughter of Into Mischief.

Malibu Max will stand his first season in 2023 for $1,250 Canadian (LFSN).

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