Virtual Owner Conference Begins Tuesday

The seventh Thoroughbred Owner Conference will kick off Tuesday, Mar. 2, at 2 p.m. ET as the first of a series of 10 panels, each to be held virtually, on the first Tuesday of each month for the remainder of the year.

The first panel, “The Economics of Racehorse Ownership,” is sponsored by Keeneland and will delve into accounting, tax, legal, and insurance considerations associated with racehorse ownership. It will also include information on the costs of ownership, the fundamentals of running a racing stable, and owner responsibility for aftercare.

Moderated by horse racing television analyst Caton Bredar, the panel will consist of owners George Bolton and Maggi Moss; Sarah Reeves, attorney and member, Stoll Keenon Ogden; and Jen Shah, tax director, Dean Dorton.

“With more than 650 guests already registered for the virtual Thoroughbred Owner Conference series, we are excited to kick it off with an expert group of panelists that will provide invaluable information for new and veteran owners alike,” said Gary Falter, project manager for OwnerView. “While we will be posting replays of every session, we encourage those interested in the series to register in advance to get the best experience and to be able to ask questions in real time that will be addressed at the end of each panel.”

There is no fee to register for either the live or recorded sessions, but registration remains open and is required. The 2021 conference series is hosted by The Jockey Club and the Thoroughbred Owners and Breeders Association and presented by Bessemer Trust, Dean Dorton Equine, Stoll Keenon Ogden, and Stonestreet Farm.

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Thoroughbred Owner Conference’s Virtual Series Kicks Off March 2

Registrations are still being accepted for the seventh Thoroughbred Owner Conference, which kicks off Tuesday, March 2, at 2 p.m. ET as the first of a series of 10 virtual panels that will be held on the first Tuesday of every month for the duration of the year. The 2021 conference series is hosted by The Jockey Club and the Thoroughbred Owners and Breeders Association and presented by Bessemer Trust, Dean Dorton Equine, Stoll Keenon Ogden, and Stonestreet Farm.

The first panel, “The Economics of Racehorse Ownership,” is sponsored by Keeneland and will delve into accounting, tax, legal, and insurance considerations associated with racehorse ownership. It will also include information on the costs of ownership, the fundamentals of running a racing stable, and owner responsibility for aftercare.

Moderated by horse racing television analyst Caton Bredar, the panel will consist of owners George Bolton and Maggi Moss; Sarah Reeves, attorney and member, Stoll Keenon Ogden; and Jen Shah, tax director, Dean Dorton.

“With more than 650 guests already registered for the virtual Thoroughbred Owner Conference series, we are excited to kick it off with an expert group of panelists that will provide invaluable information for new and veteran owners alike,” said Gary Falter, project manager for OwnerView. “While we will be posting replays of every session, we encourage those interested in the series to register in advance to get the best experience and to be able to ask questions in real time that will be addressed at the end of each panel.”

There is no registration fee for the live or recorded virtual conference series, but registration is required. For more information about the owner conference series, including the full schedule of panels and registration, please visit ownerview.com/event/conference or contact Gary Falter at gfalter@jockeyclub.com.

OwnerView is a joint effort spearheaded by The Jockey Club and the Thoroughbred Owners and Breeders Association to encourage ownership of Thoroughbreds and provide accurate information on aspects of ownership such as trainers, public racing syndicates, the process of purchasing and owning a Thoroughbred, racehorse retirement, and owner licensing.

The need for a central resource to encourage Thoroughbred ownership was identified in the comprehensive economic study of the sport that was commissioned by The Jockey Club and conducted by McKinsey & Company in 2011. The OwnerView site was launched in May 2012.

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Chocolate Ride’s Retirement Was A Team Effort From Connections Who Never Forgot Him

February 2015 seems like an impossibly long time ago. In the year of COVID-19, which feels to most of us like it has lasted at least a decade somehow, it's hard to recall the sunny days of racing five years ago. It's also hard to grasp, in a Breeders' Cup year dominated by trainer Brad Cox and featuring regular rider Florent Geroux, that just five years ago neither of them were the household names they are now. But Cox, Geroux, and a group of others remember very clearly a determined bay gelding who helped put them all on the map that year, and they recently came together to pay him back.

In late 2014, Chocolate Ride was a horse with some promise but struggling to find his level. He had broken his maiden over the summer as a 3-year-old for trainer Mark Casse and owner John Oxley, and after not quite making the grade in several Kentucky allowance contests, Casse dropped him into a claiming race at Churchill Downs, where Cox snapped him up for $40,000.

Cox had won his first graded stakes, the Grade 3 Cornhusker with Carve, in 2014 and still did most of his work on the claiming circuit in Kentucky. Geroux's star had just begun to rise, as he got his first G1 victory with Work All Week in the Breeders' Cup Sprint.

Chocolate Ride began turning his resume around once he entered Cox's bar, rising through the allowance ranks at Fair Grounds and taking the G3 Fair Grounds Handicap, then the G2 Mervin Muniz, and even making a bid in the G1 Woodford Reserve Turf Classic (which was less successful – he finished eighth). He followed that up with a 2016 season of wins in the G3 Col. E.R. Bradley and a reprise of the Fair Grounds Handicap.

The gelding by Candy Ride wasn't the most successful runner for either man that year, but he was a memorable one.

“He was kind of a favorite of Flo's and ours because he's such a hard-trying horse,” said racing analyst Caton Bredar, whose husband Doug is Geroux's agent. “He was kind of an overachiever in that I don't know if you ever expected him to get as good as he did, but he won graded stakes races and was so consistent for so long.”

The same was true for owner John Wentworth and his partners in GenStar Thoroughbreds.

As horses often do, Chocolate Ride maintained his game spirit at the graded stakes level for several seasons, but gradually began to lose some of his prowess, descending to the allowance optional claiming level and moving to the Mid-Atlantic circuit with Brittany Russell. After a long layoff between fall 2019 and summer of this year, he resurfaced in the entries and just so happened to catch Bredar's eye.

“Since the pandemic we at TVG have been working different shifts,” said Bredar. “All of a sudden, in I guess it would be October, I was working a weird shift that I never work and I saw he was entered in a $12,500 claimer in Penn National. He had been claimed from the people who'd had him before, and I didn't know that. I didn't know anything about it.

“When I saw he was in for $12,500 I said in passing to Doug, 'Oh I hate this. Wouldn't it be great if we could claim him?' But we're not in the business of owning horses … it's a bit of a conflict of interest.”

Doug Bredar and Chocolate Ride reunite at Old Friends. Photo courtesy Caton Bredar

Doug thought it over and decided this horse had to be the exception to the rule. He called Cox, who reached out to the horse's former owners. Doug spoke with Geroux, and everyone agreed to pool funds and get their hard-trying friend back.

By all accounts, the gelding wasn't in danger – Bredar reached out to trainer Anthony Stabile, who claimed the horse in July for Scaronias Stable, and it seemed he was sound and happy being a racehorse. The owners had transferred the horse to Bruce Kravets and were receptive to the Bredars' interest, but said they wanted to run him once more.

“He wasn't in bad form, he'd been running in good form,” she said. “They really wanted to get him back on the grass, which is why they wanted to run him one more time.”

Fair enough, the Bredars thought. They decided to claim the gelding, which seemed a fair way to get the owners their race and their tag price while securing the horse's future. With everyone on board an agreeing to split expenses evenly, the challenge became logistics. Bredar's first thought was to call Old Friends in Georgetown, Ky., which sponsored a stakes race Chocolate Ride had contested back in 2017. Thanks to the recent opening of its satellite facility at a nearby senior living center, Old Friends founder Michael Blowen had a rare spot open at the main property. Brook Ledge agreed to haul the horse from Pennsylvania, where he was now based, to Kentucky for a discounted fee. Then the challenge became paying for the horse.

“It's all good in theory and it all makes sense, but it's just not as easy in practice to make it happen,” said Bredar, who thought at first she just needed to find someone with a Pennsylvania license and wire the money to the racing office. “Turns out even in the era of COVID, most racing jurisdictions don't allow you to wire money to the horsemen's bookkeeper. Basically, the morning of the race Doug was saying, 'I don't think it's going to happen. I've called everyone I can think of.'”

Not only could Bredar not wire money to the racing office at Penn National, she learned the horse would have to be claimed by a trainer and an owner who had previously started horses at the track, rather than just anyone with a license in Pennsylvania. A call to the Pennsylvania HBPA produced a few leads of trainers who may be willing to help, but then the quest was to find an owner. Trainer Bernie Houghton agreed to drop the claim and eventually word got around that the group was looking for an owner. Don Brown Jr. agreed to be the owner on the claim slip and in the last hours before Chocolate Ride's entry in a claiming race on Oct. 9, everything came together. Bredar wired the money to Brown, and watched the post parade with bated breath.

“We just crossed our fingers that the horse would run well, but also that no one else would put a claim in for him,” she said. “You were as nervous as you would be if it were a big race or if Flo was riding.

Chocolate Ride didn't go out a winner, but he did finish second – a respectable close to a career that had brought so much to the people around him, but also a sign that even with maximum effort, a win was beyond him now.

“Once he got back to the barn and we heard that he'd cooled out ok, Doug said, 'I think this is the most rewarding thing I've ever done.' When we went to Old Friends and I watched him, and we were texting Brad pictures, everybody was so excited that this happened. It meant so much to everybody. It took me a little bit surprised how much it touched us that this happened.”

Blowen tells Bredar Chocolate Ride is settling in at Old Friends faster than any horse before him. Bredar said if the gelding decides the retired life isn't for him, she will seek out a more active second career for him. For now, the group is happy to know he's living the good life.

“He looks beautiful,” she said. “Everybody along the way has really taken very good care of him. I know he could have been useful on the track, and that's also kind of a hard sell to some people, and I understand why. But for a horse that had been so good to us, it just seemed like this is what he deserved, to go home.”

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‘Better Lucky Than Good’ Wins Dr. Tony Ryan Book Award

For the first time in its 14 -year history, the Dr. Tony Ryan Book Award has gone to a multi-collaborative effort, as opposed to one written by a single author, or two working in tandem. The 2019 winner is “Better Lucky Than Good: Tall Tales and Straight Talk from the Backside of the Track,” published through the Louisville Story Program and edited by Joe Manning. In this work, a diverse cross section of Churchill Downs denizens—including exercise riders, grooms, assistant trainers, hotwalkers, outriders, security guards, silks makers, outriders, and touts—penned their personal and very different takes on racing as they have experienced it. Altogether, this is the ultimate insider's view of a sport that has captured the imaginations of multitudes down through the centuries.

Other finalists were: “Justify: 111 Days to Triple Crown Glory,” by Lenny Shulman (Triumph Books) and “The Triumph of Henry Cecil: The Authorised Biography,” by Tony Rushmer (Little Brown Book Group).

“'Better Lucky Than Good' is a true insider's look at a historic racetrack that goes well beyond the barns to encompass stories of little-heralded employees, neighbors outside the gates and the ancillary business owners who also are so important to the sport of racing,” said Book Award judge Kay Coyte. “All the stories are recorded, guided and edited with great respect and affection by the Louisville Story Program team.”

The top three were selected from an eclectic and exceptionally strong group of 15 entries, all published during the 2019 calendar year. As always, a $10,000 first prize was awarded along with $1,000 to each of the two finalists, with all three receiving Tipperary crystal trophies in the form of Castleton Lyons' iconic stone tower.

A panel of three literary and racing industry judges, headed by Coyte, a former editor at the Washington Post, worked together in determining this year's results. Coyte was joined by award-winning TVG broadcaster Caton Bredar, and noted Kentucky poet Jayne Moore Waldrop, who this month published “Drowned Town,” a short stories collection about the people who lived in the Land Between the Lakes.

Also, for the first time, the Book Award was not bestowed in person due to coronavirus precautions. The award timeline would normally have concluded last spring with a ceremony in the historic stallion barn at the Ryan family's Castleton Lyons, near Lexington, Kentucky. But there was nothing normal about 2020, which will go in the books as the Year of the Great Pandemic. From necessity, the process was altered, the schedule pushed back, and ultimately, the traditional winner's reception was scrapped in favor of an online video conference call announcement on November 20.

The “Better Lucky Than Good” cover photo of groom Paul Goffner leading the 1981 Derby Trial winner with the colt's name What It Is printed on his red T-shirt turned out to be the perfect image for this disrupted year, Coyte said. “We've all had to adjust to What Is.”

The award was founded in 2006 by philanthropist and noted global businessman Dr. Tony Ryan, to recognize the best book-length writing with a horse racing backdrop. Since his 2007 passing the competition has been continued by Dr. Ryan's son and current president of Castleton Lyons, Shane Ryan. Past honorees have included a recipient of the prestigious National Book Award and several Eclipse Award-winning authors.

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