Q&A: Breeder Joe McMahon On Central Banker’s Successful 2021 And The New York Breeding Program

Just two live race days remain in 2021 to complete a remarkable year of racing action on the New York Racing Association, Inc. (NYRA) circuit. The NYRA Press Office checked in with a selection of New York-based racing personalities to get their reflections on a memorable year.

Joe McMahon owns McMahon of Saratoga Thoroughbreds along with his wife Anne. Raised in Saratoga Springs, McMahon has been active on the board of the New York Thoroughbred Breeders, Inc. since its inception and he now serves as an appointed Breeder Member of the New York State Thoroughbred Breeding and Development Fund Board.

McMahon of Saratoga Thoroughbreds is located on Fitch Road just five minutes away from the prestigious Saratoga Race Course and is home to Central Banker, the 2021 leading sire in New York who was also the leading first, second and third crop sires in the previous three years. The farm is also home to Teuflesberg as well as Solomini and Redesdale.

Describe the journey bringing Central Banker to prominence?

McMahon: “When the first 2-year-olds sold, a couple of them sold really well. The pinhookers in Florida just raved about how much they liked him and that they had great mental attitudes and were good looking. They trained well, liked to train and people noticed that.

“In the first year, he had about five winners at Saratoga. He had several stakes winners and that's gone on the same way every year since then.

“He's just a really nice horse. He's been an inexpensive horse to breed to. From the get-go he's shown that he's good value. He's never been over $7,500 and I think breeders recognize the value and take advantage of that. We could have probably raised the fee after the second year, but we didn't. We wanted to keep him at good value for New York breeders and keep him affordable.”

How does Central Banker stamp his offspring?

McMahon: “The conformation of his progeny are pretty much cookie cutters of himself. They're well-made horses. They have good bones, they're straight through their knees, they have good hips and hind ends. They also have a very deep girth, which is very important in a racing prospect.”

You added some new faces to the stallion roster in Solomini and Redesdale. Talk about what made them both so appealing.

McMahon: “Solomini is a horse who showed brilliance as a 2-year-old. He won the Los Alamitos Futurity in California [but was disqualified and placed third] which was a Grade 1 race, beating McKinzie who now stands for $30,000 in Kentucky. Solomini was disqualified in that race on a very questionable call. I always looked at that as an opportunity for us. Had he won a Grade 1 race, he would likely be in Kentucky. He was an extremely good horse. He was multiple Grade 1-placed and ran against top company. He was placed in two Derby preps in Arkansas and he's by Curlin. The physical of Solomini and his precocity as a 2-year-old gave me the impression that he would fit to New York really well.

“Redesdale is one of the best bred horses to retire in New York state. He's out of a full-sister to Danehill, who was absolutely regarded as one of the best stallions in the world so he's got an impeccable pedigree. He's race record was good. He won three of four starts. His last start, even though he was third, his Beyer was in the 90s. He really indicated that he could be a sire prospect in the same light as horses like Danzig, when I think of comparing horses. Danzig was very lightly raced but extremely effective in his races.

“Redesdale has a good physical and is very correct. We thought he would be a value play for us to bring him to New York and stand him for a reasonable fee. He just happens to be by Speightstown, so now we have two Speightstowns in the same stallion barn with him and Central Banker. One is a proven sire but we think Redesdale will be a very good sire. We anticipate him with coming out with runners early with a high degree of speed. We'll see what happens.”

What do you look for in acquiring a stallion prospect?

McMahon: “I'm a big believer in speed. I think horses have to have some speed to go with a lot of mares. That's not to say that horses who win the Kentucky Derby or Travers won't make good stallions, but if I look at it from the point of view of New York racing and breeding, I know that the majority of races that our stallions' offspring are going to be running in are sprint races. If I look at an Aqueduct card in the wintertime, which runs for almost six months, those races are predominately speed-oriented races. That goes into our thinking when we try to buy a stallion. We want one that fits our program, and speed is a big part of it.

“Central Banker won on the turf and won going one turn, but he's from a sprinting line himself. He's by Speightstown and his profile as a racehorse was the same. That was certainly one of the main attractions to him when we bought him. His balance and his physique told me when I looked at him that he would go with a lot of mares. Horses that are extremely well-balanced like this horse go with a lot of different types of mares. They can overcome a lot of different types of problems if they give their offspring that balance. That's what he did and that's what we hoped he would do when we bought him.”

What is so appealing about the New York program from a breeder's perspective?

McMahon: “Let's face it, this is a difficult business. It's not easy to win races on the NYRA circuit period. If you look at the New York-bred program as a safe haven like a lot of people do, you're going to invest a certain amount of money to buy a racehorse prospect or to raise one. The idea that you gain some protection through the restricted racing program certainly is a huge advantage. I think that's a big part of it – the fact you're on a circuit where you get great exposure year round to the betting population and to the horse people. That's a plus. You can win a race at other tracks for $60,000 but you can win one at Saratoga for $65,000. Which one is going to give you more attraction? You're on a stage which really helps you a whole lot with recruiting owners, and if you're a New Yorker, you focus on year round racing. It's the best program in the world without a doubt.”

This was a record year at the Fasig-Tipton New York-bred sale in Saratoga. Talk about the success you had this year in the sales consignment department.

McMahon: “It was a good year this year. We had nice yearlings on offer. The market was strong. Everything just kind of came together well. We foal about 40 to 50 foals of our own each year and so every once in a while it all comes out right and you get a good physical crop. That's what happened this year. We've been at it for a long time. We focus on mares that are runners themselves, not so much expensive graded winners, but hard-knocking mares to breed to these stallions. This was just a year where everything went right. The majority of the horses we sell are by New York stallions, so you're competing against commercial horses in Kentucky with more opportunity. They get to breed to better mares. It's really remarkable that we're able to compete against those horses and hold our own.”

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Fasig Saratoga Fall Sale Returns Monday

The Fasig-Tipton Saratoga Fall Sale of breeding stock returns Monday after a one-year hiatus due to the pandemic. A catalogue of 292 broodmares and broodmare prospects and New York-bred weanlings will be on offer at the Humphrey S. Finney Pavilion beginning at 10:00 a.m.

The 2019 renewal of the sale saw 134 horses change hands for gross receipts of $3,384,700, at an average of $25,259 and median of $15,000. A $160,000 Practical Joke colt from the RFHF Bloodstock consignment topped the sale on a winning bid from Steven Weston. A filly by the same now fast-starting sire of first runners sold for $150,000 the same day.

This year, another freshman stallion could feature prominently on the results sheet, as first foals from buzzed-about McMahon of Saratoga resident Solomini come to auction. The son of Curlin has 19 weanlings catalogued, plus another five mares in foal to him on offer.

A $270,000 KEESEP yearling, Solomini was a debut winner at Del Mar for Bob Baffert before runner-up finishes in the 2017 GI FrontRunner S. and GI Breeders' Cup Juvenile, book-ended by now in-demand Kentucky-based stallions Good Magic (Curlin) and Bolt d'Oro (Medaglia d'Oro). He crossed the wire first in the GI Cash Call Futurity the following month, only to be controversially placed third by the stewards behind stablemate McKinzie (Street Sense). Solomini was second in the GII Rebel S. and third in the GI Arkansas S. on the Triple Crown trail in 2018, and after amassing $834,993 from 16 career starts, was acquired for stud duties ahead of the 2020 season by a group led by Joe and Anne McMahon's McMahon of Saratoga Thoroughbreds, Raymond DeStefano and Chris Bernhard.

Solomini has led all New York-based stallions by mares bred in both of his first two seasons at stud, covering 123 mares this past season–eight more than barnmate and the Empire State's top sire, Central Banker.

“They appear to be pretty consistently correct, good-looking babies and well balanced. They're also pretty mature looking,” said Joe McMahon of Solomini's produce. “I would think that, with his race record and the fact that he's a Curlin, who's doing so incredibly well this year, that there will be above-average interest in them.”

In addition to standing Central Banker, McMahon was also part of the syndicate that owned another recent New York success story in Laoban. The 2016 GII Jim Dandy S. upsetter was relocated from Sequel Stallions to WinStar Farm ahead of the 2021 breeding season after leading all New York freshmen last year and finishing second among North American stallions thanks to the exploits of GI Darley Alcibiades S. winner Simply Ravishing and GII Kentucky Jockey Club S. winner Keepmeinmind. Laoban died unexpectedly in late May.

There are 12 Central Bankers in the catalogue (plus 10 more in foal to him), and eight Laobans.

“Looking back at Laoban, he was hard to sell seasons to early on,” McMahon said when asked to compare the reception for Solomini thus far to Laoban and Central Banker at this same stage in their careers. “He never got the support that Central Banker or Solomini have gotten. We owned a significant part of him, so we were pretty close to the situation and what was going on with him… The Central Bankers were popular from the get-go. Then they came out running, and we kept good books going to him, so he was able to kind of avoid the slump that a lot of stallions have in their third year. We'd love for Solomini to be as successful as either one of those two, that's for sure.”

The Saratoga Fall sale comes on the heels and in the midst of an extremely competitive yearling sales season, including very strong trade at Fasig's New York-bred Yearlings sale here in August and at the recently concluded Midlantic Fall Yearlings sale, which is heavy on New York-breds.

“If you look at the popularity of New York-breds, relative to the amount of purse money that's available, you've got to think that this is a good investment for people, and a good hedge for people who want to be in the breeding business; with these purses being so high and the amount of racing we have in New York. Those are very positive things,” McMahon said. “I think in the economy we have now, and in the sales economy right now where the highs are so, so high… It's still hard to sell a middle-priced horse, but I think the New York-bred program gives people a great edge because of the awards and the purses. I think the market [at Saratoga] is likely to be pretty good.”

Visit www.fasigtipton.com for more.

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First Foal Arrives in NY for MGISP Solomini

McMahon of Saratoga Thoroughbreds announced the arrival of the first foal from the first crop of MGISP Solomini (Curlin–Surf Song, by Storm Cat). The filly, out of track record setter and stakes placed Another Level (Emcee), arrived at Hidden Lake Farm in Stillwater, New York, Jan. 15. The mare's first foal is from the immediate family of Grade I-winning millionaire Octave (Unbridled's Song), winner of the GI Coaching Club American Oaks S. and GI Mother Goose S.

“Solomini's first foal out of Another Level is a lovely filly with a lot of body and very nice frame,” said Chris Bernard of Hidden Lake Farm. “3C Stables and Hidden Lake Farm bred 20 mares to Solomini and are committed to his success.”

Solomini, who finished runner up in the GI Breeders' Cup Juvenile and GI Front Runner S. in 2017, crossed the wire in first in the GI Los Alamitos Futurity only to be demoted to third via DQ. He also hit the board in a trio of starts at three, including the GI Arkansas Derby.

The chestnut, who covered 123 mares standing at McMahon of Saratoga Thoroughbreds lasat season, will stand the 2021 season for $5,000, live foal.

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Central Banker Leads McMahon Of Saratoga’s 2021 Stallion Roster

McMahon of Saratoga Thoroughbreds in Saratoga Springs, N.Y., revealed the advertised fees for its 2021 stallion roster, led by fast-rising sire Central Banker.

“Anne and I purchased our Fitch Road farm 50 years ago this March,” said farm owner Joe McMahon. “We feel fortunate that we have been well supported by the New York breeding community all of those years. Recent months have been very hard for everyone involved in racing and breeding, and we are reducing the fees for our stallions for the 2021 breeding season to reflect the challenges brought on by 2020.”

Central Banker, a Grade 2-winning son of Speightstown, will stand the upcoming season for an advertised fee of $6,000. His runners are led by multiple stakes winner and graded stakes-placed Bankit, whose earnings are now in excess of $700,000, and multiple stakes winner Newly Minted.

Central Banker covered 114 mares in 2020, and he currently sits second on New York's general sire list by progeny earnings this season, with $1,878,786.

Solomini, a Grade 1-placed son of Curlin, will stand for $5,000. He stood his first season in 2020, and he covered 123 mares, the most of any New York stallion.

Rounding out the roster is Redesdale, a son of Speightstown whose first foals are weanlings of 2020. He'll stand for $3,000 in 2021 after covering 66 mares in 2020, and 81 mares in his inaugural season a year earlier.

“We feel confident that the New York breeding program remains the strongest of its kind in the world, and our goal is to offer the best valued and most attractive stallions outside of Kentucky,” McMahon said. “We hope these reduced fees help New York breeders through this difficult time, and we look forward to working with our breeders in the coming months.”

Following are the advertised 2021 fees for the McMahon of Saratoga stallion roster:

Central Banker – $6,000
Redesdale – $3,000
Solomini – $5,000

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