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Jack Wolf Joins TDN Writers’ Room

Fresh off a dominant Grade I win by his Starlight Racing’s Charlatan (Speightstown) and a newly-minted ‘TDN Rising Star’ for his outfit, Jack Wolf joined the TDN Writers’ Room presented by Keeneland Wednesday morning. Calling in via Zoom as the Green Group Guest of the Week, Wolf talked about the highs and lows of 2020 with his barn star, Thoroughbred aftercare and more.

Charlatan’s 3-year-old campaign featured dazzling victories but also a disqualification for a positive drug test in the GI Arkansas Derby and a long layoff that forced him to miss the GI Kentucky Derby. Luckily for Starlight, they also owned a piece of a colt named Authentic (Into Mischief) who carried the flag to a Derby victory and presumptive Horse of the Year trophy.

“It was a roller coaster,” Wolf said. “Initially we had three big horses in there of which Charlatan looked like he was probably going to be the best of the three with Eight Rings and Authentic. Then all this stuff happened. We went to Arkansas and got the disqualification there, then we had to remove a small chip [in his ankle] and that put everything up in the air. In any case, when you’ve got somebody like Bob Baffert adjusting to all these changes, I think we have a little bit of an advantage over everybody else. Then we had Authentic, who [because of the Derby postponement] had seven weeks between the Haskell and the Derby. I don’t think Authentic would have won the Derby if it was run May 2, and it all just worked out. Crazy business.”

Two weeks after Charlatan’s devastating GI Malibu S. win, 3-year-old filly Jouster (Noble Mission {GB}) kept Starlight spirits high with an 8 3/4-length maiden romp Sunday at Gulfstream to earn ‘Rising Star’ honors. The $360,000 Fasig-Tipton Saratoga buy was a beaten favorite in her first two starts on dirt before relishing the turf in Sunday’s graduation.

“I think we’ve got her on the right surface now,” Wolf said. “The field that she beat the other day, there were some pretty nice horses. I was talking to one of our partners last night and he asked if I thought we’d win the race. I was at the race. So, I’m not going to go down there without thinking we’re going to win the thing. But, in any case, I didn’t think we’d win by 8 3/4 lengths. She’ll probably run in an allowance race next and we’ll point for something like the Belmont Oaks and some of those longer turf races, in the summer.”

Elsewhere on the show, the writers reacted to the passing of Juddmonte Farms’ Khalid Abdullah, discussed the swift industry backlash to Eric Guillot in the West Point Thoroughbreds news segment and looked forward to the beginning of Derby prep season. Click here to watch the podcast; click here for the audio-only version.

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Brendan Walsh Joins Writers’ Room 2020 Wrap-Up Show

It’s been an eventful year to say the least, and Wednesday morning, the crew of the TDN Writers’ Room presented by Keeneland wrapped up the biggest stories of 2020 and looked forward to the promise of a new year with an assist from trainer Brendan Walsh. Calling in via Zoom as the Green Group Guest of the Week for the second time, Walsh talked about the highly-anticipated return of barn star Maxfield (Street Sense), what his hopes are for the implementation of the Horseracing Integrity and Safety Act and trainees he’s excited about sending out in 2021.

Maxfield, a blowout victor of the 2019 GI Claiborne Breeders’ Futurity, missed the rest of his 2-year-old season with an ankle injury and, after a victory in the GIII Matt Winn S. in his sophomore debut, had to be taken off the GI Kentucky Derby trail soon after with a condylar fracture. Returning to training in late September, he’s set to run for just the fourth time in Saturday’s Tenacious S. at Fair Grounds.

Asked about how he manages the mental toll of conditioning the talented but oft-injured Maxfield, Walsh said, “It’s been disappointing and frustrating each time [he’s gotten hurt], but the saving grace of it all is the fact that the horse could come back from when he’s gotten inured. There was always something in the future. As far as fractures go, it was non-displaced and a pretty easy fix. I’ve had lots of horses with fractures like this and the recovery rate is actually very high for them. So yeah, it was disappointing, especially this year, because it meant missing a potential chance for the Derby, but we always knew that eventually we were going to get another crack at it late in the game.”

The conversation turned to the expected passage of the HISA in 2021 and how important it would be to establish the kind of centralized regulatory body that the Irish-born Walsh dealt with in the British Horseracing Authority.

“I think we’ve made big, big leaps forward this year,” he said. “Last time I was on the show, we touched on this and I wasn’t totally confident about it happening. But it looks now like there’s a very good chance it will happen. I think it’s highly essential that it happens for racing here. We’ve made a lot of advances in various states with medication policies, etc. but it’s very important to have a uniform policy all over the country. It’s going to make it easier on everybody because people will have a clearer picture on medications we are and aren’t allowed to use. That’s what we’d all like to have.”

Elsewhere on the show, the writers assessed where the industry stands with its most pressing issues such as the FBI indictments, HISA, equine safety and handle trends and how they expect and want those stories to develop in 2021. In the West Point Thoroughbreds news segment, they talked about the demise of greyhound racing and how horse racing’s powers that be may be finally acting just in time to save their industry. Then they discussed what horses they’re most looking forward to seeing next year and relived the best of host Joe Bianca’s 2020 rants. Click here to watch the podcast; click here for the audio-only version.

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D J Stable, Green Group’s Len Green Talks Making the Horse Business Profitable On Writers’ Room

It’s no secret that the horse business is a tough one if your primary goal is to make money. But your chances are better the more experience and expertise you accrue, and The Green Group’s Len Green has decades of both. Wednesday, the tax, accounting and consulting firm’s founder and principal of successful racing outfit D J Stable joined the TDN Writers’ Room presented by Keeneland to impart his advice on turning a profit in racing, discuss what tax changes could be coming down the pike with a new presidential administration in 2021 and reminisce on some of his favorite memories in racing.

“One, you really have to learn about setting [your horse investment] up so it looks, sounds and smells like a business,” Green said when asked for his advice for new owners. “Instead of writing checks out of your own regular checking account, which has personal deductions on it, etc., set up an LLC. It gives you protection in terms of liability, but it also gives you the appearance that you’re running it as a business. Two, you have to have some strategy. Three, you’ve got to keep on changing that strategy every couple of years.”

Elaborating on the last point, Green talked about making the eventual move from strictly racing claiming horses to the substantial owning and breeding program he now oversees, one that included champion 2-year-old filly Jaywalk (Cross Traffic) in 2018.

“You get used to a particular pattern of doing business and it really takes a shock sometimes to get you out of your comfort zone,” he said. “Our comfort zone was winning races. It was great, winning 30% of the time, but you were losing the horse because if the horse won for $25,000 our trainer would drop it down to 20. It would win at 20, but by that point, someone would claim the horse from you, and that horse may have originally cost you 100 [thousand]. His theory was, you run it where it belongs, which is correct, but that’s a great pattern to lose money with. So at a certain point in time, we said, ‘Hey, let’s get out of this claiming game. It’s too difficult to make money.'”

Elsewhere in the show, the writers reacted to an intriguing weekend of racing across the globe and, in the West Point Thoroughbreds news segment, lamented the slap-on-wrist punishments trainers continue to receive despite overall positive movement on drug issues in the sport. Click here to watch the podcast; click here for the audio-only version.

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West Point Founder Terry Finley Joins TDN Writers’ Room

Founder, president and CEO of West Point Thoroughbreds Terry Finley joined the TDN Writers’ Room presented by Keeneland Wednesday to discuss an array of industry issues and potential solutions. Calling in via Zoom as the Green Group Guest of the Week, Finley provided his insights on how the game can better attract new customers, whether or not racing’s drug problem is finally going to be cleaned up, the evolution of the owner partnership and much more.

Asked about how his friends who are casual observers of racing view the sport, Finley said he thinks the perception is improving thanks to the industry’s belated but united response to its equine safety and drug crises.

“The people we want to influence and impact are, by and large, reasonable, and all they want is for us to take these things that we’re not proud of as an industry seriously,” he said. “And I think we’ve shown over the last two years that we get it. We got our heads picked up. So I think they appreciate that. People come into the business and give us all a chance to show that we’re doing everything we can to give them a fair shot. I think we’re really starting to catch their attention in a sensible way and I’d like to think that we’re on the way to continuing to grow. I’m optimistic that we’re on the right track. I appreciate that a number of people and organizations have come to the table and compromised. When we’ve done that in the past, good things have happened, and I really think good things are on the way for us if we stay at the table and don’t get mad at each other. We all get frustrated at the pace of change in our business, but it’s all about an evolution.”

The discussion then turned to March’s FBI indictments and how Finley thinks the alleged cheating scandals have affected participation in the sport.

“I really hope that there are some trainers and vets and other people in our industry who haven’t slept in the last eight months because they’re waiting for that phone call,” he said. “We’ve got to take our medicine as an industry, because we let it happen. I think we got beat in seven graded stakes races by those two turkeys, where we finished second or third behind Jason Servis or Jorge Navarro. So when I’ve talked to people in the last eight months about the Horseracing Integrity and Safety Act, I’ve said, ‘Listen, they’ve taken money out of my pocket and my partners’ pockets.’ We’ve lost partners in the last eight months because they said the industry has had a long time to clean this up. Now we finally did it and I was very proud of the job that The Jockey Club did. We’re going to keep after this. That’s the only thing I can see that’s going to be effective long term, is to just stay vigilant and try to identify the guys who are taking an edge and cheating.”

Elsewhere on the show, the writers talked about the latest coronavirus-related interruptions to the racing calendar, previewed a big holiday weekend of graded stakes, and in the spirit of Thanksgiving, revealed what they’re thankful for in racing. Click here to watch the podcast, click here for the audio-only version.

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