‘There’s An Opportunity In Every Horse And That’s How The Industry Exists’

   Few people left an imprint at the Tattersalls Autumn Horses In Training Sale quite like Olly Tait. Under the banner of the newly-formed and Qatari-backed Wathnan Racing, Tait signed for nine horses to the tune of 1.75 million gns, headed by 450,000gns purchase Persian Royal (GB) (Al Kazeem {GB}).

   Fitting that Tait has been tasked with growing Wathnan Racing into a formidable ownership vehicle in Qatar as it was the Australian native who was entrusted by Godolphin to get their Darley operation off the ground down under back in 2001.

   Despite only being in his mid-20s at the time, Tait laid the foundations of the hugely successful Darley Australia arm that continues to flourish to this day. 

   It was in 2016 that Tait decided to take his experience working for Darley and set up Twin Hills Stud in Australia. With stallions like Smart Missile (Aus), Peltzer (Aus), Hallowed Crown (Aus), Denman (Aus) and Odyssey Moon (Aus) on the Twin Hills roster, the farm has become one of the most prominent studs in Australia in a relatively short period. 

   Tait has described the challenge of building Wathnan Racing into a force to be reckoned with in the Gulf as something that excites him and, despite playing in a vibrant market at Tattersalls last week, says he is delighted with the additions to the team in this week's Q&A. 

Brian Sheerin: You picked up a good variety of horses at Tattersalls last week on behalf of Wathnan Racing. What was the modus operandi heading into that sale?

Olly Tait: There's a wide-ranging programme of racing in Qatar so, obviously, we were keen to buy horses who can win in the colours of Wathnan Racing this season and beyond. We got some horses at the higher end as we're hoping to find a horse capable of winning the Qatar Derby. Equally, there are a lot of nice handicaps to be won in Qatar, so we bought horses at all levels in order to make the stable successful. That's not just having horses who can run in the big races, it's buying horses who can win at all different levels. 

BS: Tell us more about Wathnan Racing and how your relationship has developed. 

OT: Wathnan Racing is a stable in Qatar and my connection to that is through Abdulhadi Mana Al-Hajri, who I have known for quite a while. He is now heading up that stable in Qatar and contacted me a few months ago asking if I would give him a hand.

BS: And what does the programme for these horses look like in Qatar? In short, what kind of horses are you seeking out and what are the profiles that you think will do well out there?

OT: There is Arabian and thoroughbred racing in Qatar at present but there is a wide-ranging programme there for racehorses over a variety of different trips from October through to March. There are a lot of races to be run and won in that time. As I said, we're looking for horses at every level and over a variety of different distances, not just targeting the Derby, which is run over a mile-and-a-quarter. 

BS: Obviously you were very busy recruiting to the stable last week but have you aspirations to recruit horses for Wathnan Racing privately as well?

OT: We'll wait and see. While the selection of horses on offer at Tattersalls was fantastic, we're not beholden to that and it's something we could do.

BS: There were a few jaw-dropping moments during last week's sale and the trade was in keeping with the high demand shown for yearlings during the autumn. What was it like playing in such a vibrant market?

OT: As I have always said, horses are only worth what someone is willing to pay for them. The motivation behind buying a horse, in general, is not just a financial return. Horses give people a lot of pleasure and you could see that at the horses-in-training sale with the horses there going to all different parts of the world. That's testimony to the quality of horses that they were but also the fact that there's a really healthy appetite for horses across the globe which is fantastic to see. It's fantastic that so many people want to buy racehorses and there's an opportunity in every horse and that's how the industry exists. That was plain to see at Tattersalls last week. 

BS: We all know about your time at Darley and more recently Twin Hills but this is something completely different. On a personal level, how exciting has it been getting a racing operation off the ground as opposed to a stud farm?

OT: On a personal level, it's a very interesting project for me to be involved in. I've got a good relationship with Mr Al-Hajri so it's nice to be able to help him where I can. 

BS: And for those who may not be aware, tell us about your time at Darley. I found it interesting that you spent a few years working with the accountancy firm KPMG before writing to Darley and looking for a break in the bloodstock industry. 

OT: I grew up with an interest in horses which came from my parents and grandparents who owned horses. They were involved in the agriculture business, mainly sheep and cattle, and I was fortunate to get a job with Darley in my early 20s. Sheikh Mohammed was very ambitious and I was lucky to be a part of that during my time there. I had a great time working for Darley and am very thankful for the opportunities that I have had. When I moved on to Twin Hills, it came at a time where I thought that, if I was ever going to try something on my own, that was the time. Fortunately Twin Hills came on the market when it did. We have been here at Twin Hills for six years now and it's been very challenging but also very rewarding. We've been very lucky as it's been a buoyant market in Australia and right around the world. The racing industry in Australia is very healthy and I guess our timing has been good in that we have been a part of that. We have been selling horses on a commercial level, standing stallions and looking after people's bloodstock interests, to the extent that Twin Hills is now a reasonably sized operation. I've been exposed to lots of different things in the industry but I have been at it for quite a while now and it's been a career that I've thoroughly enjoyed. 

BS: You've clearly had some excellent mentors along the way.

OT: I have been very lucky. When I was working with Darley, I was exposed to amazing people in the industry and that's not just the people who would be perceived as being successful. I've met people at all different levels who have had an impact on me and continue to do so. 

BS: It's interesting that you were just 25 when entrusted to set up the Australian arm of the Darley operation. Angus Gold was also quite young when he got the Shadwell job. It just shows that, if you're good enough, you're old enough.

OT: I was lucky that the faith was put in me because that's not an easy decision to give a job like that to a person of that age. In the beginning, it wasn't a major operation; it was just me and another employee with a number of stallions. There was obviously always that chance that it was going to grow into something big, which it has and, hopefully I showed along the way that I was up to the task. It was just really enjoyable to be part of an operation that grew the way it did internationally. This is a global industry and there are opportunities internationally but there are not many operations that have an international presence and I was lucky to work for Darley and get those opportunities. I'll be forever thankful for that.

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No Foldin’ For Cohen As He Lands 850,000 Gambler At Tattersalls

Tim Cohen did not come halfway around the world to walk away from the Tattersalls table when the stakes get higher and the American-based agent did not blink in securing I'm A Gambler for 850,000gns on behalf of Red Baron's Barn and Rancho Temescal on day two of the Autumn Horses In Training Sale. 

I'm A Gambler (Ire) (No Nay Never), a typical Charlie and Mark Johnston-trained runner who has gone from strength to strength this season and was last seen winning a Listed event at Redcar, will continue his career in California.

Cohen said, “It's hard to find a solid three-year-old and he's obviously one of the highest-rated in the sale. Physically, he's beautiful. Certainly didn't want to go that far but also didn't want to come all this way and not use something worthwhile.”

“There are a few three-year-old stakes races left in California this year, but he has had quite a few races, so we will finish the year and then he can have a little break.”

Asked how high he thinks I'm A Gambler can go in America, Cohen joked, “He better go pretty high! He is a quality individual, has already proven that, so if we can maintain that and can enhance that, it will be even better. He does not have much left to prove to me.”

Charlie Johnson watched the sale on the rope and revealed that selling the nine-time winner made good sense financially for the Kingsley Park team and owners John Brown and Megan Dennis.

He said, “It was quite some theatre because bidders that seemed to drop out of the running suddenly came back for more. It just showed what high demand he was in. He's a phenomenal physical, a beautiful horse, and he's had no issues all the way through his career. He's been an easy horse to train as he's very sound and very tough and he's really taken off in the last four or five months. It's a phenomenal result.”

Johnson added, “Watching trade I thought he was going to make 400,000gns or maybe 500,000gns on a good day, so the end result is quite fantastic. Normally, you wouldn't sell good horses like that but the reality is, I spoke to John a few weeks ago and his dream campaign for next year would involve winning the Lennox S. 

“The horse has just earned five, six or maybe even seven times the prize-money of that race for selling here. It leaves a huge hole in our yard to sell a 110-rated horse but economically it was a logical decision for the owner.”

 

The Johnson team have sold a total of 27 horses at the sale thus far for 1,270,500gns while Red Baron's Barn and Rancho Temescal pushed spending to 1,215,000gns after buying Bellstreet Bridie (GB) (Sir Percy {GB}) for 260,000gns and Maltese Falcon (Ire) (Caravaggio ) on Monday.

Figures were up again on Tuesday. Trade reached 12,373,000gns on the day which represents a 10% rise on last year. The median was also up 22% to 25,000gns while the average rose 15% to 50,709gns. 

The clearance rate was 93%, the same as in 2021, while the total spend for Monday and Tuesday together is 20,939,100gns. 

'Very Ambitious' Wathnan Racing Flexes Buying Power

Wathnan Racing, one of the newest racing ventures in Qatar that is headed by Alban Elie De Mieulle, the multiple champion trainer in that jurisdiction, once again flexed its buying power when snapping up Persian Royal (GB) and Inverness (Ire), two of the most expensive horses sold on Tuesday.

That helped elevate Wathnan Racing's spending to 1,750,000gns across the two days. It was Roger and Harry Charlton's Persian Royal, a four-time winner by Al Kazeem (GB), who boasts a rating of 90 that made 450,000gns while Inverness (Highland Reel {Ire}) was sold for 380,000gns. 

Wathnan Racing, for which Olly Tait has been buying on behalf of, acquired nine horses from the sale and were also in the running for the top lot I'm A Gambler for much of the bidding. 

“Wathnan Racing is a new stable that has started up in Qatar,” Tait said after buying Persian Royal. “We want to have enough horses so that the stable can be successful.”

He added, “His form was excellent and he looks progressive. Not only is he progressive but he's super consistent. He's a nice horse for this season and hopefully many more seasons to come.”

Persian Royal raced in the familiar silks of John Deer, who also owned the sire Al Kazeem, a four-time Group 1 winner for Roger Charlton. 

The Qatar Derby was identified as the likely target for Inverness, the second highest-rated son of Highland Reel with a mark of 94, who held on to top-lot status for much of the day.

Tait said of that dual winner, “He has very consistent, progressive form, and he will go on firm ground. He is a horse who could hopefully be competitive in the Qatar Derby. 

“He is that level of horse. He wasn't inexpensive but that is what you have to pay for a horse of that quality. He is very willing and his form stands up very well.”

He added, “There is a big programme of racing in Qatar and Wathnan Racing is very ambitious, looking for horses who can win races at different levels. In time, a broader Middle Eastern campaign for the horses could be on the radar.”

Havana Grey's Best Boy Off To Qatar

Eddie's Boy (GB), the highest-rated son of crack first-season sire Havana Grey (GB), will continue his career in Qatar after selling online to Will Douglass of Charlie Gordon Watson Bloodstock and Al Wasmiyah Stud for 320,000gns.

A teak-tough two-year-old, Eddie's Boy has won three of his 10 starts this term, and is set to be kept on the go a little longer with December targets in Qatar pencilled into his diary by the new connections. 

The Middleham Park-owned and Archie Watson-trained colt enjoyed his greatest day on a racecourse so far when landing a Group 3 at Chantilly last month and has amassed over £210,000 in prize-money. 

Douglass said, “He is an absolutely cracking-looking horse and has danced every dance this year. He vetted brilliantly–you can't knock what he has done. He is well-made, strong and solid, and is going to do well in Qatar. I think he has the best two-year-old form in the catalogue.

“He will first aim for the Al Rayyan S., which is run in mid-December, and then for the Al Biddah Mile in early February. We have managed to buy the winner of that for the last seven years so there is no pressure!”

The agent added, “Plans are a bit up in the air at the moment, but we have found that it works better to leave the horses here for the December race and run them off the plane, then leave them in Qatar for the later race.”

That would suggest that Eddie's Boy will stay in training with Watson for that December target in Qatar. 

Middleham's Tim Palin said, “A 45,000gns buy at Tattersalls to selling today, there is a certain synergy there, we have sold really well and it is just a privilege to be dining at the top table and selling at the top table.

“Horses such as him and The Platinum Queen (Ire) (Cotai Glory {GB}) show that even for the cheaper sort of horse, if you club together and share the expense, you can achieve and get to the best places. He has been a fantastic success story under Archie's tutelage.”

On Breeders' Cup bound The Platinum Queen, who was a 57,000gns Tattersalls Guineas Breeze-Up purchase, he added, “She travels to America on Saturday for her Breeders' Cup assignment. We are looking forward to a fantastic race. She is favourite, we could do with a good draw, it is not imperative but important. 

“Hollie Doyle is booked. Let's hope we can go over and serve it up to the Americans in their own back yard. We will have around 20 members heading over.”

High Definition To Embark On Hurdles Career

He was once talked about as a leading Derby contender at Ballydoyle but now High Definition (Ire) will have major targets over jumps to aim for after Coolmore sold the 2020 G2 Beresford S. winner to join Joseph O'Brien for 350,000gns. 

 

High Definition won twice for Aidan O'Brien but showed snippets of top-class form, including when second in this season's G1 Tattersalls Gold Cup at the Curragh, and Mark McStay secured the Galileo (Ire) colt for an existing client at Owning Hill. 

Celestial Halo (Ire), Supasundae (GB) and Windsor Park (Ire) rank among Galileo's best sons to have gone down the National Hunt route and McStay confirmed that he secured the 117-rated Flat performer for that sphere. 

“He is for an existing international client and he goes to Joseph O'Brien to go jumping,” McStay said afterwards. 

Another Coolmore-consigned wildcard, the Group 3-winning Aikhal (Ire) (Galileo {Ire}), sold to South Africa's leading bloodstock agency Form Bloodstock for 150,000gns. 

McStay's Avenue Bloodstock also signed for Aidan O'Brien's 107-rated dual winner Glounthaune (Ire), part-owned by the late Evie Stockwell, for 135,000gns. Bjorn Baker Racing and Clarke Bloodstock were also down as buyers for the Kodiac (GB) colt.

Despite having a number of withdrawals, Coolmore have sold 14 horses for over 1.5 million across the opening two days of the sale, highlighted by Monday's 410,000 sale-topper Waterville. 

King's First Winner Sold As Australian Interest Amplifies

A number of The King's high profile runners, including Just Fine (Ire) (Sea The Stars {Ire}), who provided him with his first winner as an owner at Leicester earlier this month, sold strongly. 

The 99-rated Just Fine, trained by Sir Michael Stoute to win three races, changed hands for 300,000gns to Johnny McKeever on behalf of Gai Waterhouse and Adrian Bott.

McKeever said, “It has been a while since I have bought one from the Royal Studs. Gai Waterhouse trained for the late Queen and will be thrilled to be getting a horse that she owned.

Sea The Stars is one of my all-time favourite racehorses and sires. I rate him up there with all the great ones and, except for Frankel, is one of the best staying stallions in the world.”

He added, “We are looking for good quality horses and Sir Michael recommended him very strongly. I don't know if there have been many by Sea The Stars in Australia, but this horse's level of form is pretty good, and he has the right profile. We have tried on a few others-we were underbidders on Chairman and this morning on Inverness.”

Fellow Stoute-trained Royal runners Theme Park and Naval College sold similarly well. Theme Park (GB) (Lope De Vega {Ire}) was knocked down to Jamie Piggott and Nigel Tinkler for 200,000gns while Sackville Donald bought Naval College (GB) (Dartmouth {GB}) for 185,000. 

Chairman (Fr) (Almanzor {Fr}) proved one of the highlights on Monday when selling from Freddie and Martin Meade to Ciaron Maher and David Eustace for 400,000gns and the Australian trainers were back for more on Tuesday. 

Will Bourne, the bloodstock executive for the powerful training partnership, struck for Ruling (Ger) (Camelot {GB}), fourth behind Monday's session-topper Waterville (Ire) (Camelot {GB}) in the Irish Cesarewitch last month, for 300,000gns. 

 “He is a nice athletic horse and will go to Ciaron's Sydney operation,” Bourne said. “He is a genuine stayer. He has had a break but has come back well and he has the perfect profile for the Sydney Autumn Carnival.

“The carnival can really accommodate a horse like him and there is a lot of prize-money on offer. We are looking for five or six horses in total this week but it is a very buoyant market and they are hard to buy.”

The strength of the trade took its toll on many, but not Ronald Rauscher, who described himself as pleasantly surprised about being able to pick up the 106-rated Earl Of Tyrone (Ire) (Australia {GB}) for 300,000 on behalf of Australian Bloodstock.

Earl Of Tyrone has improved 29lbs since joining Paddy Twomey this season and Rauscher said he is hopeful that there can be more to come.

He said, “The objective is staying races in Australia. I know where he has come from and who trains him very well-he was obvious for us. I thought there might be a bit more action on him, so I am not unhappy where we landed. He is a very nice horse, very correct, very well looked after.”

Rockingham Runner-Up Captures Imagination

The Rockingham S. runner-up Kyeema (GB) (Siyouni {Fr}) captured the imagination with Chinese owner YP Cheng going to 360,000gns for the William Haggas-trained gelding. 

Kyeema was purchased under the name of Domeland and, while a trainer has yet to be decided upon, Roy Cheng revealed the 102-rated sprinter would head to Australia. 

He said, “My boss really liked this horse. He will be heading to Sydney. We are not sure about a trainer yet.”

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