Laoban Relocating to WinStar

Laoban (Uncle Mo–Chattertown, by Speightstown), a son of champion and perennial leading sire Uncle Mo and one of the leaders of his freshman class, is relocating from Sequel Stallions in New York to WinStar Farm for 2021. A limited number of seasons will be offered at $25,000 S&N until the Breeders’ Cup. That fee is subject to change pending results in the Breeders’ Cup, as Laoban has contenders in the GI Breeders’ Cup Juvenile Fillies, GI Breeders’ Cup Juvenile, and GI Breeders’ Cup Juvenile Turf.

The leading New York freshman sire with debut winners sprinting and routing on dirt and turf, Laoban is represented by the undefeated Simply Ravishing, a dominant 6 1/4-length winner of the GI Darley Alcibiades S. at Keeneland for which she earned an 89 Beyer Speed Figure, the fastest 2-year-old Beyer of Keeneland’s fall meet thus far. Prior to that eye-catching score, she strolled home a 6 1/2-length winner of the P.G. Johnson S. at seven furlongs on the dirt at Saratoga which followed a maiden-breaking win at 1 1/16 miles on the turf at Saratoga in her career debut for trainer Ken McPeek. Additional top performers by Laoban include graded stakes-placed runners Keepmeinmind, second in GI Claiborne Breeders’ Futurity and Ava’s Grace, third in the GII Adirondack S. at Saratoga.

“My phone lit up before [Simply Ravishing] crossed the wire at Keeneland,” said Becky Thomas of Sequel Stallions. “In the following days, we were overwhelmed with calls from all of the very top stallion farms in Kentucky.

“Laoban is stamping his foals and proving to be a cookie-cutter of the Uncle Mo style of stretch and athleticism. Since receiving the foals from New York, they certainly looked the part, but once we started training them at Winding Oaks, I knew that he was going to be something special. Talking with other horsemen in Ocala who were training his first crop of 2-year-olds and seeing them perform consistently, he was the buzz horse all season. Then, for him to become the first New York stallion to sire a Grade I winner in his first crop is absolutely incredible. It is truly a humbling experience to be a part of what is becoming such an important young stallion. WinStar is a great fit for him and he is sure to get a wide variety of nice mares coming from all their partnerships and support. We couldn’t be more excited about his future.”

A wire-to-wire winner of the 2016 GII Jim Dandy S. for Southern Equine Stables and Eric Guillot, the dark bay banked $526,250 in his career with additional graded placings in the GIII Gotham S. and GIII Sham S.

An outcross in his first four generations, Laoban, a $260,000 Keeneland September sale yearling bred in Kentucky by Respite Farm, is out of a stakes-placed three-quarter sister to MGISW and multi-millionaire I’m a Chatterbox (Munnings).

“I have tremendous respect for Becky and her Sequel operation,” said Elliott Walden, WinStar’s president, CEO, and racing manager. “We are excited to partner with her and the original shareholders and we are appreciative of the efforts of Siena, Taylor Made, and Breeze Easy in bringing Laoban to Kentucky. Laoban is a beautiful son of Uncle Mo who might have three horses in the Breeders’ Cup and we believe Uncle Mo is an important sire line for the next generation. Having Laoban join third-leading freshman sire Outwork on our roster gives us two of his exciting three sons with 2-year-olds this year.”

For more information on Laoban, contact Liam O’Rourke, Chris Knehr, or Olivia Desch at (859) 873-1717, or visit WinStarFarm.com.

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Breeders’ Cup Presents Connections: Hamm’s First Grade 1 Is Not ‘Beginner’s Luck’

Maybe it's a cliché, says Thoroughbred trainer Timothy Hamm, but success breeds success no matter the industry.

So, yes, the 54-year-old was beyond thrilled to saddle the first Grade 1 winner of his career with Dayoutoftheoffice in the Oct. 10 Frizette at Belmont Park, but the adjacent reality is that Hamm's program has been quietly building up to that top-level victory since he purchased his first racehorse in 1994.

An undefeated 2-year-old daughter of Into Mischief, Dayoutoftheoffice will become Hamm's first Breeders' Cup starter on Nov. 6 at Keeneland. This may be the Ohio native's first chance to show he has what it takes to compete at the World Championships, but Hamm is more excited than nervous about the opportunity.

“The thing I like most is I want our team to feel like we're getting somewhere,” Hamm said. “That's the biggest thing the Breeders' Cup means to us. Obviously, the next question will be whether you can do it again. The first time can be beginner's luck, so hopefully the entire team can buy in after this and making it to the Breeders' Cup will become a habit.”

His words might sound cocky, but Hamm doesn't mean them to be. He's simply that confident in his partners and in the program he's built from the ground up over the past 25 years.

Hamm owns Dayoutoftheoffice in partnership with Anthony Manganaro's Siena Farm, a somewhat unique business model at the upper end of the sport. It isn't all that unusual for Hamm, however; he is partnered on nearly 85 percent of the 200 or so Thoroughbreds in his care across all levels of the industry, from broodmares to stallions and from yearlings to active racehorses, and everything in between.

The partnership model may be unusual, but it has been a cornerstone of Hamm's success since the very beginning. Keeping an ownership stake in so many of his horses has allowed Hamm to both remain grounded and focus on doing what's best for the animals.

Hamm didn't grow up in a “racing family,” at least, not in the strictest definition. His father worked at General Motors during the day and trained Thoroughbreds from his Ohio farm on the side, keeping them fit via a jogging machine and shipping to tracks like Mountaineer to race on the weekends. He trained just over 100 winners through his part-time career, and taught Hamm a lot about how to make ends meet with the horses.

However, those lessons did not take root until well after college, Hamm said, laughing good-naturedly. As a young man Hamm was more focused on Saddlebred show horses. By high school, he became ensconced in football; Hamm played linebacker for Youngstown State throughout his university athletic career.

Those passions didn't leave a lot of room for Thoroughbreds in Hamm's schedule, though he'd still help out his father at the family farm when he had spare time.

After graduating with a four-year business degree in 1989, Hamm launched a construction company. He finally started to feel that pull back to the horses in the mid-1990's, and purchased his first racehorse at an OBS 2-year-olds in training sale in 1994.

Hamm spent $13,500 on a filly named Willowy Proof, but he admits he didn't know much about the racing industry back then.

“I was showing her to someone and they said to me, 'Oh, you have a Pennsylvania-bred,'” Hamm remembered. “I said, 'Okay, great. What does that mean?' And they told me there was extra money in Pennsylvania if I ran her there.

“My mom helped me get her ready, trailering her to Mountaineer to train in the mornings while I was working construction. It wasn't a business, then; I really just wanted to own a racehorse.”

When Willowy Proof made her first start at Philadelphia Park on July 25, 1994, the filly dominated a maiden special weight event by 9 1/4 lengths. Before Hamm even walked off the track, he was turning down offers of $100,000 for the filly.

“I just wanted to have fun with her,” he said.

In 1996, Hamm returned to OBS and bought four more 2-year-olds. Each of those four became a stakes winner, including Rose Colored Lady, a $20,000 daughter of Formal Dinner who would earn $139,294 on the track. That was hardly her best contribution to Hamm's future career, however.

He launched Blazing Meadows Farm in Ohio in the late 1990s to begin taking advantage of the state's breeding program when his horses were done running, and Rose Colored Lady rewarded Hamm with four stakes winners in her first four runners. Her fifth foal would be Too Much Bling, a three-time graded stakes winner who earned over $500,000 and is currently a sire in Ohio.

Hamm trained Too Much Bling through his first two starts, then sold the majority share to Stonerside Stable. Transferred to Bob Baffert, the horse made it to the Breeders' Cup Sprint in 2006 and finished sixth.

Looking back to 1998, Hamm was still operating the construction business by day and training/breeding racehorses on the side. He read an article about pinhooking, and decided he'd like give that a try.

Hamm bought two horses for $25,000 each at the Keeneland September sale. The first, a Cherokee Run filly, commanded a final bid of $250,000 at the next year's OBS Calder sale. The second, a daughter of Dehere, recorded the fastest breeze of the OBS April sale and sold for $150,000.

“I was sitting back at the construction office after turning $50,000 into $400,000, and I just thought to myself that maybe I could really make a living at this,” Hamm said. “I just remember thinking, 'Man, that's a lot of two-by-fours.'”

By 2007 Hamm was ready to make the move to the horse business full time and sold the construction company.

“I guess I always thought I might want to do it as a career, but I had to own all my own horses from the beginning,” Hamm explained. “I mean, who's going to hire a trainer who'd never trained a horse before?”

Success continued to build for Hamm over the following years, and he diversified his program from breeding to racing and sales both in Ohio and on a farm purchased in Ocala. He started several big-name runners in their careers, including multi-millionaire and champion Wait A While, but in keeping with his business roots, Hamm most often sold horses before their first graded stakes victories.

His success on the track has primarily come in Ohio, where he's trained over 25 state-bred champions and five Ohio-bred Horse of the Year title winners.

WinStar Farm noticed that success and offered Hamm the chance to partner on a group of mares and later, on a stallion in Ohio named National Flag, which has continued to snowball Hamm's efforts toward the top.

Those types of partnership deals are not particularly uncommon in the industry, especially the breeding side. The rarer success is in partnership deals on the racing side; typically, a trainer will take on a horse's expenses himself, rather than charge the owner a day rate, in exchange for a larger cut of the horse's earnings.

If the horse runs well and earns enough to pay his bills, the deal works. If the horse doesn't earn enough to cover his costs, it can quickly become a major financial burden for the trainer who made the deal.

“We've always bred some homebreds, and we did take some (tougher) deals early on,” Hamm said, explaining that even with horses in which he is not a partner, he doesn't use a day rate to make a profit, just to pay the bills; the horses' success should be the profit part of the business equation. “It allowed us to weed through clients and stick with the ones who wanted to be successful. Those people don't want a horse on the track at a low level, so you're already starting off ahead of the curve.

“From there, you have to be sincere about what you're doing and give every horse the same opportunity for success. You make those deals with people who are winners in life, then do everything right along the way.

“Is it always a gravy train? Absolutely not. When it's good, it's great; when it's not, it's not. You have to be in a position to ride out the tough times. For a lot of people who take horses on deals, they aren't able to diversify their interests enough to carry the bad years.”

Dayoutoftheoffice wins the Frizette under Junior Alvarado

Approximately six years ago, the group at WinStar mentioned Hamm's name to a co-owner of Siena Farm, David Pope. Pope reached out to Hamm and they agreed to partner on a group of yearlings.

One filly in that first group, Velvet Mood by Lonhro, would go on to win her first three races, including the My Dear Girl Stakes in Canada, so the partnership was off to a great start.

Siena does some commercial breeding as well as breeding to race, so Hamm would be given the opportunity to partner with the farm on yearlings that didn't make their reserves at auction and also on some that the farm thought might be particularly special.

The latter was the case with Dayoutoftheoffice. Out of the Indian Charlie mare Gottahaveadream, a half-sister to Grade 1 winner Here Comes Ben, Dayoutoftheoffice has been an exciting prospect since the very beginning.

“I guess like anyone else, I'm partial to horses that have a lot of size and scope,” Hamm said. “Like most of the Siena horses, we got her around September and took her the farm in Ocala to start training her. Around January or February we started thinking this horse could be really special, but it was a long time away from her first start.”

Dayoutoftheoffice has won each of her three career starts and should be a strong contender for the Breeders' Cup Juvenile Fillies on Nov. 6. Win or lose, Hamm can't wait to get back to the Breeders' Cup and prove that a multiple leading trainer/owner/breeder from Ohio can compete with the world's best.

“You know, whenever people partner with me, I tell them sincerely: 'If you lose, you're going to be one of the few who loses with me,'” Hamm said. “I'm self-taught, and I knew business before I knew horses, but now I do everything from A to Z. … Making it to the Breeders' Cup means a lot to the whole team, for sure, but we don't want this to be a one-time thing.”

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Justify, Hoppertunity Disqualification Hearings Should Be Held, California Judge Rules

The connections of 2018 Triple Crown winner Justify and Grade 1 winner Hoppertunity on Thursday were thwarted in their attempt to stave off an Oct. 29 hearing before California Horse Racing Board stewards concerning possible disqualification from April 2018 victories by the two horses at Santa Anita Park because of failed drug tests.

Both horses tested positive for the banned substance scopolamine: Justify, after his win in the Grade 1 Santa Anita Derby; and Hoppertunity in the Grade 3 Tokyo City Cup.

Los Angeles Superior Court Judge James C. Chalfant denied an application for a temporary restraining order requested by attorneys for WinStar Farm, China Horse Club, Head of Plains Partners, and Starlight Racing, the owners of Justify, and Michael Pegram, Karl Watson and Paul Weitman, the owners of Hoppertunity. Trainer Bob Baffert and jockeys Mike Smith and Flavien Prat were also named as petitioners in the case.

Earlier this year, the CHRB settled a lawsuit filed by Mick Ruis, owner of Santa Anita Derby runner-up Bolt d'Oro, conditional on the stewards conducting a hearing into Justify's positive drug test. The case was not pursued in 2018 after CHRB members voted unanimously in closed-door executive session – upon the recommendation of equine medical director Dr. Rick Arthur and then-CHRB executive director Rick Baedekr – not to file complaints. Arthur and Baedeker had investigated the cases and concluded the positive tests were a result of hay contaminated with jimson weed.

Ruis filed suit after learning of the CHRB's actions from a 2019 report in the New York Times.

Attorneys for the connections of the two horses argued  that the CHRB was violating government code by reopening a case more than two years after the fact. Attorneys for the state said the petitioners were premature in seeking judicial review because the cases had not yet gone through the administrative process (i.e., a stewards hearing).

“At this hearing, the parties will have the opportunity to present evidence and make argument,” the state said in its opposition to the restraining order. “After the hearing, the Board of Stewards will render a decision. The decision by the Board of Stewards could be in favor of Petitioners or could be against Petitioners. If Petitioners take issue with the decision by the Board of Stewards following the Oct. 29, 2020, hearing, they can file a petition for writ of mandate. … Instead of following the procedures set forth by California law, Petitioners want this court to prematurely intervene and short-circuit the administrative processes of the CHRB.”

Darrell Vienna, an attorney for Ruis, issued a statement after the ruling that stated: “We are pleased that Judge Chalfant saw through this flimsy attempt to delay or avoid a long overdue and proper treatment of the positive tests involving these two horses.”

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Taking Stock: The Daredevil Syndrome

You know this adage well: “Sell a stallion overseas and he’ll catch fire.” The latest example is Daredevil (More Than Ready), whose remarkable first-crop daughter Swiss Skydiver put on a show for the ages on Saturday to deny Gl Kentucky Derby winner Authentic (Into Mischief) the Gl Preakness S. at Pimlico. Trained by a daredevil in Kenny McPeek, Swiss Skydiver and Authentic engaged in a protracted head-to-head stretch duel, but the filly never let Authentic get the better of her at any stage and won the Classic by a neck, defeating a colt who is valued at more than $20 million and is a son of North America’s hottest sire, whose fee will be $225,000 live foal next year.

In contrast, McPeek purchased Swiss Skydiver for owner Peter J. Callahan for just $35,000 at the Keeneland September sale. Her sire Daredevil had entered stud at WinStar in 2016 for $12,500, and by the time she sold in the ring, he was down to $7,500. Last November, with his first runners only two, WinStar sold Daredevil (along with Derby winner Super Saver {Maria’s Mon}, sire of Runhappy) to The Turkish Jockey Club after completing just four years at stud at the Kentucky nursery.

What all of this points out, of course, is that you can never tell with any precision the price point from where a good sire or horse will come. Into Mischief, speaking of the devil, also started off for $12,500 at Spendthrift and was down to $7,500 before his runners took off, and racing history is full of examples of inexpensive yearlings that made good. Seattle Slew was a $17,500 yearling, Zenyatta cost $60,000, and Curlin made $57,000 on a bid from none other than McPeek.

However, the recent phenomenon of selling young stallions abroad before they’ve had a chance to prove themselves is directly a result of the commercialization of the industry, specifically in Kentucky. Those stallions in their third and fourth years at stud are particularly vulnerable because their patronage drops off precipitously in many cases, and here’s why: commercial breeders don’t like to assume the risks of selling yearlings from a stallion’s third and fourth crops, because the stallion’s oldest foals will be three and four and fully exposed on the racetrack by the time those yearlings sell. If the stallion isn’t successful, breeders will get punished in the sales ring.

By the way, this can apply to a stallion in his second year at stud as well, and Runhappy is the big example this year. His 2020 yearlings to date have averaged $47,270 versus $222,625 for his first-crop yearlings last year. Why? Because at this writing, he’s been represented by only four 2-year-old winners and no stakes horses.

Runhappy may very well turn things around by the end of the year and have success with his 3-year-olds like Daredevil, but that’s moot to the commercial yearling sellers who drive the stallion marketplace. As they’ve increased in numbers and scale, they’ve increasingly backed “risk-free” first-year horses or elite sires at the top end of the marketplace, leaving strings of crumbling books in their wake.

By the way, it’s primarily for this reason that The Jockey Club intervened with its 140-mare cap rule, which begins with foals of 2020. The thinking was that by limiting big books, overflow mares will go to younger horses in their third and fourth years or to mid-level proven horses, but that’s not going to happen with an industry dominated by commercial breeders, is it? What it likely will lead to is a greater number of sires entering stud–more first-crop sires on the front end to satisfy insatiable demand–but it’s not going to address the existing back-end issues of crops two to four, meaning we’re likely to see even more departures from Kentucky of young horses in the future.

Daredevil Syndrome

The Daredevil saga is a bit of deja vu for WinStar. The farm had sold GI Florida Derby winner Take Charge Indy (A.P. Indy) to the Korea Racing Authority in November of 2016 after completing only three years at stud. By 2018, Take Charge Indy’s first-crop 3-year-olds included several notable runners on the Triple Crown trail, such as GII Rebel S. winner Long Range Toddy and GII Louisiana Derby winner Noble Indy, and GIII Forward Gal S. winner Take Charge Paula among a total of seven black-type winners.

WinStar exercised a clause in the sale of Take Charge Indy that allowed it to repurchase the horse and stand him again at WinStar in 2020, but Elliott Walden, president and CEO at WinStar, said on Tuesday that no such mechanism for repurchase existed in the sale of Daredevil. On the question of whether WinStar was pursuing a deal to bring Daredevil back, Walden was noncommittal.

Certainly, there’s a case to be made for bringing Daredevil back. For one, he was a 2-year-old Grade I winner of the Champagne S., trained by stallion-making trainer Todd Pletcher at that. He’s also been the first son of WinStar’s excellent sire and former Pletcher trainee More Than Ready to show life as a stallion in North America. Remember, Swiss Skydiver, Preakness aside, also won the GI Alabama S. and is odds-on to be named the champion 3-year-old filly.

To date, Daredevil is the sire of four black-type winners, and Swiss Skydiver isn’t his only top-level winner: Shedaresthedevil defeated Swiss Skydiver and the outstanding Into Mischief filly Gamine in the GI Kentucky Oaks. And Daredevil also is represented by the talented 2-year-old filly Esplanande, a stakes winner of three of four starts who was second in the GI Spinaway S. last month.

WinStar bred both Swiss Skydiver and Shedaresthedevil and is co-breeder and co-owner of Esplanande, but Walden will be the first to admit that he never expected Daredevil to do what he’s done. Furthermore, Walden noted that Daredevil “bred only 21 mares in 2019,” which meant that 2020 was projected to be a bigger struggle. Swiss Skydiver was only a maiden special weight winner and Shedaresthedevil only a graded-placed winner last year, and Daredevil was barely visible with a magnifying glass on freshman sire lists, much as Runhappy is now. In contrast, Take Charge Indy had finished second to Violence on the first-crop list of 2017, and it was easier to project improvement from his runners because the stallion himself was a Grade I winner at three and a son of late-developing A.P. Indy. The Daredevils were expected to make an impression at two based on the stallion’s own race record and his sire’s production history of precocious runners, but they didn’t.

To further complicate matters, the Daredevils as a group weren’t particularly fetching physical specimens, more just average types. Owner-breeder Chuck Fipke had one knockout colt that he bought back for $375,000 at the Keeneland sale in 2018, but the stallion’s first-crop yearling average that year was $34,811 for 56 sold–the average of what Swiss Skydiver brought.

The case of Daredevil isn’t isolated but rather the example of a syndrome. Gary and Mary West went through this with New Year’s Day (Street Cry {Ire}), the sire of their champion Maximum Security and Grade l winner Fighting Mad–both homebreds from the stallion’s second crop. Like Daredevil and Into Mischief, New Year’s Day was a Grade I winner at two who entered stud for a $12,500 fee. He was sold to Brazilian breeders after five seasons at stud because no one was breeding to him after his first few years except for the Wests, and after the success of Maximum Security, he was purchased by Shadai to stand in Japan.

There are other examples–California Chrome is a bigger name sold last November to Japan after three seasons–and depending on where you stand, it could be unfortunate or not. Most stallions are not going to make it, and a secondary market from Turkey, Korea, Japan, or South America is welcome relief for stallion investors.

But why this happens should not surprise anyone anymore. Unless more breeders step up to back stallions for four or five years and race the horses they produce, stallions will continue to become disposable after a few years at stud. That’s how this market works.

Sid Fernando is president and CEO of Werk Thoroughbred Consultants, Inc., originator of the Werk Nick Rating and eNicks.

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