Face the Cat, Behindatthebar To Padua/Pletcher
 

ALA CURLIN!! FACE THE CAT HELEN PITTS GOOD 3 YEAR OLD WAS A PRIVATE PURCHASE AND TRANSFERRED TO TODD AT PALM BEACH DOWNS TODAY
!!!!!!!!! CAN LIGHTNING STRIKE TWICE !!!!!!!!!
!!!!!!!!!! :eek: THE DERBY TRAIL IS HEATING UP !!!!!!!!!

You might want to think about limiting yourself to only three cups of coffee each morning.

good for them its the right time to have an ok horse ...and sell them for big bucks..

hope its not a BLUE GRASS RAT..ER CAT.

Padua.. 80%.

Welcome to the board cherokee42.
It looks like we can expect to see a lot of.....let's say.....ENTHUSIASM from you.

Very disheartening for Helen Pitts who is very upset. What exactly was David Randal's need to sell this colt? The guy is a multi-millionaire with a big operation. And since when is Pletcher a 'go to' guy for Satish Sanan? Cannot believe Randal, who apparently retains 20%, would not insist Face the Cat stay with Pitts. Just disgusting. Makes it hard to root for any horse when they are snatched up by the greedy and glory-desperate.

save war emblem when does this stuff work out...

Tnteresting to note tat IAEH while purchasing Pure Clan will retain Bob Holthus as trainer aompared to this horse being transferred from Pitts. She is no Jamie Sanders.

Curlin?

touche~

come on steve...it's a business, and this guy is treating it as one....who cares what the owner is worth? sell them when the perceived value is at its height. I feel bad that Helen Pitts has lost another good colt, but if you own 20% you don't exactly get to insist on anything (unless it was put into the contract ahead of time).

and let me ask you this? if the horse had been with pletcher and bought and sent to Pitts would you be this outraged? my guess is no, because you like one and don't like the other.

I'm not outraged exactly.. just bothered by this troublesome trend. The Randal's have two dozen broodmares and farms in KY and CA. They've had some nice horses and for all they know, this could be as nice a horse as they've ever had. (Brother is the good Bear Character). I don't understand why they would be so compelled to sell. Why are they in the game? They have a homebred like this and Helen brings him along and they sell out?

But hey, I didn't understand Tafel's need to sell Street Sense or Porter's need to sell Hard Spun either... None of the parties referenced 'need' the money... I guess my sensibilities are just akilter.

Ah, Curlin was Horse of the Year. I'd say that worked out. I feel bad for Helen. She does a good job and now has a second nice colt whipped away. Tood is shallow this year. He has Monba and a grasser in Cowboy Cal but Check it Twice has gone wrong and is unlikely to make the ig day.

Most of the "sell" reasons fall under the guise of "it's business" (sure, there are variations, deviations, etc.). Some do it to "take money off the table" and that too is just "it's business" so to speak.

Same with WinStar. You do have multi-millionaires, multi-8 digit people, even 9 -- some do sell, some don't. It's a dynamic one cannot truly undersatand from afar, or even up close -- not unless you are truly in it.

As far as the Pitts/Pletcher aspect, Pletcher has been getting more and more support from Sanan (when he's flying solo). Regardless, who knows what went on behind the scenes. Whatever it is, it absolutely is disheartening.

Eric

I get a feeling if Helen was a Hal then this wouldn't have happened two years in a row.

Anyone have a link?

Perhaps Mr Randal is a multi-millionaire because he has made sound business decisions in the past. Steve, the guy still keeps 20 pts and takes down a pay. I have no idea of the guys net worth but it is certainly never a bad idea to go south with a few chips and come back to the game with less exposure, we are talking about TB horses right?

If Ms. Pitts is a pro then she understands this is all part of the game that she has elected to make her living at. Wouldn't you think that she received some compensation from Randal as well from the sale?

Very well put.... Indeed

what do you mean about these two? Isn't the natural progression for non-stud farm owners to sell their would be studs to stud farms?

not to speak for steve but I think he means that in selling, it ensured that they would NOT race beyond the 3 year old season.

very well put. I'm not sure of the purchase price, but the fact is there is a better chance that he will never earn as much in races that he was sold for.

Perhaps the IRS is pre taxing a horses worth and advising people that tax is due on the animals est. market value. The Fn IRS made (not that he wouldn't have) the guy who caught the Bonds HR ball sell it so they could collect revenue which to me is beyond crimnal. Maybe they are coming to owners and saying Hard Spun is worth 30 mil we want are 20% if you sell him or race him? Shti if the poor shnook catching a ball gets a call from the IRS then maybe these idiots are pretaxing Classic winners onwners now?

I love when Thebby speaks for me because it ensures that I'll be right.

FTFY.

are you suggesting that I am not all knowing?

Are you trying to get my ire up?

is it working?

sorry, I'm a little slow this morning....didn't get the joke

Oh yeah.....I'm literally frothing at the mouth.

With the comedy of these steroid hearings it's impossible not to be in a constant state of hysteria. Clemens just invoked his upbringing by " strong women. " Honestly, does it get any better than this?

Wait....it does. He didn't have a car in High School!

Peace Rules ?

Discreet Cat

There would have to be an awfully large amount of money to get me to partner with Satish and I am far from wealthy. I know one such person that gave me this advise after he took a nice chunk of money for a horse and went partners with SS. Regretted every dime.

Kip Deville, You, Medaglia d'Oro, Benny the Bull

OK, basically every good horse owned by either Edmund Gann or IEAH.

NT

I believe that hooves point was Derby related, though I hate to speak for him

Yes, idiot I am.

I suppose I should re-phrase in saying only Medaglia d'Oro.

NT

ALSO SWIPE DOLLASE SOPH...

T-TIMES:
Behindatthebar won a seven-furlong maiden race on February 2 at Santa Anita Park in his second start for trainer Craig Dollase and owners Michael Shustek and Don Stanley.

The Forest Wildcat colt out of Rhiana, by Runaway Groom, will be based with Pletcher’s Southern California division at Hollywood Park.

His maiden win was impressive. Im sure they got soome nice cash for this one.Pletchers really on a buying spree. Must be nice to have all that cash flow to buy horses that are fit and ready to run...

And I wonder who will get the 10 2YOs that Padua bought at the recent Ocala sale for over $2 million?

I can understand or justify selling now as the odds that any colt will make the Derby are pretty long and cash in hand often beats illusions of glory.
It's less understandable when a super wealthy person like Mr Tafel sells a colt for stud as early as SS was sold. However, I've never been in that position.
A friend of mine spoke to Tafel at Saratoga about selling SS. Mr Tafel is obviously very wealthy and as a man in his 80's he probably cannot spend it all. However, the sale of a horse like SS can mean that his children and their children can be "set for life." (I tend to feel that the wealthy ruin alot of kids by providing everything for them, but that is not part of the discussion.)
It could allow him to set up a charitable foundation for something about whcih he cares and which would exist long after his passing.
While I think that the game is hurt by the sale of talented young horses with so much left to prove, I cannot begrudge any individual who can foresee a host of options for themselves and their family with the big payday.
Funny thing is that one of the most "hated" sets of owners in my lifetime was the "Slew Crew" and yet they never sold him and even went out and bought mares to support him.

I tend to agree with you on this, as they were determined to race him even though he almost died early in his 4YO year, but I'm not sure half of him wasn't sold, at least for breeding, during that season. At the very least I'm virtually certain he was technically on the market.

I do agree with the rest of your post that we all tend to overlook the bigger picture. Frankly, there is a very reasonable chance that someone like Tafel could, and does, put at least some of the money from that sale to much better use than having Street Sense make a handful of starts this year.