Significant Support
8/20/09 Update: Much, much more on the Saratoga numbers, from Steve Zorn. “The Saratoga sale’s success masks some serious problems, and does nothing to address the weakness in the thoroughbred industry.”
How much did Sheikh Mohammed and the Maktoum family support the recently concluded Fasig-Tipton Saratoga select sale? By quite a bit more than acknowledged, according to Bill Oppenheim’s estimate in today’s TDN:
While no one seems to want to admit it publicly (they buy for “unnamed principals who don’t want to be identified,” or some such doubletalk), everybody knows a number of European trainers and agents are employed to sign for horses which end up racing for Maktoum entities. My entirely unofficial and unverifiable estimate is that seven other agents or trainers were signing tickets on their behalves, and their actual purchases consisted of about 37 yearlings totaling around $20.5 million in sales. That would represent 18 percent of the horses sent through the ring, and 39 percent of the money spent. I’ll bet that closer to the truth.
Savvy sellers plan for the future.
