Micropartnership steady MyRacehorse introduced this week to the shareholders in Preakness Stakes (G1) winner Seize the Gray it had offered the breeding rights for the son of Arrogate to Gainesway, a deal the farm confirmed to BloodHorse July 10.
“Over the previous couple of months we have now had plenty of stallion farms attain out to inquire about Seize the Gray,” the MyRacehorse announcement said. “Profitable the Pat Day Mile and the Preakness within the span of two weeks actually stamped him as a reliable stallion prospect. Though his effort within the Belmont was a bit disappointing, it didn’t appear to minimize the curiosity from the stud farms. We’ve been in discussions with a number of stud farms and, as of simply minutes in the past, signed an settlement with Gainesway Farm. It’s a deal that may very well be value over $12 million if Seize the Gray earns the kickers, or efficiency bonuses, obtainable to us. We did need the chance to remain in on his stallion profession, so we have now retained 10% fairness in his breeding.”
Gainesway basic supervisor Brian Graves stated the farm was excited so as to add Seize the Gray to its roster.
“Arrogate was reduce out to be a prime sire, and we’re excited to have considered one of his finest sons stand at Gainesway,” he stated. “His pace and beauty ought to show to be very talked-about with breeders.”
Seize the Gray was bred in Kentucky by Audie Otto’s Jamm, out of her homebred stakes-placed mare Good Procuring (by Good Strike). Good Procuring is out of the stakes winner Store Once more (Wild Once more), making her a half sister to 2012 FrontRunner Stakes (G1) winner Energy Dealer (Pulpit) and stakes winner Fierce Boots (Tiznow ). Store Once more is a half sister to 2007 Private Ensign Stakes (G1) winner Miss Store.
Based on MyRacehorse the deal has a $3.5 million base worth with further added-value milestones, generally identified in stallion contracts as “kickers.” The ultimate worth of the breeding rights may enhance by $3 million if Seize the Gray wins the Travers Stakes (G1) and one other $4 million if he wins the Breeders’ Cup Traditional (G1). If the colt wins one other grade 1 stakes aside from the Travers or Traditional, then his worth goes up $2 million and may he earn honors because the yr’s Eclipse champion 3-year-old male, that achievement is value $1 million.
“Seize the Gray has the whole lot to be a profitable stallion, together with the pedigree, the bodily, and the on-track accomplishments,” stated Michael Behrens, CEO and founding father of MyRacehorse. “We needed to ensure he was at a farm and with a group that gave him each likelihood to thrive as a stallion and that is precisely what we get with Antony Beck, Brian Graves, and your entire group at Gainesway.”
Behrens famous that extra specifics and particulars are nonetheless to be introduced however emphasised three vital factors to shareholders:
- MyRacehorse solely offered his breeding rights, not his racing rights, which suggests the horse doesn’t switch to Gainesway till his racing profession is over. MyRacehorse did comply with sure circumstances as to when that racing profession ends, and the breeding profession begins, and can share particulars within the coming days.
- MyRacehorse determined to promote 90% of Seize the Gray’s breeding rights and can be staying in for 10% to permit for some further monetary upside, assist the brand new stallion with mares, and “go on what we predict can be an unbelievable journey with Seize the Gray’s second profession,” stated Behrens.
- The inspection course of was finalized (July 9) and has been deemed passable and the invoice of sale was then executed. A fee of $3,150,000 (90% of base buy worth) is to be transferred July 20. MyRacehorse could have a shareholder distribution ready and delivered by no later than July 29.
After MyRacehorse bought Seize the Gray for $300,000 at Fasig-Tipton’s 2022 The Saratoga Sale, its boutique choose yearling sale in New York, the colt was provided on the MyRacehorse app for $127 per share for 0.02% fairness. Based on Behrens, Seize the Gray raced within the Preakness on behalf of two,570 shareholders.
Seize the Gray, educated by Corridor of Famer D. Wayne Lukas, has compiled a 4-0-3 file from 11 begins up to now and earned $1,839,938.
Based on Lukas, Seize The Gray might have his finest races in entrance of him. “He simply retains getting stronger and higher, and I’m anticipating an enormous second half of the yr,” stated Lukas. “I actually consider his finest races are but to return.”
The late Arrogate at the moment has only one son standing at stud in Kentucky, Arcangelo, who stands at Lane’s Finish close to Versailles, Ky.
