Page 38 - The Game August 2006
P. 38

38 The Game, August 2006 Your Thoroughbred Racing Community Newspaper
Quiet Cash to Stand At Stud In 2007
By Jackie Humber
Trainer Terry Jordan and Owner Bob Cheema have confirmed that 2006 will be the final season of racing for their Champion racehorse Quiet Cash. He will enter the stud barn in 2007. "Cash is definitely the best horse I have ever trained. He is a very
everyday,"said Cheema.
This season Quiet Cash has had
victories in both the George Royale Stakes and the Johnny Longden 6000 and the same rider, Chad Hoverson, has been aboard for all his victories. "Chad rode him in the Derby and he was loyal to us, so we
nice horse and Bob Cheema is a very good owner to train for. He is a very good friend and he makes my job of training a lot easier," said Jordan. Quiet Cash is one of the most successful sons of 1998 Kentucky Derby and Preakness winner, Real Quiet. He is out of Queen of Money by Corporate Report. As of June 15, 2006 Quiet Cash's record is 20 starts with 8wins, 4 seconds and 2 thirds with career earnings of $327,101. "I
believe he deserves to be a stud and that's what we've decided," said Cheema. "I leave all the decisions up to Terry. I just hope to pass our record of 37% wins from last season," said Cheema.
Quiet Cash was
originally claimed in
California in 2004 for
$32,000 from
American Trainer
Bob Baffert. Cheema
was glancing through
the Racing Form one
afternoon and Quiet
Cash just seemed to
"pop" out at him.
"Well I asked a trainer
friend about him and
he advised me not to
claim him, but I
decided to claim anyway. I liked his form," said Cheema.
Both Cheema and Jordan had hoped that Quiet Cash would be a contender for the 2004 B.C. Derby but after a far back finish in the race Jordan turned him out for the remainder of the season. In 2005 Quiet Cash proved he was well worth his $32,000 tag when he became Older Horse of the Year and
Champion Sprinter. Cheema still grins from ear to ear when he recalls the top honors of Quiet Cash "I have so many trophies from this guy and I keep all my trophies in my bedroom so I can see them
are loyal to him. He rides all my horses," stated Cheema. Jordan also credits Hoverson with the successes of Quiet Cash. "Well he is a very capable rider. I have good people working with me and Chad is definitely a big part of the team, along with my grooms and gallop people," said Jordan.
After winning the Johnny Longden 6000, Hoverson agreed the victory was a team effort.
"Quiet Cash is a very nice horse and any time I have ever ridden him Terry Jordan has that horse as good as he can be. Cheema is as good to me as any owner can be and Rio (Bryan O'Rierdon) who gallops him every morning does an excellent job. He is a very laid back horse but he is quick," insists Hoverson.
The future plans for Quiet Cash will be to race in the Longacres Mile on August 20. "That's our plans right now. If Cash is O.K. he will go," said Jordan. Cheema has left the decision on where to
stand Quiet Cash up to Jordan. "Well I spoke with Ben Ternes and he said he is happy to take Quiet Cash. We will syndi- cate him but I'm not sure of the fee just yet. It depends on the market," said Jordan.
The Longacres Mile will be held on August 20 at Emerald Downs and a victory would be a fitting end for such a deserving Champion.
Editor’s Note: Quiet Cash was most recently the winner of the City of Edmonton Championship Handicap at Northlands Park on July 29 for $50,000 with jockey Quincy Welch in the irons.
Quiet Cash on the outside passing Bull Ranch during the stretch run of the Johnny Longden 6000.
Chad Hoverson immediately following his victory
"The Dream Team"
(front row from left):
owner Bob Cheema, Quiet Cash, head groom Milton, galloper Rio, asst. trainer Sam DelaRosa, trainer Terry Jordan and jockey Chad Hoverson. (second row from left): grooms Raymond and Jose.
CTHS - Ontario Division Announces Innovative Plan For Perspective Thoroughbred Owners
By Brian R. Johnston
The Ontario Division of the Canadian Thoroughbred Horse Society is pleased to announce the introduction of an exciting and innovative New Owners Syndicate Program, just in time for this falls' Yearling Sales.
It is only fitting that the CTHS initiate this program that has been assembled to encourage new owner investment in the Thoroughbred Racing and Breeding Industry of Ontario.
The program will make it easy for neophyte owners to enter the industry with the guidance and support of an experienced and committed management team, to ensure that perspective new owners receive the maximum return on their investment.
The plan offers much more return than a sound base, which will not be measured purely on financial gain. Education, understanding, experiencing and exploring the world of the Thoroughbred Industry in a positive and embracing environment is paramount and the mentorship program ensures that investors and new owners will be part of a seasoned team. While acquiring the knowledge and learning the ropes, this plan is intent on assisting, wherever possible, in protecting new owners from of the pitfalls that are some- times associated with the new ownership of thoroughbreds.
As an association that represents the breeders of Ontario, the CTHS will encourage owners to participate in the purchase of an Ontario Bred yearling, but at the same time, in order to gain a more immediate entry into the world of Thoroughbred Racing, the program will also include a provision whereby each new investor will gain a racing prospect by way of claim. The CTHS believes that the new participants will be encouraged further to participate, by being part of more immediate action in addition to the thrill of developing a young, untried and potential superstar.
The CTHS of Ontario feels that new owners will be enticed further by this more comfortable, group purchase opportunity, rather than going it alone.
The program is designed to sell a 10% share in a racing syndicate for a cost of $ 10,000 (subject to GST). Each syndicate shall have a total of 10 stakeholders, holding 10% interest or one unit each. In each syndicate, there shall be nine "new" owners as well as one "mentor" or "racing manager" that shall be responsible for the management and racing decisions on behalf of the syndicate. The mentor shall also be responsible to introduce and educate the new investors in the exciting world of Thoroughbred Racing.
Each syndicate will start accordingly with a start-up capitalization of $100,000 and it is the goal of the CTHS for 2006 to form three new such syndicates, thus delivering 27 new owners into the
industry. While the exact make-up of the horses acquired will fall under the dis- cretion of the mentor of each syndicate, the program requires that each new syn- dicate shall purchase one yearling at the CTHS Ontario September yearling Sales at Woodbine. In addition the plan also calls for each syndicate to also acquire one horse by way of claim and to bank the bal- ance of the start-up capital for operating expenses. All final decisions shall be left to the discretion of the mentor, who shall be known as the syndicate manager. The intent is that the investment shall be self-sustaining once fully capitalized as such, shall not require further investment by the stakeholders.
As with any investment, new investors must be aware that by its' nature, the Thoroughbred Industry is volatile, yet the potential emotional and financial highs and rewards are endless.
It is extremely exciting that perspective new owners will be able to get involved originally, with an investment of only $10,000, gain insight and knowledge from qualified Racing Managers and experience the thrill of the Thoroughbred Industry, first hand.
The CTHS will serve as the initial administrator of the program to ensure an orderly and successful launch.
"More than ever, it pays to buy, breed and race in Ontario" says Tim Orlando, Board Member of the CTHS of Ontario. "One of our main priorities right now is to attract and educate new investors to the opportunities available to them in our industry" Orlando went on to say.
Most Thoroughbred Racing fans in Ontario are aware of the opportunity for a positive ROI has never been better than now for Ontario Thoroughbred Owners. The positive impact of both slot machines at racetracks and the $ 10,000,000 Thoroughbred Improvement Program administered by the Ontario Division of the CTHS have created purse pools approximately 200% greater than what was available 10 years ago.
The Industry is full of positive opportunity and financial rewards but has attracted only a limited number of new investors in the last decade for a number of reasons, not the least of which is the difficulty that new investors have found to grasp and understand the business.
This innovative plan now speaks directly to these past difficulties. The plan is structured to create a positive and conservative means for the new investors, many of whom will go on to larger and more personally independent investments within the industry at a later date with solid knowledge and experiences behind them.
The CTHS of Ontario continues through insight and strong management to support and promote Thoroughbred Racing, the Breeding Industry and Thoroughbred Ownership by its leadership.
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