Newgate buys into Capitalist colt Profiteer
Odds-on Inglis Millennium (RL, 1200m) favourite Profiteer will have a new majority owner when the Capitalist (Written Tycoon) colt runs in Saturday’s $2 million juvenile race after Newgate Farm negotiated a deal to buy into the son of its promising Golden Slipper-winning sire.
Newgate Farm managing director Henry Field announced late yesterday that the Hunter Valley operation had agreed to terms with Roll The Dice Racing to buy a controlling interest in the Mick Price and Mick Kent Jr-trained colt.
Profiteer, currently $1.90 to win the Millennium with TAB, was a dominant winner on debut at Flemington on December 12 which led to immediate Blue Diamond Stakes (Gr 1, 1200m) and Slipper plans being put in place for the colt.
Field indicated Profiteer’s visually impressive first start was backed up by the clock and ratings figures, which prompted he and his partners to swoop on the colt.
“We have bought into Profiteer on a very similar deal structure to what we did when we purchased a stake in Extreme Choice prior to his Blue Diamond coupe,” Field said.
“Leading form analyst Daniel O’Sullivan, who we work very closely with, was the reason we purchased a stake in Extreme Choice at an early stage and he was very encouraging of us to do the same with Profiteer.
“We are currently in the process of syndicating Profiteer amongst many of the country’s leading bloodstock investors with a small amount left to place which we will finalise early this week.”
Profiteer is expected to return to Melbourne after Saturday’s Millennium at Randwick for a tilt at the Blue Diamond. The Golden Slipper is also strongly on the radar of connections.
“We are rapt to be partnering with Newgate in the ownership of Profiteer,” Roll the Dice Racing director Leigh Saville said.
“It’s been a pleasure dealing with Henry Field and the team, and we look forward to growing this relationship. Profiteer was born and raised at Newgate, and it will be great to see him return home to join some of Australia’s best stallions.”
Capitalist is already the sire of four first crop two-year-old winners and has five stakes horses to date, including the promising Forbes, Gleneagles and Karaka Million (RL, 1200m) runner-up Sneaky Shark, while Newgate is also home to Extreme Choice (Not A Single Doubt) and another former Price-trained Group 1-winning sprinter in Flying Artie (Artie Schiller) who equally have made promising starts to their stud careers.
Profiteer, meanwhile, is the first named foal out of the two-year-old-winning, Group 3-placed mare Athena Lass (Snitzel) who is a three-quarter sister to dual Group 3 winner Sweet Redemption and a half-sister to two-year-old Gibson Carmichael Stakes (Listed, 1600m) winner Euryale (Lonhro).
Identified by Jeremy Rogers and Roll The Dice when they paid $165,000 for him at the 2020 Inglis Classic Yearling Sale, Profiteer is also from the same family as dual two-year-old stakes winner Unite And Conquer (Hinchinbrook), who stands at Newgate Farm shareholder Matthew Sandblom’s Kingstar Farm.
Newgate late last year also bought into Group 1-placed three-year-old Brazen Beau (I Am Invincible) colt North Pacific whose autumn return for Michael, Wayne and John Hawkes is imminent after a pleasing barrier trial win at Rosehill last Wednesday.
Price and Kent Jr also recently sold a share in another talented two-year-old colt Extreme Warrior (Extreme Choice) to Rosemont Stud.
Extreme Warrior, who was runner-up in the Debutant Stakes (Listed, 1000m) in October, ran another second in Tuesday’s Blue Diamond Preview (C&G) (Listed, 1000m) at Caulfield.