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Freedman $1m Plan To Buy Northern Stayers

Monday, 13th October 2008

Leading Australian trainer Lee Freedman "is looking for a $1 million bankroll to buy northern hemisphere horses that can win the spring staying feature races in 2009," reported The Australian newspaper. Freedman "intends to splurge at the (UK Tattersalls) Newmarket horses-in-training sale later this month on specifically credentialed, tried horses" according to a prospectus which states "$750,000 to $1 million needs to be raised to buy 6-10 horses". The prospectus notes: "We intend to have our purchases arrive at Markdel (Freedman's Victorian training base at Rye) towards the end of December & spell until the beginning of February. This transition period will allow them plenty of time to adapt to the climate & shed their winter coats. A short prep of racing in April-May will allow us to get to know each horse's idiosyncrasies & offer us the opportunity to spell during the worst of winter's months before beginning a spring preparation." The brochure notes many of the big operations such as Darley, Coolmore & Shadwell "are producing such huge quantities of well-bred racehorses that there is an on-going need to turn over horses to make space for the following crop of youngsters"; poor prize-money "in the UK relative to training fees, is also offered as a reason why owners cash-in on progressive horses at this sale".

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