Financially embattled mining magnate Nathan Tinkler has been forced to sell his number one colt All Too Hard, the half-brother of super mare Black Caviar sold to Vinery Stud on Saturday.
New connections paid $25 million in a package deal that included three-year-old Casino Prince colt All Too Hard, stallion Onemorenomore who was a Group 1 winner in their juvenile season and a Patinack Farm property in the Hunter Valley at Aberdeen.
Tinkler paid a hefty $1,025,000 for All Too Hard as a yearling at the William Inglis and Son Australian Easter Sales in April last year outbidding Vinery Study part-owner Neil Werrett who also races the world’s best mare and All Too Hard’s older half-sister Black Caviar.
Werrett, who owns the racing operation in partnership with retail mogul Gerry Harvey, however is now the proud owner of the horse who will race on under current trainers Michael, Wayne & John Hawkes next year.
“I’m thrilled to be involved in such an exciting colt from both a racing and breeding point of view,” Werrett said.
“Obviously the connection with Black Caviar makes it even more special and it’s great to finally get a hold of him.
“We have been negotiating to purchase All Too Hard for the past couple of days and only just completed the deal.
“All Too Hard with stay with John Hawkes (and his sons) and will continue to race next year.
“We are putting a syndicate together to race the colt.”
That syndicate now has only five shares left available with plenty of interest already around for an investment in both the horse’s racing and breeding future.
“We’ve had a lot of people wanting to get involved in him so we are going to sell 10% of him to both race as well as have an interest in him while he stands at stud,” Werrett said.
“We’ve already had interest from one other major stud as well as individual breeders.
“At the moment we’ve got five shares left.”
Vinery Stud general manager Peter Orton was also excited about the deal and was confident the colt would turn out to be a very valuable asset for the thoroughbred operation.
“We have been negotiating this deal for the past six months as we always believed All Too Hard was one of the most exciting stallion prospects we have seen for many years,” Orton said.
To date All Too Hard has had nine starts for four wins, the most notable of which was the Group 1 Caulfield Guineas (1600m) in October this year.
They also boast two Group 1 minor placings when second to Gai Waterhouse’s boom colt Pierro in the Inglis Sires Produce Stakes in Sydney as a two-year-old back in April, and most recently a brave second when defeated only quarter of a length by Ocean Park in the prestigious Cox Plate (2040m) at Moonee Valley on October 27.
While the upcoming autumn carnival riches are the main targets, Werrett said they would also consider an international campaign with All Too Hard in 2013 to try to add to his already huge value at stud once retired.
“We need to speak with John Hawkes about that before we finalise any plans for All Too Hard’s autumn campaign,” Werrett said.
“We do want to shuttle All Too Hard when he does go to stud so we will be looking for an overseas stud for him to stand in the future.”
Losing All Too Hard may have been a blow to Tinkler but the news wasn’t all bad for Patinack Farm who will retain the right to service some of their mares with the champ once he retires.
“While it is disappointing to sell All Too Hard, we have retained an opportunity for him to service some of our mares and naturally, the more success he enjoys on the track and in breeding, the further he will enhance the reputation of his sire, Patinack’s Casino Prince,” Patinack Farm spokesman Troy Palmer said.
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