“Sometimes it’s the breaks you don’t get that turn out to matter most.
Take the case of Grand Prix. Her breeder, Hank Nothhaft, took her to the Keeneland September Yearling Sale in 2015, expecting to leave with more money but one less horse than he brought.
He set her reserve at $150,000. Bidding topped out at $145,000. No sale.
The sophomore is slated to make her next start in the Grade 3, $300,000 Charles Town Oaks September 23. The seven-furlong fixture tops the track’s “Race for the Ribbon” card.
“If you get into racing and you have a little moxie and a little luck, these horses can take you anywhere,” Nothhaft said. “It’s amazing.”
Grand Prix began her career in the California-based barn of Gary Mandella. It took her four tries to break her maiden, finally scoring on the synthetic at Golden Gate. She followed that up with a game second – beaten just a nose – in the $50,000 Golden Gate Debutante Stakes.
But for the most part, her West Coast exertions didn’t yield much benefit – just the single win in her first nine starts.
Though Nothhaft, a retired tech entrepreneur, lives in Northern California, he’s a Pennsylvania-bred, as is Grand Prix. So he decided to send the filly back East; though Mandella remains the trainer of record, Grand Prix now operates out of Keith Nations’ Parx Racing barn.
“To be a breeder and an owner to run in Pennsylvania, it’s so much better than the negligible program we have in California,” Nothhaft said.
And Grand Prix has taken advantage of that rich program. She won the state-restricted New Start Stakes at Penn National on the Penn Mile undercard, followed up with a win and a second in allowance company, and last out scored by a length-and-a-half in the $100,000 Dr. Teresa Garofalo Memorial Stakes at Parx Racing, also a state-restricted event.
She has three wins and a second from four starts since coming east.
“All in all, she’s very consistent, fires each time, and seems to be improving,” her owner and breeder said.
In the Garofalo, Grand Prix took on older rivals, besting a field that included salty runners like the multiple stakes winners Power of Snunner and Discreet Senorita.
Still, Nothhaft acknowledges that the water figures to be deeper in the Oaks. The race has drawn 52 nominations. Among the expected runners is Shimmering Aspen, the Rodney Jenkins-trained filly who has dominated at sprint distances at Laurel Park this season.
“I think there’ll be some really nice fillies there,” Nothhaft admitted. “I think it’ll end up being a very interesting race. We would be very happy if she finished in the top three.”
To that end, Nothhaft and his trainers have developed what he called “a detailed plan” to help her acclimate to the surroundings at Charles Town, a place neither she nor Nothhaft has ever raced. She’ll ship in a few days ahead of the race and get a chance to gallop over the track a time or two prior to race day.
“If you’re going to go through all of the trouble of going, you want to make sure you do everything you can to give her a chance,” Nothhaft explained.
Nothhaft also intends to stick with jockey Jose Ferrer, who rode Grand Prix to victory in the Garofalo Memorial.
“First, he gave her a great ride that day,” Nothhaft said by way of explanation. “Second, he’s won (almost 4,200) races.”
For the longer term, Nothhaft hopes to race her through her five-year-old season. After that he intends to breed her. He has, he said, “no intention” of selling her despite her rising value.
Nothhaft has been involved in racing since 2008. He’s bred some good horses. He’s owned some good horses. He’s also slogged through all the ways that the sport can fool or foil you. He knows what sort of opportunity is there for Grand Prix.
“You really need these successes to get you over those valleys of despair,” he said. “For Grand Prix, this is our Breeders’ Cup.” “
In his fourth start of 2017, Mister Nofty, a PA_BRED, returned to his 2016 form, winning an open 1 mile 70 yard Allowance Race at Penn National going wire to wire unchallenged. Given a field of seven that included no other early speed, Mister Nofty ran free to the lead under the guidance of his regular rider Brian Pedroza and maintained it during the duration of the race.
Trainer Keith Nation, looking for a turf race for Mister Nofty, entered this race with not turf options in sight. Mister Nofty continued his front running style and was able to overcome a reasonably talented field in this open allowance non winners other than 2. This is Mister Nofty’s first strong outing since sustaining minor leg and hoof injuries during the Presque Isle Mile last September.
Mister Nofty came out of this race 100% and will be looking to build on this race. HnR is looking at all options, dirt or turf.
Mister Nofty is an HnR homebred colt, foaled at Northview Stallions, by Scat Daddy out of Walking Path by Bernardini. Hank Nothhaft worked with bloodstock agent Carl McEntee of Darby Dan Farm, to develop the breeding plan that produced Mister Nofty. He trained at Webb Carroll before starting his racing career.
The Pennsylvania Horse Breeders Association (PHBA) hosted Its’ 38th Annual Iroquois Awards Banquet on June 9 at The Hershey Hotel. PHBA members, the board of directors, and top Pennsylvania breeders and owners were present for a great night of dinner, cocktails, and conversation.
Brian Sanfratello, Executive Director of the PHBA, served as Master of Ceremonies for the gala evening. Roger Legg PHBA President offered his greetings and welcome to the assembled group, while the Honorable Russell Redding, Secretary of Pennsylvania Department of Agriculture provided insightful comments on the current status and support by PA for the thoroughbred industry.
Henry “Hank” Nothhaft provided the Keynote address describing his journey to breeding Finest City, one of four, and the first PABRED Breeders’ Cup Champion in 24 years, and Eclipse Award Winner as Best Female Sprinter.
Click on the link below for the full script of Hank Nothhaft Keynote.
City Envy (AKA Finest City) and Hank Nothhaft Keeneland November 2012
By Nikki Sherman
Originally published in PHBA February, 2017 Newsletter published in Mid-Atlantic Thoroughbred Magazine
Photos HnR Nothhaft Media Library
Other than the Kentucky Derby, winning a Breeders’ Cup World Thoroughbred Championship race is the dream of every breeder in the United States. It often takes decades-if it happens at all-to reach that pinnacle, but for Henry “Hank” Nothhaft, it took just a few years.
“I have not been involved in horse racing very long, “ Nothhaft admits. “I became directly involved in a very limited way around 2008, with the idea to create a business I could run and enjoy while I was moving into retirement from my business career in the technology world.”
Nothhaft, who breeds and races under the name HnR Nothhaft Horseracing LLC, wanted to go through a hands-on learning experience in the Thoroughbred industry and was able to purchase the promising young stallion, Silver Train, in 2011. That November, he and agent Carl McEntee attended the Keeneland November mixed sale to look for mares that would cross well with the son of Old Trieste. There, they found a Lemon Drop Kid mare named Be Envied, who was in foal to the popular sprint stallion City Zip. Nothhaft purchased Be Envied for $37,000 and shipped her to Northview PA in Peach Bottom to foal. That foal was a lovely chestnut filly he decided to name City Envy.
The filly was entered in the 2012 Keeneland November sale as a weanling after colleagues convinced him that she should easily bring $150,000. However, early interest in City Envy, who Nothhaft had named before his decision to sell came about, fizzled out when on-site veterinary inspections discovered an existing OCD on X-rays. She just barely met her reserve of $50,000, selling for that price to Cobra Farm, who in turn pinhooked her at the Keeneland September Yearling Sale in 2013. Seltzer Thoroughbreds purchased the filly for $85,000 and the father-son team of Wayne and Tyler Seltzer decided to rename her Finest City after their hometown of San Diego.
“She was a knockout from day one” remembers Nothhaft. “Unfortunately, that’s one of the reasons I decided to sell her, as I thought we were going to be able get six figures for her and I was focused on building a broodmare band for Silver Train to race in Pennsylvania. She was one of the first two or three PA-BRED horses I bred and was the first horse I bred who sold commercially at auction.”
The Seltzers’ trainer Ian Kruljac clearly had great hopes for their new filly from the beginning, as Finest City made her career debut at the prestigious Del Mar summer meet in July of 2015. The filly finished a solid second behind eventual graded stakes winner Gloryzapper. Her next start would be a different story-Finest City ran off to an impressive 8 ½ length score in a $70,000 maiden special weight at Del Mar. After an unsuccessful stakes debut over Santa Anita’s downhill turf course in her next start, Finest City returned to the winner’s circle with an easy 3 ¼ length score in a $53,000 allowance at Del Mar.
Finest City competed against some of the top female sprinters on the West Coast throughout the winter of 2015-16, and by April she finally broke through becoming a stakes winner when she captured the $200,000 Great Lady M Stakes-G2 at Los Alamitos. That race earned Finest City a chance to compete in the Breeders’ Cup, where she nearly faced off against Nothhaft’s own multiple graded stakes winner, millionaire Living the Life (IRE).
Living the Life (IRE) Flavian Prat up
“We originally had fairly elaborate plans to attend the Breeders’ Cup, but when Living the Life came up lame before the race, I canceled our reservations. I came to regret this decision,” Nothhaft admits. “So, my wife and I were glued to our TV watching the race. I must be honest, I thought Finest City could win, but was really more confident in a top-three finish. When she did win, we were cheering and literally jumping for joy. Within seconds, my cell phone exploded with texts and calls beyond anything we had ever experienced.”
On the first Saturday of November 2016, Finest City joined an elite group of just three other PA-Breds who have captured a Breeders’ Cup Race when she crossed the wire first in the $1,000,000 Breeders’ Cup Filly and Mare Sprint G1, holding off defending champion Wavell Avenue by three-quarters of a length under heavy urging from Hall of Fame Jockey Mike Smith.
Those other Breeders’ Cup-winning PA-Breds are some of the most talented athletes to grace the Breeders’ Cup. Alphabet Soup won the 1996 Classic in a thrilling stretch battle with Louis Quatorze and Cigar. Go For Wand captured the 1989 Juvenile Fillies as part of a campaign that culminated in her being crowned that year’s Eclipse Award champion 2 year-old filly, and Tikkanen, wh set a couse record at Churchill Downs in the 1994 Breeders’ Cup turf.
Finest City enjoyed a short break following the biggest race of her life, but has since returned to Kruljac’s Santa Anita Barn. She is steadily working towards a 2017 campaign that would ideally give her the opportunity to defend her Breeders’ Cup title, this time in her owners’ hometown of San Diego at her favorite track, Del Mar.
Finest City making her winning Breeders’ Cup move with Mike Smith up
She was also named a finalist for the 2016 Champion Female Sprinter, along with Haveyougoneaway and Paulasilverlining-both whom finished behind Finest City in the Breeders’ Cup.
Win or lose, nothing will compare to the thrill of winning a Breeders’ Cup race. Tyler Seltzer said it best when the NBC Sports camera crew caught up with him immediately following the Breeders’ Cup Filly and Mare Sprint. The excitement was overwhelming, and all he could think to say was an emphatic, “She’s pretty great.”
Kindle a MSW/MGSP mare by Indian Charlie o/o Carson’s Vanity by Carson City had her first foal on January 26, 2016 @Darby Dan Farm in Lexington, KY. Kindle is short in stature, very muscular and always gave 100% during her racing career for HnR Nothhaft Horseracing. She ran a career best Beyer Number of 100 winning the Cool Air Stakes. Our high level goal in breeding to Tiznow was to get a horse with a combination of Tiznow size, durability and stamina with Kindle speed and muscularity. Ideally this foal would grow into a miler plus with exceptional tactical speed. We are a long ways off from knowing whether our objectives will be achieved, but so far we like what we see.
Made in America (KY) by Tiznow o/o Kindle @Darby Dan Farm
We have decided to keep Kindle 16 to race. As a result, we have named him Made in America (KY). As a January yearling, he stands nearly 15 hands which makes him almost as tall as Kindle. He weighs around 980 pounds which makes him large for his age. His conformation is excellent and he is well balanced and a nice frame to grow into. We are counting the days until we can move to the next step and start Made in America’s initial training.
The other days we are counting are the days until Kindle has her second foal. She is in foal to American Pharoah with a colt expected in the next two weeks or so. We are hoping this foal will have the same excellent confirmation that Made in America enjoys. If he does, we will likely put this colt up for sale in one of the weanling auctions at the end of the year.
Finally, to give Kindle every chance to succeed as a broodmare, we are breeding her to Pioneer of the Nile at Winstar for the 2018 foal. Time will tell how this story will evolve, but we are excited to be part of the journey. We are hoping he could be Tiznow’s next Big Horse.
Bred by HnR Nothhaft Horseracing LLC, Finest City, a PA_BRED, not only proved the best distaff sprinter of 2016, but acquitted herself around two turns on dirt and turf as well.
It illustrated the mare’s versatility, though in the end, she demonstrated her keen sprinting ability by beating the best in the Breeders’ Cup Filly & Mare Sprint (G1) to clinch the Eclipse Award as top female sprinter. Graphics courtesy of Keeneland and the PHBA.
Becomes 1st PABRED Breeders‘ Cup Champion in 20 Years
by Hank Nothhaft
Those who participate in thoroughbred horse breeding and racing know that it can be unbelievably exhilarating or an unforgiving, unpredictable arena. Just the minute you think you have it figured out, some humbling occurrence ensues making you wonder how on earth you got into such a tough business (sport). So when events take a benign, favorable turn, one tries to enjoy the glow for as long as possible to blunt the inevitable future valleys of gloom.
The finalists for the Thoroughbred industry’s Eclipse Awards, equivalent to Hollywood’s Academy Awards, were announced this week. Finest City, a four year old, PABRED filly by City Zip is one of the three finalists for the Female Sprint Category. Given her accomplishments and victory in head to head competition over her rivals, Finest City has an excellent chance to add an Eclipse Trophy to her growing list of honors.
As her breeder, it was thrilling to see Finest City win the 2016 Breeders’ Cup Filly and Mare Sprint in November at Santa Anita Park. Though the exhilaration of the moment has faded, a quiet, enduring and sustaining satisfaction remains as a reminder of why involvement with thoroughbreds can be so rewarding.
The breeding of Finest City was the direct result of my efforts to create a well pedigreed, race proven, black type broodmare band for Breeders’ Cup Champion Silver Train., who I purchased from Vinery in Kentucky to stand at Northview in Pennsylvania. I was ably assisted in this quest by Bloodstock Agent Carl McEntee, then of Northview PA, now of Darby Dan Farm in KY.
It also was not a “fluke” in the sense that a great deal of thought and effort was applied to the process of acquiring the mare Be Envied in foal to City Zip that produced Finest City. Be Envied’s enviable resume—she’s a half sister to grade I winner Burning Roma— is full of class, flawless, elegant, impeccable top and bottom complimented by her sire, Lemon Drop Kid. In my opinion, Lemon Drop Kid, an emerging leading broodmare sire, should get credit for producing horses that can run extremely well on all surfaces at classic distances.
Due to many hours pursuing various mares, Be Envied was purchased at the bargain price of $37,000 at the 2011 Keeneland November Sale. This was the result of spending several days analyzing pedigrees of mares in the catalogue, inspecting them, assessing physical fit with Silver Train, creating our short list, bidding on our top picks, often getting out bid or hitting our budgetary limits. We ultimately purchased three mares in foal during the Keeneland November 2011-mixed stock sale. However, no more or less effort went into the decisions, preparations and care of Finest City than any of our preceding or subsequent breeding decisions. Our goal was to buy mares compatible with Silver Train whose foals could be kept for racing or sold for at least what we paid for the mare in foal, thus recouping our investment in the first twelve months. We actually exceeded this goal by a wide margin. On the other hand, winning the Breeders’ Cup was never discussed, not to mention that the odds of this occurring are lottery like. More discussion on Breeders’ Cup odds later. Therefore, when Finest City won the Breeders’ Cup, it was not fulfillment of a dream, because this was not a dream we ever dared dream.
Be Envied by Lemond Drop Kid Bargain Purchase $37,000
From the time of her birth, Finest City was a beautiful, well-balanced athletic filly. The fact that Finest City looked very commercial and could command a handsome price influenced my decision to sell her rather than keep to race. As a technology entrepreneur trying to transfer his skills to the “Horse Business”, I viewed this as a good opportunity to generate some cash flow, nothing more or nothing less. This was a change of heart, since I already named her City Envy to honor her Sire and Dame, in anticipation of racing her. As a result, Finest City (AKA City Envy) became the first horse that I bred and sold at auction, highlighting my status as a novice breeder.
After our decision to sell her at the Keeneland November 2012 Mixed Sale, we hired Hunter Valley as our consignor, prepped her at Northview Maryland and sent her to Lexington. Ultimately, though she showed well, was very popular, some minor stifle issues kept the price well below our expectations and sold right on our reserve for $50,000. We were very disappointed with this price as we expected to get well over a $100,000 for her. She was purchased by Cobra Racing who pin-hooked her and sold her as a yearling at the September 2013 yearling sale at Keeneland. to Seltzer Thoroughbreds of San Diego, CA, hence the name Finest City,
Subsequently, we’ve had the good fortune of selling several additional weanlings at Keeneland for six figure sums up to` $250,000. All their pedigrees are similarly attractive as Finest City and were nearly flawless physical specimens. So far, none have come close to Finest City’s accomplishments though some have shown promise. We also bred a number of horses from the Silver Train program who are just plain average and have produced results within industry norms, not to mention a few who had physical issues that precluded any racing career at all. I mention this only to highlight the obvious, that a powerful pedigree and physical perfection don’t necessarily correlate to racing success. Soundness, the intangible competitive fire of the horse, intelligence, timing and luck all play a role.
So how long were the odds for a PABRED Breeders’ Cup Winner?
First there have only been four PABRED Breeders’ Cup Champions, including Finest City, since the Breeders’ Cup’s initial races in 1984 at Hollywood Park, CA. The other three are Go for Wand, Tikkanen and Alphabet Soup.
The great two times Eclipse Award winning Go for Wand is the initial PABRED Breeders’ Cup winner, having won the 1989 Breeders’ Cup Juvenile Fillies at Gulfstream Park. A Christiana Stable homebred by Deputy Minister, she entered the Hall of Fame in 1996, fueled by 7 Grade 1 wins in 13 career starts. Harry Lunger and his wife Jane DuPont Lunger founded Christiana Stables, named for the community of Christiana, Delaware, in 1937. Having campaigned at least 45 stakes winners, these are the type of breeders and owners that you expect to win a Breeders Cup.
Oddly, I have a personal connection to the Lunger family that strikes me as at least a strange coincidence. While serving in the U.S. Marine Corps in Vietnam in 1968-1969, one of the officers I worked closely with was Lt. Brett Lunger, Jane and Harry Lunger’s son. Brett, a very dynamic and energetic leader, went on to be one of the first American drivers in Formula 1 in 1975. Maybe some good karma got passed via this relationship.
Tikkanen is the 2nd PABRED Champion via his win in the 1994 Breeders Cup Turf at Churchill Downs in KY with Mike Smith up. Tikkanen, a homebred like Go For Wand, sired by Breeders’ Cup Mile Winner Cozenne, was bred and campaigned by George Strawbridge, Jr., a perennial leading breeder in PA and a person who you would expect to win a Breeders’ Cup Championship Race.
The third PABRED Breeders’ Cup Champion is the beloved Alphabet Soup who won the Classic in 1986. He was also sired by Cozenne and became one of Cozenne’s 14 millionaire offspring including Tikkanen. Southeast Associates, headed by Roy S. Lerman, bred and sold him privately to Californian Georgia B. Ridder as a two year old. In a 24 Race career that netted him earnings of $2.990,270, Alphabet Soup only raced twice outside of California. In the Breeders’ Cup Classic at Woodbine, ON, Cigar, tried to become the first horse to win the Breeders’ Cup Classic in consecutive years, but fell short by a half-length, finishing third in his farewell race, behind 20-1 shot Alphabet Soup under Chris McCarron, who bested Preakness Stakes winner Louis Quatorze by a nose. Alphabet Soup went on to stud duty until his retirement to “Old Friends” in Lexington, KY.
After a twenty-year hiatus, Finest City became the 4th PABRED Breeders’ Cup Winner with Mike Smith up, giving him claim to riding 50% of PA’s Breeders’ Cup Winners. Like Alphabet Soup, owned by a Californian, Finest City has never raced outside of CA. Speaking of 50%, Finest City ended up with an up and coming young trainer (28 years old) Ian Kruljac, whose total career starts total 24 of which 14 are Finest City. Always in the hunt after breaking sharply from post 12 in a field of 13, Finest City and jockey Mike Smith held off the oncoming Wavell Avenue to prevail by three-quarters of a length. Paulassilverlining was third, another 1 1/4 lengths back. Paulassilverlining is one of Finest City’s chief protagonists for this year’s Eclipse.
Let’s take a look at some of the raw numbers involved in winning a Breeders’ Cup Race with a PABRED to see how daunting a task it is. Since its’ inception, there have been 288 Breeders’ Cup Champions, 4 from PA (no adjustment for repeat winners) or 1.4%. These 288 champions had to vanquish a total pool of horses estimated to be around 3000 of the best horses in the world. Since 1996, the last time a PABRED won, there have been 214 winners including one by Finest City or about .5 (1/2) a percent.
Let’s look at the numbers from a PA perspective. Since 1995 there have been approximately 23,000 foals born and registered in PA. Of this pool, roughly 14,500 made at least one start in a race. This makes Finest City 1 of 23,000/14,500 respectively. The percentages are obviously miniscule: less that one ten thousandth in both categories (0.00004/0.00006). Assuming the foal crop is 50% fillies, the percentages remain less than a ten thousandth.
From a national level the odds are even longer since PA generally produces less than 3% of the registered crop (Range 1995 to 2015-2.2% to 5.4%) Then of course, globalization means that horses from 19 other countries were entered in the 2016 Breeders’ Cup. This makes the mountain even higher.
The long and short of these numbers is that PABRED Finest City winning the Breeders’ Cup was a tall order overcoming stratospheric odds. Then again, to be a thoroughbred breeder is playing the DNA lottery, though breeding the “best to the best” reduces the odds a bit, the odds remain extremely long. There’s always the real possibility for inexplicable magic to occur. One look no further than the amazing California Chrome, the result of breeding a mare by a regional sire who won an $8,000 maiden claiming race in a 6 race career that netted $7,000 and an E number of 64, to a sire standing for a $1500 stud fee, and two guys who dreamed the big dream. As long as the chance exists to create the wonder of the “next big horse” the art, science and mystery of thoroughbred breeding and racing will continue to produce the inexplicable and attract a large, broad range of optimists.
Nothhaft ranks Finest City score in Breeders’ Cup among top achievements
Article Written by Tom Law
Published in Mid Atlantic Thoroughbred Magazine Dec, 2016
Breeders’ Cup Photos courtesy Racing Heart Photography
Photos from HnR Nothhaft Horseracing Library who holds rights to utilize on HnRRacing.com
Henry R “Hank” Nothhaft got involved with racing toward the tail end of a career in the high-technology industry knowing he’d need a challenge and something to feel passionate about as retirement loomed.
“I’d gotten into the horse racing business because I knew that being in high tech, that I’d retire, the inevitable cycle of life,” Nothhaft said. “I’m still very interested in it, but I don’t have the overwhelming passion that I had when I first got in it, so I was looking for something else to do. So approximately 10 years ago I got involved. “
“I didn’t know anything to tell you the truth. I didn’t know how little I really knew. I thought I knew about it, but after a while I realized how naive I really was.” Nothhaft, a first generation American who grew up in Western Pennsylvania and runs his operation HnR Nothhaft Horseracing, admits he’s still got plenty to learn, but he also knows now what it feels like to breed a winner at the Breeders’ Cup World Championships. Nothhaft found that out Nov. 5 as Pennsylvania-bred Finest City upset the $1 million Breeders’ Cup Filly and Mare Sprint G1 at Santa Anita Park.
Ironically Nothhaft’s first Breeders’ Cup victory came in a race he was expected to be represented as an owner, with Living the Life (IRE), who missed the race due to injury. Nothhaft watched the Breeders’ Cup from his home in Saratoga CA, with his family, and Finest City’s three-quarter-length win over 2015 Filly and Mare Sprint winner Wavell Avenue factored heavily in a huge weekend for her breeder.
The day after Finest City’s victory, Nothhaft was on hand at Golden Gate Fields to see her 2 year old half-sister, the Pennsylvania-bred Tale of the Cat filly Grand Prix, break her maiden in her fourth start. Nothhaft relished those victories, along with several other on Breeders’ Cup weekend that bolstered his breeding program. “Given my horses and who I’m planning on breeding to, it couldn’t have been any better,” he said. “I have a Gio Ponti and a Gio Ponti won (the Sprint) with Drefong. I haves a Pioneer of the Nile and I’m considering him as the breeding choice for Living the Life and Kindle, another mare I own. He won (the Juvenile) with Classic Empire. I have a Tiznow colt on the ground and Tourist won (the Mile). I’m a City Zip maniac and Finest City won.
“So how could you have a better day than that, short of Living the Life not having won the race? And not to mention Navy beat Notre Dame for the 13th time in 90 years Saturday. How could you haves a better day than that?”
Henry R. “Hank” Nothhaft @Northview PA
The seedlings of Nothhaft’s memorable weekend were planted back in 2011, when he and bloodstock agent Carl McEntee worked the Keeneland November breeding stock sales in search of broodmare prospects. Nothhaft met McEntee, formerly of Ghost Ridge Farm and Northview PA in Pennsylvania and now with Darby Dan Farm in Kentucky, during the re-syndication of champion Smarty Jones. The two also worked on the purchase of Pennsylvania stallion Silver Train and were shopping for mares to breed to the son of Old Trieste when Be Envied went through the ring at Keeneland. “My goal was to support Silver Train,”
Nothhaft said. “I had a really strong belief in the Pennsylvania incentives, both the breeding and owners’ awards. I had a little bit of an emotional attachment to the State considering I was born there.” “I started to develop a broodmare band to support the sire. We set a budget, had criteria we were looking for and we were buying in foal mares at auctions. Considering a guy like me getting involved at such a late stage you’ve got to buy mares in foal if you’re going to accelerate your entry into the industry, unless you’re just writing blank checks and giving all your profits to somebody else. Having been a a high-tech entrepreneur I was thinking about building a business from scratch, putting capital in, doing a lot of boot-strapping of the business. That was my mentality.”
Nothhaft bought Be Envied for $37,000. She was sold in foal to City Zip and the resulting foal born at Northview PA in Peach Bottom in 2012 was Finest City. Understanding the realities of running his breeding program like any other business and looking to generate cash flow, Nothhaft entered the weanling City Zip filly, then named City Envy in the 2012 Keeneland November sale. “I’d named the horse so I wasn’t planning on selling, but after looking at the foals on one of my trips to Pennsylvania and some casual conversations, we said, “Let’s seriously consider selling this foal if we can get enoughmoney for it,” Nothhaft said. “Enough money would be over $100,000 for a weanling out of a mare we paid $37,000 for. She was vetted, she was beautiful, we moved her to Northview Maryland to do sales prep and everything was rolling. We hired Hunter Valley Farm, which is a high-end and reputable consignor. They’re great for a guy like me. We got her down to Kentucky, prep her and we’re all very optimistic. At the sale she’s getting a lot of looks and scopes. She was on fire.”
City Envy (now) Finest City and Hank Nothhaft Keeneland November Sale
Nothhaft, McEntee and Hunter Valley’s Fergus Galvin hoped the filly would bring as much as $150,000 after all the presale action, but were conservative in putting her reserve at $50,000. “When she sold I went in the room–this was the first horse I ever bred that I sold–and there was some bidding initially but it started slow; ran up in small increments,” Nothhaft said. “The last bid was $50,000 and she sold. I couldn’t understand it, Fergus couldn’t understand it, Carl couldn’t understand it. Well, we go back and it comes to our attention that we thought the X-rays were clean, but it turns out the last set taken weren’t completely clean. She had a small OCD issue, and selling as a weanling basically to pinhookers, that’s tough. The people that were looking at her were flunking her and moving on to somebody else, but we didn’t know it at the time.” Cobra Farm bought the filly, and resold her for $85,000 at the 2013 Keeneland September yearling sale to Seltzer Thoroughbreds, which celebrated her victory in the Filly and Mare Sprint with trainer Ian Kruljac.
Finest City with Mike Smith up makes winning Breeders’ Cup Move
Nothhaft bred Be Envied to Silver Train and she produced a filly, subsequently named Move in 2013. Nothhaft sent Be Envied to Tale of the Cat in 2013, the resulting foal being the winner Grand Prix, and Silver Train died after standing in the Southern Hemisphere in December 2013. Be Envied was bred to Tale of Ekati and later in the year was entered in the Keeneland November sale. She failed to meet her reserve on a final bid of $24,000, but was sold privately after going through the ring to representatives of breeders in India.
Grand Prix Wins Maiden with ease
Nothhaft said he doesn’t regret selling Finest City or Be Envied. “I race, maybe if I was only a breeder I would have second thoughts, but I know the racing risk, and how these animals are,” he said. “I’m so happy for these people and the success they had. They did all the right moves. During all of this I’ve been nothing but elated for the horse, the connections and everybody involved. They bought an animal that had some known issues at that time, but were willing to take the risk. On top of that you still had all the racing luck issues you deal with anyway. Plus I own the two half sisters so I’m ecstatic.”
Though he was the only winner, Nothhaft wasn’t the only Mid-Atlantic breeder at the Breeder’s Cup. Six horses bred in the region competed in the 13 races-four in Pennsylvania, one in Maryland and one in Virginia.
Finest City day old foal @Northview Stallion Station PA
Two years ago we purchased our first British invader in Newmarket, U.K. This was the result of implementing HnR Nothhaft Horseracing LLC’s (HnR) plan to buy highly pedigreed fillies or mares in training in the U.K, try to step them up on the track in the U.S. and retire them to broodmare status either in house or via sale after retirement. Qualifying for the ship in bonus at Delmar Turf Club is an additional minor side element to this approach as well. Little did we know that this purchase would lead to a rendezvous with Frankel’s younger brother Noble Mission in Kentucky. Named Macaabra (IRE), she was a 3 year old filly by emerging world class sire Exceed and Excel by Danehill, who was enjoyed significant success as a two hemisphere sire standing in both Australia and the U.K. for Darley. In fact, the proof statement to this claim is that when Australian wonder mare Black Caviar, the highest rated mare in the history of Timeform, undefeated in 25 starts including winning the Diamond Jubilee Stakes at Royal Ascot, was retired to broodmare status, Exceed and Excel was the stallion chosen for this honor. On 13 September 2014, Black Caviar gave birth to her first foal, a bay filly by Exceed and Excel. Keep in mind this is a southern hemisphere birth as Black Caviar is based in Australia.
Besides the powerful sire line Macaabra brought through Exceed and Excel via Danehill to Danzig to the “Kingmaker” Northern Dancer, the female line has real strength as well. Macaabra’s dame Al Cobra (IRE) is by Sadler Wells by Northern Dancer. This pedigree is rated an A by both Truenicks and Werk eNicks and brings a Natalama and Northern Dancer Cross 4th and 5th generation cross. Colts Helmet and Outstrip are turf Grade 1 stakes winners bred on this cross. Other graded stakes winners are Infamous Angel, Mrs. Kipling, and Nideeb. Macaabra Bloodlines
We brought Macaabra to the U.S. in 2013 and raced her for two years. She ended her career with 4 wins in 16 starts including a win in an allowance race at Santa Anita Park on the downhill turf course. She also qualified for a ship in bonus by finishing second in an allowance race in her first U.S. start at Delmar going a mile on the turf. She ran in three stakes races and came within 1.5 lengths of hitting the board and earning black type. Though completely sound when retired, veterinary diagnostics indicated that she would likely have knee problems if we continued to race her. We decided to opt for retirement and broodmare status in Kentucky at Darby Dan Farms.
Breeding choices are a combination of science, art experience (opinion) and luck. Lot’s of rules of the road exist as well. Breed the best to the best and hope for the best is one of the widest known. Others are to breed a new mare to an established stallion. We certainly included this in our choice for our mare Kindle. We chose to breed this first time broodmare to Tiznow, a well-established and consistent stallion. Another rule is to breed a new stallion to established mares. Perhaps we should have followed this course with Macaabra but instead we decided to swing for the fences and chose a new sire to breed to. Lot’s of factors went into this decision, but the purpose of this summary is to concentrate on the nicks involved as part of the decision tree for this breeding.
One of the best racehorses in thoroughbred history and perhaps the best of his generation is Frankel. Frankel is by Galileo out a Kind (IRE), a 2 times stakes winner by Danehill. Undefeated in 14 races including winning nine grade 1 stakes in a row, Frankel is the highest rated thoroughbred in British Racing History. According to Wikipedia “following his win in the Queen Anne Stakes at Royal Ascot, Timeform raised its provisional rating to 147, making him the highest-rated horse in the organisation’s history. In January 2013 Timeform announced that his final rating at the end of his racing career was also 147. ” There are endless articles about Frankel available, but Wikipedia has a very good summary at: Frankel Best of His Generation
He is in residence at Juddmonte Farms in the U.K. with a stud fee of 125,000 British pounds for 2013 and 2014. Of course only the most select mares are offered the opportunity to breed to Frankel. Excitement is building as his first off spring move towards the auction ring and eventually the track. Frankel Pedigree and Race Record
In the meantime, Frankel has a younger full brother named Noble Mission who clearly was in Frankel’s shadow in his younger years. After Frankel’s retirement and a change to a front running style instead of coming off the pace. Noble Mission came into his own winning three grade 1’s to finish his career on a high note. His final record is 21 9-6-2 including 8 stakes wins, earnings of 1,364,058 British pounds. Once again there are numerous articles available about Noble Mission’s exploits but Wikipedia has a very good summary at: Noble Mission World Class Performer
According to the Wikipedia article, On 18 October, Noble Mission started the 7/1 fourth choices in the betting for the Champion Stakes, the race in which Frankel had concluded his unbeaten career in 2012. His eight rivals included Cirrus des Aigles (the 7/4 favourite), Ruler of the World, the six-year-old Al Kazeem, and the lightly raced but highly regarded Irish colt Free Eagle. Racing on heavy ground, Noble Mission was sent into the lead by Doyle from the start and set the pace from Al Kazeem, with Ruler of the World and Cirrus des Aigles close behind. As the field entered the straight many of the fancied runners were struggling and the race evolved into a protracted struggle between Noble Mission and Al Kazeem. The older horse gained a slight advantage inside the final furlong, but Noble Mission rallied in the final strides to win by a neck after a “thrilling duel”, with Free Eagle finishing one and a quarter lengths back in third. An emotional Lady Cecil said “It’s just a fairytale. It means so much to us. When he died I kept the licence to feel closer to him”. Doyle commented “I knew it was Al Kazeem as soon as I saw his head alongside and I know what a good horse he is, but this fella is unbelievable. He just relaxes in front now, and I was able to save a bit for the finish”.
Off this phenomenal effort, Noble Mission retired and on November 2nd it was announced he would be a stallion at Lane’s End Farm in Versailles, Kentucky. We visited Lane’s End in October to view Mineshaft and The Lemon Drop Kid. We were in the process of evaluating stallions for our 2015 plan, but Noble Mission was not announced yet. When Noble Mission was announced, we hadn’t completed the due diligence phase of our stallion breeding roster for 2015. Noble Mission bloodlines and race record
After some discussion with Macaabra’s U.S. trainer Gary Mandella and our bloodstock agent, Carl McEntee, who found and purchased Macaabra, we all concluded that on many levels Noble Mission could be a good physical and confirmation match for Macaabra. As always, we wanted to see what the bloodline nicks looked like using some of the major nick rating services. We used Truenicks, Werk eNicks, and Goldmine to establish their ratings for this possible match and to see what additional insights we could glean. The ratings were favorable: Truenicks assigned an A+; eNicks an A+++; and Goldmine a 20/20 rating which is considered an extremely attractive match based on having TWO horses with a 20 or higher rating. The Noble Mission-Macaabra Goldmine nick has a striking TWENTY-SIX horses over a 20 rating on this cross. The inbreeding in this cross is quite interesting with Sadler Wells 3m x 3f, Danehill 3f x 3m and Northern Dancer 4m. 5m x 4m, 5m, 5m.
However, the most interesting information that came out of these nicks is that there are at least 26 graded stakes winners that have been bred off this cross. This is really an amazing number in absolute terms as well as percentage (14%), and is largely due to Galileo’s success with the Danzig mare line.
According to Andrew Caufield in his article ”Noble Mission (GB) The Next Great European Import” : Noble Mission Next Great European Import “Galileo owes much of his success to his remarkable partnership with the Danzig male line in general and with the Danehill branch in particular. His 26 stakes winners from mares by Danehill represent 14% of the foals from this cross, with no fewer than ten of them achieving the status of G1 winner. Among them is a world superstar in Noble Mission’s brilliant brother Frankel, who is rated the best horse ever seen by Timeform in that organization’s long history. Frankel was a champion at two, three and four, and Galileo’s G1 winners out of Danehill mares also include another champion two-year-old colt in Teofilo and a champion two-year-old filly in Maybe. Then there are the European classic winners Intello, Golden Lilac, Roderic O’Connor and Cima de Triomphe. Some of the 2014 two-year-olds from this cross have also shown G1 potential, with the Group winners John F. Kennedy and Highland Reel figuring among the leading fancies for the 2015 2,000 Guineas.
Other graded stakes winners from this nick are Frankel, Golden Lilac, Magician, Mekong River, Romantica, and Tapestry.
These Nicks added a lot of momentum to our assessment of the Noble Masson-Macaabra match. Once we completed our due diligence, HnR immediately applied to Lane’s End for a slot to breed to Noble Mission. HnR was granted this opportunity and has executed a contract for 2015 breeding. Needless to say we approach this match with great anticipation and hope the luck and timing that brought Noble Mission to the U.S. for a date with Macaabra will continue and produce another stakes winner to add to this impressive line.
Henry R “Hank” Nothhaft knows business. Studying spreadsheets, business plans and bottom lines is second nature to the Pennsylvania native who resides in California and made a career of taking hightech start-up companies in California’s Silicon Valley and nurturing them into multi-million-dollar businesses. Nothhaft applies his business acumen to Thoroughbred racing and breeding and has his plans in place. Locking onto the Pennsylvania breeding program, the affable and energetic CEO has leaped in with both feet, building a broodmare band he boards at Northview PA in Peach Bottom, investing in stallions, and creating a racing stable on both coasts. And he’s enjoying every minute of it.
“As a lifelong entrepreneur I knew I’d be bored out of my mind when I retired, so I thought ‘I’m going to have to start a business to run before retirement occurs,’ ” said Nothhaft, 70, during one of his trips to Pennsylvania over the winter to visit his growing broodmare band. “So I did an analytical approach. . . the competition, the data-driven aspects, the massive amounts of bloodlines. It had always appealed to me – it’s very competitive, instant feedback, outsourcing model, no employees, and so on. I put together a bunch of factors and I chose horse racing and breeding.”
Nothhaft (pronounced note-off) was born and raised in western Pennsylvania, near the Ohio border, and had no previous background with horses. His earliest introduction to live racing came at the Standardbred tracks near Columbus, Ohio,as a teenager. It was a fun diversion. Nothhaft went the military route early in his career – he graduated from the Naval Academy in Annapolis, Md., and was a Marine captain who served in Vietnam – and followed that with graduate school, which led to his introduction to the technology world, which led to sales for high-tech companies in the 1970s. “That’s very close to being an entrepreneur,” said Nothhaft, who is quick to admit that he always wants to succeed in anything he tries to do. “Next thing you know, I wanted to be more than the guy selling the stuff, I wanted to be more involved in the company and running it.”
Nothhaft’s passion for the American dream is boundless. The loss of business in recent decades in the Silicon Valley prompted him to write the highly acclaimed book Great Again, which came out in 2011 and explores solutions to return the United States to prominence as an innovation leader in the world. More than ready to speak out about the political climate in Pennsylvania and its adverse effect on the breeding industry when discussions come up about taking away incentives.
Photo Anne Litz Mid-Atlantic Thoroughbred
“People who are serious about making significant investments in any industry, including Thoroughbreds, like to have a long-term horizon. And some predictability,” said Nothhaft. “So if the landscape is negative, you can take that into effect and decide whether you want to be in that business. If you have a positive environment and positive incentives, which Pennsylvania certainly has, but you think they are fleeting and may be taken away at any time, it’s very hard to make multimillion-dollar long-term investments in the industry.”
Nothhaft slips easily into using corporate-world terms when describing his Thoroughbred operation. “The goal is to breed to race and sell and get quality to the point where it becomes self-sustaining or grows from the reinvestment of the profit.” He owns approximately a dozen broodmares, has a stable in California with trainer Gary Mandella and another string at Parx Racing with trainer Keith Nations, who had been based in California. “My commitment to Pennsylvania racing is bolstered by Nations’ move to Parx as my exclusive [East Coast] trainer,” he said. As with any business plan, adjustments are often necessary. Nothhaft initially started purchasing horses in California in 2006, but when the financial market experienced its setback in 2008, he sold off all his California assets (although he still has one broodmare in production in the state) and decided to relocate to Pennsylvania because of the strength of the state-bred program. Nothhaft had already done a lot of homework. “In 2006 I started scratching the surface of studying pedigrees,” he recalled. “I wrote a business plan. This was part of that analysis I did. I went to a couple of seminars that the Thoroughbred Owners of California ran, learning the ins and outs of horse racing, what all the rules were, tax implications and record keeping, breeding. Then I plugged into The Blood-Horse [magazine]. I bought all the books in their library, from breeding theories totaking care of mares. Even though I don’t run a farm, I read all those books and watched all their videos on how to evaluate horse flesh.
“I spent a lot of time self-educating, and then I started meeting people in the business through these seminars and asking a lot of questions. I’ll be quite honest – some of the people I got involved with initially, I made poor choices. They weren’t terrible people, they just weren’t effective and not the right people for me. It’s good I got started to breed to race in California and we had the massive setback. It hit me in the face.”
Photo Hank Nothhaft Jr.
One solid connection Nothhaft made in California was Mandella, his trainer since 2010. Purchasing yearlings for Nothhaft under the HnR Nothhaft Horse Racing banner, Mandella and bloodstock agent Mary Knight selected the Indian Charlie filly Kindle at the Keeneland September Yearling sale in 2009 for the novice owner,
Kindle has overcome numerous setbacksto win or place in nine of 11 starts, take two stakes and hit the board in four graded races. She even pushed two-time Breeders’ Cup Turf Sprint-G1 champion Mizdirection in last year’s Grade 2 Monrovia Stakes at Santa Anita, losing by a half-length. Destined for Nothhaft’s broodmare band, the 6-year-old once again went to the sidelines in January following a solid second in the 2014 Monrovia, her first start in nearly a year. Back in training, she is being prepared for the Royal Northern Stakes at Woodbine in late July. Should all go well, a trip to Parx for the Grade 3 Turf Monster in September is on the agenda before returning to California.
Another significant accomplishment for Nothhaft came through his association with bloodstock advisor Carl McEntee, formerly with Ghost Ridge Farm and Northview PA before leaving for Darby Dan in Kentucky. The two met in the fall of 2010, and McEntee has advised Nothhaft on purchases of broodmares and European-based fillies at the track. Among the broodmares was Sulis, a young winning daughter of Maria’s Mon who cost Nothhaft $105,000 at the 2012 Keeneland November sale while carrying her first foal. Three months later, Sulis delivered a filly by Harlan’s Holiday at Northview PA. In November, the filly was in the sales ring at Keeneland, selling for $250,000, the top price for a Pennsylvania bred weanling last year.
“Carl has an uncanny eye and a willingness to have a discipline in bidding for horses when buying mares, yearlings or whatever,” said Nothhaft. “We set very specific goals and budgets. . . I go to all the auctions now that I’m retired – even beforeI was retired I went to most of them. Carl and I will sit there and agree on a price before we walk into the room. We haven’t chased the horses – we’ve passed on hundreds But because of our good planning and discipline, we ended up buying a horse like Sulis. A fantastic buy.
“Our goal has always been to buy the mare in foal, and have the first foal cover the purchase. And so far, other than a couple I kept myself that we could have sold for that, we’ve accomplished that.” Another rising star found by McEntee is the 4-year-old filly Living The Life (Ire), a daughter of Two Thousand Guineas-G1 winner Footstepsinthesand out of a Machiavellian mare. Purchased in February in England for $60,000 and transferred to the Newmarket training yard of McEntee’s brother Phil, Living The Life has since
won twice in four starts over the all-weather track at Lingfield.
Photo Becky McEntee
Her final start before shipping to California came in the $252,000 All-Weather Championship Fillies and Mares Condition Stakes April18, which she won easily. She will be pointed to the Del Mar meet this summer. “Part of my plan is to buy pedigreed fillies in the U.K. for value prices equal to their U.S. residual value and then try to step them up by succeeding on the track in the U.S.,” said Nothhaft. Two other fillies following that path are Macaabra (Ire), a 4-year-old daughter of the hot international sire Exceed And Excel out of a Sadler’s Wells mare, and the Irish-bred Halljoy (by Halling), Group 3 placed in England last year at 2. Macaabra joined the Mandella barn in 2013, and won an allowance race at Santa Anita this year. Halljoy shipped to the U.S. with Living The Life and is awaiting her first start in the HnR Nothhaft Horse Racing colors.
Those silks have special meaning to Nothhaft – they are Navy blue and gold. “I have the same relationship with the Naval Academy as I have with horses, I love it,” he said. And while Nothhaft’s wife Randie and sons Hank and Ryan and their families enjoy the horses and going to the track onthe West Coast, he said it “has turned into more of a business for them because it’s isolated from them.” But Nothhaft can’t help naming horses for family members. One of his most prized broodmares, somewhat to his wife’s chagrin, is Randie’s Legend. Nothhaft laughed when he said, “My wife said I could continue in horse racing as long as I
didn’t name another horse after her.”Another was named First Blue Angel (in honor of his father-in-law Capt. Roy Marlin “Butch” Voris, who founded the Navy’s Blue Angels flight demonstration squadron). And when he had two grandsons born a month apart this past year, Nothhaft named a California-bred yearling using their first names, Sawyer and Jett. “When Sawyer’s Jett goes to the track, we’re all going to go. I had named her something else, but when we had the two babies, I wanted to name a horse after them that they could see.” Nothhaft supports numerous stallions, but connected immediately with two. Smarty Jones was among the first horses he invested in when launching his Pennsylvania operation. Nothhaft not only owns shares of the Pennsylvania-bred star, but revealed “I have a poster of a movie they’ve done on Smarty Jones. I have a Moneigh by Smarty Jones. I’m a true fan of Smarty Jones.”
Photo Henry R “Hank” Nothhaft
He also had a special connection to Breeders’ Cup Sprint-G1 winner Silver Train. Standing a stallion in the region was an integral part of Nothhaft’s initial business plan and his analysis led him to look for a horse who could stand at a fee to suit the region, throw winners at distances up to a mile, and produce durable runners. Silver Train checked every box he moved to Pennsylvania for the 2012 season. The millionaire and A.P. Indy grandson was well received during his two years in the state and provided Nothhaft an opportunity to experiment. Soon after his arrival, Silver Train had a website and Facebook page.“I feel horse racing is an under-covered sport,” said Nothhaft. “So we had our own website, and we could put up any information on Silver Train that we wanted instantly. I had a blog, I wrote a lot of the articles that were there. We had a very active Facebook page. We had really core, true followers who were following the horse. I did a lot of that activity personally. So I learned that social media can be a powerful force.”
The use of social media remains important to Nothhaft, whose mare Kindle has a Facebook page (HnR’s Kindle) and a section on the Silver Train website.
Photo Henry R “Hank” Nothhaft
“It’s amazing when we put a note on there, the interest levels we’ve got on her,” Nothhaft said. “We’re trying to create value, and Kindle is a brand. She’s got a following. People want to know when she’s racing. I’m going to try to have some of my horses as the HnR brand. Hopefully that [Harlan’s Holiday] foal we sold will go to Saratoga. I hope they get a million dollars and I won’t have any regrets. I own Sulis,
and I sold the horse for good money, and it would help our brand. That’s how you have to look at it.”
The loss of Silver Train, who colicked while in quarantine in Brazil after standing in the Southern Hemisphere last fall, was an emotional blow to Nothhaft. And it was a blow from a business point of view. “I do insure myself, so it wasn’t a nearterm loss of capital, it was the business momentum,” said Nothhaft, who owned 87.5 percent of Silver Train. “It takes years to get this pipeline going and we had two years worth of getting him going and we were ready to press on the accelerator. It was a setback.”Nothhaft has moved away from stallion ownership.
Photo Anne Litz Mid-Atlantic Thoroughbred
“As far as being an entrepreneur you have to assimilate that, reassess your plan, look at your strengths and weaknesses, see where you are and go forth,” he said. “I’ve definitely shifted the emphasis very heavily to high-quality mares, with some ownership of seasons as it makes sense. I found I really don’t need to own the stallion and it gives me more flexibility.” In addition to his interest in Smarty Jones, Nothhaft has shares in Northview PA stallions Jump Start and El Padrino. Nothhaft also uses stallions in Kentucky, this year sending mares to, among others, Scat Daddy, Gio Ponti, Tale of Ekati and Dunkirk. Nothhaft plans to keep his Silver Train offspring to race. He has five yearlings by the stallion, including a colt named Thepennsylvaniakid. The final Silver Train foal bred in his name, a filly out of the Unbridled’s Song mare Aloft born April 19, will be named Silber Zug, which is German for Silver Train. “I’m German by heritage. . . I generally don’t name horses that I might sell – so that one’s a keeper.” This year’s Pennsylvania foal crop for the breeder numbers nine, including a Scat Daddy filly out of Sulis, a Stormy Atlantic colt out of Randie’s Legend and a Ghostzapper colt out of Canary Diamond, one of Nothhaft’s more recent purchases, out of the Adena Springs consignment at Keeneland last November.
Photo Anne Litz Mid-Atlantic Thoroughbred
“The thing I do like about horse racing, it’s a constant, instant feedback on your decisions and how you are doing,” said Nothhaft. “Between the racing stock, the ones in the pipeline, the broodmares, the foals and everything we’ve got going, there is constant feedback on your decisions and how well you are doing and how well you are managing your business.
“It’s just exciting, I just have a passion for it. Everything I have ever been involved with I’ve had a passion for it. I don’t have many regrets, if any, but one is I wish I would have gone into this business 20 or 30 years ago, because it’s a long lead-time business. To do it yourself, and bootstrap it, and create the success yourself takes time.”
Photo Anne Litz Mid-Atlantic Thoroughbred
Nothhaft appears to have found the formula of mixing business with pleasure. “Having a long-term plan, and setting achievable stretch goals, and managing that plan – that could work in any business. So you get into the horse-racing arena – I’m sure this is true of startups in technology too – some companies have very concise goals, very well thought out plans, they execute, they review their results, they adjust accordingly and so on. Those outfits sometimes can succeed without having the best technology. That certainly applies to the horse industry. “[The racing industry] has a variety – big companies to the individual participant. But at any level, the person who has the appropriate plan will be the most successful. I really believe this.”