“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.
After an impressive outing at Santa Anita on May 11, 2017 in an open Allowance Race on the downhill turf course, HnR decided to ship her to Pennsylvania to take advantage of the lucrative PABRED Stakes program. Grand Prix, trained by Gary Mandella, arrived in good order in PA via Tex Sutton Horse Transport.
Based on her race fitness and positive conditioning at Delaware Park in Keith Nation’s Barn, we decided to run her the New Start Stakes, a 6 furlong sprint on the dirt for 3 year old PABRED fillies on June 3rd at Penn National in Grantville, Pa. The New Start Stakes was part of a 7 stakes program including the prestigious Pennsylvania Mile and the Governor’s Cup. Javier Castellano, 4 time Eclipse Award Winning jockey was booked to ride Grand Prix.
Click the above link for Racing Biz Article by Frank Vespe
Grand Prix broke sharply, maintained a position of stalking the leaders about a length off the lead before asserting herself at the 1/4 pole, maintaining her lead to the end of the race, besting undefeated, stakes winner and PA 2 yo filly of the year Rose Tree. We were not only gratified that she won impressively, but her splits and final times of 1:09.61 were certainly on the high end of our range of expectations. Grand Prix came out of the race 100% and will stay on the east coast. We are currently planning at least 3 more races before assessing our next move with her. Photos by B n D Photography.
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.”