Newgate Farm managing director Henry Field is extremely confident Profiteer can become the next member of his family to become a successful stallion after announcing on Tuesday that the three-year-old had been retired from racing.
The Mick Price and Michael Kent Jnr-trained colt will join the Newgate roster this breeding season, standing at a fee of $16,500.
The son of Capitalist and Snitzel mare Athena Lass failed to win at Group 1 level, but Field pointed out that didn’t stop his grandsire Written Tycoon becoming one of Australia’s leading stallions and he expects Profiteer to prove popular with breeders who admire that line.
“In my mind, he profiles very similarly to his sire Capitalist and his grandsire Written Tycoon, who were crack juveniles, very fast juveniles, who have both made an outstanding mark on the breeding landscape,” Field said.
“I think he profiles up as a horse who can follow in their footsteps.
“He’s going to stand at $15,000 plus GST and I think people feel they’ll be able to breed a mare to him and be a really good chance of getting a really fast juvenile.”
Profiteer retires a winner of three of his nine starts, the biggest success coming in last year’s Restricted Listed Inglis Millennium, a $2 million event over 1100 metres, which he won by 5-1/4 lengths in 1:04.9 on a deteriorating Soft 5 track.
He was narrowly defeated by Anamoe in the Group 2 Todman Stakes (1200m) and started $4 favourite in last year’s Group 1 Golden Slipper (1200m) in which he finished seventh behind fellow Newgate-bound three-year-old Stay Inside.
“I’m sure the horse retires to stud with his ability outweighing his eventual race record and when you have a horse with that much brilliant speed and natural ability as a two-year-old you’ve got to have a colt you’re very excited about,” Field said.