Newgate buys into Inglis Millennium favourite Profiteer

Newgate has purchased into top 2-year-old prospect and current $2 million R. Listed Inglis Millennium favourite Profiteer (Capitalist) in a deal with Roll The Dice Racing.

It’s a deal which has echoes of the one Newgate completed to secure now promising stallion and 2016 G1 Blue Diamond S. winner Extreme Choice, with Managing Director Henry Field looking to finalise the list of investors in Profiteer in the coming days.

Profiteer, who is trained by Mick Price and Michael Kent Jnr, has had just one start, an impressive debut win at Flemington over 1100 metres in December, but that and a strong trial performance at Rosehill last Wednesday were enough to convince Newgate to invest in a majority share of the Capitalist colt, with a view to his long-term value of a prospective stallion.

"We've bought into the horse on a very similar deal structure to what we did with Extreme Choice. We’ve bought him at base price that is similar to what a high-profile yearling colt would make, with a bonus built in if he goes on and wins a Group 1 race," Field told TDN AusNZ.

"We work closely with (form analyst) Daniel O'Sullivan, and every year I ask him to find a 2-year-old colt that we can buy into prior to the Diamond and the Slipper. We have bid on three or four over the past few years and the only one we got was Extreme Choice.

"Profiteer ran a huge rating of over 100 on debut at Flemington, and it's very rare for a 2-year-old to do that on Daniel's ratings and that put him on our radar."

According to O'Sullivan's ratings, Profiteer ran 100.5 on debut. The only 2-year-old to produce a better rating at Flemington over the 1100 metres in the past five years was subsequent Group 1 winner Microphone, who did it at his third start.

O'Sullivan confirmed that there have been only 16 2-year-olds run a triple-figure rating on debut in Australia in the past five seasons and six of them went on to be Group 1 winners.

Profiteer's performance closely matched what his own sire Capitalist was able to produce on debut in the 2015 Listed Breeders' Plate (101.9).

Newgate know the colt very well, having bred and raised him. He is the first foal out of the stakes-placed Athena Lass (Snitzel), the three-quarter sister to Group 3 winner Sweet Redemption and half-sister to Euryale (Lonhro). His third dam is the Group 1 winner Danglissa (Danzero), whose grandson is the 2-year-old stakes winner and now Kingstar Farm stallion Unite And Conquer.

Profiteer was sold by Newgate to Roll The Dice Racing and Rogers Bloodstock at last year's Inglis Classic Yearling Sale for $165,000.

"He sold for the exact same price as Capitalist did, which is an interesting piece of trivia," Field said.

"He's a very similar shape to Capitalist. Very athletic and a very good mover. He's a neat-to-medium sized, great-shaped horse. He's got a huge girth and shoulder, a lovely hindquarter and he's a super athletic colt.

"He's a horse that has got that profile of a horse that can fly, with that early speed and acceleration, that can run time. He has that exceptional precocity and maturity. It’s everything as a stud master, we like very much."