Newgate Farm and powerful Asian partners have joined forces to purchase the controlling interest in Golden Slipper favourite Extreme Choice only days out from the $3.5 million group 1 race.
If Extreme Choice wins the Golden Slipper there is a multiplier on the deal given success would rocket his value at stud and his original owners maintain a share in the colt. Fairfax Media understands the purchase price for the colt was already an eight-figure sum but written into the deal is a clause which means the figure will rise to more than $20 million with success in Saturday's race.
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Criterion: Own a champion for a day
Own a 10 per cent share in Criterion when he runs in the $4 million Group One Longines Queen Elizabeth Stakes and collect your share of the prizemoney â up to $200,000 if he wins. Go to http://www.ownachampion.com.au/ for details.
Newgate boss Henry Field is hoping to fulfil a dream on Saturday, as his stud, which opened its gates in 2010, has three runners in the Golden Slipper as it also being a shareholder in Capitalist and Defcon. "It has been my dream to stand a Golden Slipper winner at Newgate and this colt [Extreme Choice] fits the bill," Field said. "He is already a group 1 winning juvenile from the Blue Diamond and one of the fastest two-year-olds in Australia in the past decade. He goes into Australia's biggest stallion making race, unbeaten and is the stand out in a quality field and gives Aquis Farm and the China Horse Club a shot at another major success.
"Newgate has worked very hard to get this point with my partners Matthew Sandblom and Gavin Murphy, who they are the driving force behind the scenes, and we hope of our dreams can come true on Saturday."
The Not A Single Doubt colt will race in the silks of the China House Club in Golden Slipper, which has a significant share in the partnership alongside Aquis Farm, Matthew Sandblom and SF Bloodstock.
Melbourne trainer Mick Price has prepared Extreme Choice to win each of his three starts, he debuted with an impressive victory in the Inglis Nursery at Randwick in December. He won Chairman's Stakes before sitting three-wide and winning the Blue Diamond by 1-3/4 lengths last month.
Newgate is a brash new player in the breeding field, but has made a habit of finding the right horses, and significantly will field the same amount of runners in the Slipper of global giant Godolphin, which calls the race its grand final.
Field has tried to buy Golden Slipper winners before, but got in on the ground level with Capitalist and Defcon in his brother-in-law James Harron partnership, which targeted colts at the yearling sales. Extreme Choice has been a project for Field, who identified him and put together a syndicate to buy 10 per cent before his Blue Diamond.
"We have been the underbidder on Slipper winners Pierro and Vancouver in the past, they [Golden Slipper winners] are not easy to buy because everyone want the winner of this race," Field said.
"We got 10 per cent of Extreme Choice before the Blue Diamond and have been negotiating since to buy a controlling interest. We will look forward to continuing to race the horse in partnership with all the original owners but we are excited he will stand on our farm when his racing career finishes."
The China Horse Club continues to extend it footprint in world racing and chairman Teo Ah Khing was delighted to be involved in the Extreme Choice deal. "We look forward to furthering our relationship with Newgate Farm, the original and fellow new owners in the rest of his racing career, beginning in the Golden Slipper carrying the China Horse Club colours," he said. "His win in the Blue Diamond was nothing short of devastating and gained much attention in an expanding Chinese racing population."