Spendthrift Australia has announced Group 1 winner Warrior’s Reward will be the first stallion to shuttle to its new Victorian base at Romsey.
Warrior’s Reward will offer Australian breeders a similar opportunity as American breeders received through Spendthrift’s “Share The Upside” program.
“Warrior’s Reward was the first Group 1 winning colt sired by Medaglia d’Oro in the 2010 Carter Hcp,” Spendthrift owner B. Wayne Hughes said. “He’s already enjoyed early success passing on his great looks, pedigree, and class to his first crop of runners in America.”
In one of the fastest starts by a freshman in history, Warrior’s Reward’s first 8 starters won on debut from Santa Anita to Saratoga in 2014. And his G1 Wood Memorial runner-up Tencendur is among the contenders for Saturday week’s G1 Kentucky Derby.
“Warrior’s Reward sold out quickly on “Share The Upside” in America, and breeders who took advantage of the program now have a lifetime breeding right in an up-and-coming young sire,” Hughes added. “His first crop was so successful that we were able to increase his stud fee on the open market from US$15,000 to US$25,000.
“Going into the 2015 breeding season in America, Warrior’s Reward shares were trading for US$94,500, which is over three times more than the “Share The Upside” investment for the breeder. The program works and we’ve proven that in America with several stallions.”
Share The Upside is a breeder-friendly program that offers a limited number of opportunities per stallion on a first-come, first-serve basis. Breeders can secure a spot with a $275 one-time deposit, and then sign two stands-and-nurses contracts to breed a mare in 2015 and 2016.
Once two foals have been produced and the stud fees have been paid on both live foals, the breeder earns a lifetime breeding right starting as early as the 2017 breeding season. The breeding right continues annually and throughout the breeding life of the stallion, and there are no further expenses to the breeder associated with the care and advertising of the stallion.
His “Share The Upside” fee will be $13,750 (inc gst) and he is also available at $11,000 (inc gst) on a standard live foal contract.