J. Paul Reddam, who had been hoping to get to the Kentucky Derby this year with Logician, has purchased an interest in Illinois Derby winner Ten Most Wanted from Wally Dollase's Horizon Stable.
No percentage or price was disclosed, but Reddam said he owns more than any single Horizon partner, but less than 50% of the horse. It is believed Reddam paid $1-million for a 25% interest in the horse.
Reddam, who also owns Elloluv, the likely favorite for the Kentucky Oaks, will try to pull off a Dollase double, with Craig training Elloluv and his father, Wally, training Ten Most Wanted.
Reddam began thinking Derby after his Logician finished a close fourth in the San Felipe Stakes, but the colt bled in the Santa Anita Derby, finishing a distant sixth.
Dollase had received several offers for Ten Most Wanted since the colt's impressive score in the Illinois Derby, but rejected them all. With Ten Most Wanted and Elloluv stabled in the same barn at Churchill Downs, Reddam was able to see the colt in the flesh. While talking with Dollase and his wife Cincy, he asked if they had accepted any of the offers. When he was told they were considering one, Reddam said, "Well, what about me? Why not keep it in the family?"
"I've been begging Craig for good Derby seats," Reddam said. "It wasn't working, so I decided to take matters in my own hands. They're probably the most expensive Derby seats in history. I got caught up in the fever.
"I watched the Illinois Derby and was impressed with the way Ten Most Wanted smoked 'em down the lane. I know the time was slow, but I read where the track was really dead that day. Then when I saw his Beyer (Speed Figure) of 110, I looked at the race again, and it was lot better than I originally thought."
Ten Most Wanted was purchased by Dollase at last year's Fasig-Tipton Calder 2-year-olds in training sale for $145,000. After breaking maiden by eight lengths in his second career start, he finished fourth in the Sham Stakes, getting bumped severely at the break. He followed that up with a game third-place finish in the El Camino Real Derby before winning the Illinois Derby by four lengths. -- additional reporting by Lenny Shulman