Grade I-winning turf miler Nothing to Lose has been purchased for stallion duty by Walter Alteri's Newlands Thoroughbreds from Ken and Sarah Ramsey. The farm is located in Victoria in Australia.Campaigned as a homebred for the Ramseys of Nicholasville, Ky., Nothing to Lose recorded one of the highest Beyer Speed Figures of 2004, a 111, in winning the Shadwell Turf Mile Stakes (gr. IT) at Keeneland. He also won that year's Fourstardave Handicap (gr. IIT) at Saratoga. "With the ridiculous prices being paid of late for stallion prospects in Australia that haven't won at the grade I level, I think we have done very well to obtain an international grade I winner of this caliber," said Alteri. "He is also 16.2 hands high, was a 2-year-old winner, and had such a powerful turn of foot, we believe he is a great choice for mares in Australia. When he retired, Nothing to Lose had a Timeform rating of 124--of the Australian stars, only Makybe Diva and Grand Armee had higher.Six-year-old Nothing to Lose (Sky Classic--Cherlindrea, by Clever Trick) won two other graded stakes and was placed in three others. He retired with six wins from 15 starts and earnings of $809,210. He is a full brother to stakes winner Everything to Gain.The deal was brokered by David Bernsen of Carondelet Farm in California.