New Partners in Richland Hills
Updated: Wednesday, January 16, 2008 2:54 PM
Posted: Wednesday, January 16, 2008 8:11 AM
Photo: Richland Hills Farm
Nathan Fox, president of Richland Hills Farm, announced that veteran racetrack executive Corey Johnsen and Ray Reid have joined the farm’s ownership team.
Johnsen is president of Kentucky Downs, in Franklin, Ky., and vice president of Richland Hills, Inc. Johnsen was involved in the development of Lone Star Park and that track’s president when it hosted the 2004 Breeders’ Cup World Thoroughbred Championships. From 2005-2007, Johnsen was president of the Thoroughbred Racing Associations and in 1986 he received an Eclipse Award for local video production. He has worked at Lone Star Park, Remington Park, Arlington Park, Louisiana Downs and Turf Paradise during his career.
Reid is president of Kentucky Downs Partners, LLC and Kentucky Downs Management, Inc. Prior to forming Kentucky Downs Partners, LLC in 2007, Reid served as president of R. Reid Investments, Inc., a private investment banking firm that served energy. He also was founder of R.R.Y. Partners in Dallas and previously worked for Salomon Brothers. In 1978, he assumed corporate finance responsibilities for corporations headquartered in the southwest and to manage Salomon Brothers’ significant partnership investments in oil and gas.
“Their international horse industry experience and business acumen will serve the farm well as we move forward,” Fox said. “I believe that the combination of our promising young stallions, new facilities and ownership team will take Richland Hills to new heights.”
Johnsen and his partners own numerous stallions, mares and foals in Uruguay and Argentina, as well as in Kentucky and New York. All North American thoroughbred interests have been merged into Richland Hills, according to a release from the Midway, Ky., farm. Among the top horses raced by Johnsen, Reid and partners was grade I stakes winner Honey Rose.
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