Private Terms, the unbeaten favorite for the 1988 Kentucky Derby (gr. I) and sire of 23 stakes winners was euthanized due to the infirmities of old age last week it was announced by Claiborne Farm Jan. 29. The 25-year-old son of Private Account had been pensioned from stud duty following the 2006 breeding season.
Private Terms was out of the Bold Ruler mare Laughter, who was a half-sister to the legendary Ruffian.
Bred in Kentucky by Mr. and Mrs. Stuart Janney Jr. and raced by the Janney’s Locust Hill Farm, Private Terms headed to Louisville in the spring of 1988 a perfect seven-for-seven with wins over Seeking the Gold in both the Gotham Stakes (gr. II) and Wood Memorial Invitational Stakes (gr. I) to his credit. Trained by Marylander Charlie Hadry, Private Terms finished ninth at the 7-2 favorite under the Twin Spires behind the filly Winning Colors in the Derby. Two weeks later, Private Terms finished fourth behind Risen Star, Brian's Time, and Winning Colors in the Preakness Stakes (gr. I).
As an older horse, he won three of four races including the Mass ’Cap at Suffolk Downs and set a track record at Pimlico for 1 1/8 miles (1:47 1/5). In all he won 12 of 17 starts and earned $1,243,947.
Retired to stud initially at Northview Stallion Station in Maryland in 1990, Private Terms commanded a fee of $15,000. He was moved in 1995 to Claiborne Farm, near Paris, Ky. From 17 crops he sired 667 foals and the earners of more than $27 million.
As a sire, he was responsible for major winners Soul of the Matter and Afternoon Deelites. Soul of the Matter won the 1994 Super Derby (gr. I) and was second to Cigar in the inaugural Dubai World Cup (UAE-I) in 1996 while earning in excess of $2 million. Afternoon Deelites won the 1994 Hollywood Futurity (gr. I) and 1995 Malibu Stakes (gr. I) while earning more than $1 million. Both horses were bred and raced by Burt Bacharach and trained by Hall of Famer Richard Mandella.
He is also the broodmare sire of 2009 Hawthorne Derby (gr. IIIT) winner Proceed Bee.
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