Apologies for the large gap between updates on Cable Boss—he’s just been hanging out back at the farm where he was born, Bridlewood in Ocala.
While there was some hope that we may be able to find a place for him to stand at stud, that has not come to fruition. We can’t say we’re necessarily surprised about that given that the main reason for him having some stallion appeal is that he’s a half to MG1SW Catholic Boy, who himself has not panned out at stud and has been relocated from Kentucky to California for the upcoming breeding season.
At this point we would be very surprised if Cable Boss were to find a farm interested in standing him for 2025.
Our partner and his breeder, Bridlewood Farm, seems a bit more willing to give it some additional time to see if a stallion career develops. Since there is still a very modest amount in the reserve that we prefer to return to shareholders, we have given them the option to take over our piece of the horse to continue searching for a stud deal (even if one was to come about, it would not be very lucrative), or they may just agree to send him now to New Vocations in Ocala so he can be retrained and rehomed. If Bridlewood were to take over our piece, but not find a place to stand him, they would still plan to send him to New Vocations.
Regardless of the decision by Bridlewood, we will be closing the series to ensure any losses for the partners can be used for 2024 tax assessments and if there are any unused reserve funds left those will be distributed on a pro rata basis in the next 30-45 days.
We will keep in close touch with Bridlewood and provide another update as plans are solidified.