Word: niatross
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...befits a colt of his stature, Niatross was syndicated last year for a record $8 million while still a two-year-old. The horse quickly acquired a slew of proud parents: 26, to be exact, including the 71-year-old woman who bred him, the trainer-driver who has shepherded his development since he was a weanling, the securities executive who put together the syndicate to manage his stud career and 23 investors. Unfortunately, it is not one big happy family. Niatross's various owners have slapped one another with lawsuits, attempting to gain control over the colt...
While his owners squabble, Niatross keeps on winning...
...long history of harness racing, there has never been a horse quite like the big bay colt called Niatross. Winner of 30 races in 32 trips to the post, he is the Secretariat of his sport. The fastest pacer ever to pull a sulky, Niatross holds world records for both the racing mile and a mile in a time trial. Last weekend, he won the Messenger Stakes at New York's Roosevelt Raceway by two lengths on a rain-soaked track to capture the Triple Crown for pacers.* Niatross thus became only the sixth pacer in history...
...apprentice to the woman's stables in Grand Island, N.Y., and over the years trained many of her top pacers. After Berger moved her breeding operation to Hanover Shoe Farms, she continued to use Galbraith as a trainer and, occasionally, offered him joint ownership of selected horses. Niatross was among them. Says Berger: "We've always been friends. He's trained my horses, and from time to time I've given him a horse. Clint is family...
When Galbraith took his strapping (16 hands high) colt to the races, Niatross showed none of the gangliness of youth, winning his first six starts. Enter Stockbroker Guida, a Merrill, Lynch executive who dabbled in harness syndications as a sideline. In September of 1979, Guida bought half-interest in the colt for $2.5 million in cash plus performance bonuses. He quickly recouped that investment by selling 20 shares at $200,000 each...