Word: wolfsons
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...convict remains bitter about his prison stint. Some Wall Street lawyers found the sentence extraordinarily harsh for an offense customarily punished by fines. The episode also brought to a standstill a project that was beginning to preoccupy Wolfson more than any business deals: turning his 478-acre...
Harbor View Farm near Ocala, Fla., into a world-class racing stable. A half dozen years after its birth in 1958, Harbor View be came racing's second top money-winning stable (after Wheatley), but the purses dried up with Wolfson's conviction. Reason: some states will not renew the racing license of anyone convicted of a serious crime. Wolfson felt that his crime was not sufficiently serious, but after a friendly New York racing-board member warned him that his 1969 application would be rejected, Wolfson chose not to apply. He stayed out of racing until...
...concentrate on racing, which now takes up about 80% of his time, Wolfson has virtually dismantled his corporate empire, once estimated at being worth close to $100 million. The Wolfsons sold Harbor View Farm last year, but kept the name and now own some 250 horses. Despite their success on the track, expenses are so high ($3 million a year) that the Wolfsons have not always been in the black during the past few years. Affirmed has solved that problem. Some of the Wolfsons' horses are kept in Kentucky, where Louis is respected as a smart and honest...
...distances, into the winner of the Kentucky Derby and the Belmont. He was the leading trainer in both 1976 and 1977. Last year his horses earned $2.7 mil lion, and this year- with Affirmed cleaning up- he has already won over $1 million. Barrera gets along just fine with Wolfson: "He leaves me to do my job - he's a nice man to work...
...Another Wolfson family favorite is Stevie Cauthen, whom Patrice finds uncannily compatible with her horse. "This Thoroughbred and Cauthen both seem so mature," she says. "But they're both so young. Both are very businesslike. Cauthen came in to ride in his first derby, and it was like he'd done it all before. And Affirmed was just like him, totally calm. The horse is quiet-the boy is quiet. Both are natural athletes. Affirmed has a beautiful look about him, and Cauthen's just the same...