Newgate and partners have purchased a majority stake in highly rated two-year-old colt Profiteer from leading Victorian syndicators Roll the Dice Racing.

Trained by Mick Price and Michael Kent Jr, the son of Golden Slipper winner Capitalist won on debut at Flemington in December in explosive fashion in a performance that rated through the sky by many of the industry’s leading form analysts.

“We have bought into Profiteer on a very similar deal structure to what we did when we purchased a stake in Extreme Choice prior to his Blue Diamond coup.  Leading form analyst Daniel O’Sullivan, who we work very closely with, was the reason we purchased a stake in Extreme Choice at an early stage and he was very encouraging of us to do the same with Profiteer,” said Newgate’s Managing Director Henry Field.

“We are currently in the process of syndicating Profiteer amongst many of the country’s leading bloodstock investors with a small amount left to place which we will finalise early this week, ” said Henry Field.

Roll the Dice Racing was delighted to broker a deal with Newgate for Profiteer’s future stud career in a deal structure where both parties can be involved in his future racing career.   “We are rapt to be partnering with Newgate in the ownership of Profiteer,” commented Roll the Dice Racing’s Director Leigh Saville. “It’s been a pleasure dealing with Henry Field and the team, and we look forward to growing this relationship. Profiteer was born and raised at Newgate, and it will be great to see him return home to join some of Australia’s best stallions.”

Profiteer will race in this coming Saturday’s Inglis Millennium where he is the current odds-on favourite before targeting the Group 1 Blue Diamond or Group 1 Golden Slipper.