Kia Joorabchian

Who is Behind Amo Racing?

Image Source: Freepik

Who is Behind Amo Racing? Kia Joorabchian is a name synonymous with high-stakes dealings and influence in both football and horse racing. Born in Iran, Joorabchian’s rise to prominence began in the world of football, where he established himself as one of the most successful and controversial football transfer agents of his generation. Over the years, his business acumen, vast network, and strategic thinking have allowed him to carve out an extraordinary career in multiple industries, culminating in his foray into the high-end world of thoroughbred racing with his racing operation, Amo Racing.

The Rise in Football Transfers:

Joorabchian’s involvement in football can be traced back to the early 2000s, when he began representing high-profile football players and orchestrating major transfers. He quickly gained a reputation for securing lucrative deals and navigating the complex world of football transactions with efficiency and boldness. His name first became widely known when he facilitated the transfer of players like Carlos Tévez and Javier Mascherano to West Ham United in 2006, which generated considerable media attention due to the unconventional nature of the deal. The transfer sparked an investigation into the ownership of the players’ economic rights, which had been sold to Joorabchian’s company, Media Sports Investment (MSI), a practice that was, at the time, highly controversial.

While Joorabchian’s methods of conducting transfers were often seen as innovative, they also attracted criticism and legal challenges, particularly concerning the practice of third-party ownership of players. However, despite these controversies, Joorabchian continued to thrive as a football agent, negotiating high-value contracts and maintaining relationships with some of the world’s most prominent football clubs. His connections to global football powerhouses and wealthy club owners helped him secure major deals, and over time, he established himself as one of the most influential agents in the sport.

Transition to Horse Racing: Amo Racing:

Though Joorabchian made his fortune in football, his interest in horse racing grew over time, leading to the formation of his own racing operation, Amo Racing. The transition from football to racing was a natural one for Joorabchian, who had long been a fan of the sport and saw it as a lucrative avenue to diversify his investments.

Founded in 2019, Amo Racing quickly gained attention in the horse racing world. Joorabchian’s approach to racing was similar to his approach in football—focused on quality, strategic acquisitions, and high-profile investments. With Amo Racing, Joorabchian set out to build a competitive force in the sport, aiming for success on the track while also leveraging his connections and experience to make high-stakes purchases at top auctions.

One of the most significant moments in Amo Racing’s rise came with the acquisition of top-quality yearlings at major auctions, including the prestigious Tattersalls October Yearling Sale in Newmarket. Joorabchian made headlines in 2024 with the purchase of a Frankel filly for 4.4 million guineas (£4.62m), the second-highest price ever for a yearling at a European auction. This purchase solidified Amo Racing’s place as a significant player in the world of elite horse racing.

In addition to the Frankel filly, Amo Racing has also been involved in several high-profile acquisitions of top-tier thoroughbreds, furthering Joorabchian’s aim of building a world-class stable capable of competing at the highest level. Under his leadership, Amo Racing has made significant investments in bloodstock, focusing on horses with the potential to succeed on the track and, in some cases, become future stallions. The success of Amo Racing’s horses, coupled with Joorabchian’s wealth and business strategies, has earned him respect in the racing community.

Joorabchian’s Philosophy and Ambition in Racing:

For Joorabchian, the move into horse racing was more than just a business opportunity—it was a passion project that allowed him to channel his competitive spirit into a new arena. His strategy mirrors his approach in football, emphasizing quality over quantity and targeting the very best horses at top sales. Amo Racing’s early success is a testament to Joorabchian’s understanding of the industry, his ability to make shrewd acquisitions, and his commitment to building a long-term legacy in the sport.

Speaking about his ambitions for Amo Racing, Joorabchian has emphasized that his goal is to not only achieve immediate success but also to leave a lasting impact on the racing world. “For us to get to the next level, we have to target the best stock,” Joorabchian has said, referring to the significant investments made in securing some of the finest bloodstock available, including a £4M+ Frankel filly. His willingness to spend millions on yearlings at auction reflects his belief in the long-term potential of the sport and his commitment to success.

The Future of Amo Racing:

With the continued backing of Joorabchian’s wealth and vision, Amo Racing is poised for even greater success in the years to come. Joorabchian’s track record as a football agent and his strategic investments in horse racing suggest that Amo Racing will continue to be a major force in the sport. As he further strengthens the operation, the potential for victory in some of the world’s most prestigious races remains high, positioning Joorabchian and Amo Racing as one of the most exciting and ambitious players in the horse racing industry.

Joorabchian’s journey from football agent to horse racing mogul highlights his ability to adapt and thrive in different fields, demonstrating his skill in navigating the complexities of elite sports. With Amo Racing, he is poised to leave a significant legacy in the world of thoroughbred racing, continuing to blend passion, strategy, and business acumen to great effect.

Photo: Freepik

What is the Most Expensive Frankel Offspring Ever Sold?

What is the Most Expensive Frankel Offspring Ever Sold? The 2024 Tattersalls October Yearling Sale in Newmarket marked a new milestone in the world of horse racing, as Frankel, one of the most highly revered stallions in modern history, saw some of his progeny sell for eye-watering prices. Among the most notable was a Frankel filly that set the sale alight, fetching an astonishing 4.4 million guineas (£4.62m), making it the second-highest price ever paid for a yearling at a European auction.

The Record-Breaking Frankel Filly:

This exceptional filly, out of Group Two Duke of Cambridge Stakes winner Aljazzi, was the undisputed star of Book One of the 2024 Tattersalls auction, held from October 8th to 10th. Her final hammer price of 4.4 million guineas positioned her as the second most expensive yearling ever sold in Europe, just behind the 5 million guineas paid for a Galileo filly in 2013.

The filly was purchased by Kia Joorabchian, the owner of Amo Racing, alongside bloodstock agent Alex Elliott, after a tense bidding war with Japanese trainer Mitsu Nakauchida. The decision to secure the Frankel filly was a strategic one for Joorabchian, whose Amo Racing has made significant waves in the racing world in recent years. Joorabchian’s team had recognized the filly’s immense potential from both a physical and pedigree perspective.

Alex Elliott, who was instrumental in purchasing the filly, explained the allure of the horse: “Kia and partners wanted the filly very badly. A Frankel filly from that family and with that physical make-up – she was always going to be a collector’s item.” Elliott was candid about the price, admitting that while he had discussed the filly at length, he did not expect her to surpass 4 million guineas. Yet, her quality and pedigree clearly spoke volumes to the major players in the room.

Julian Dollar, the consignor of the filly from Newsells Park Stud, also expressed his surprise at the final price. “To be honest, I was hoping she would make a million, and that would have been nice, but obviously some good players had her valued at twice that,” Dollar said. He praised both Joorabchian and Nakauchida, acknowledging the competition for such an exceptional yearling.

Amo Racing’s Significant Investment at Tattersalls:

This sale was not an isolated case of high spending for Amo Racing. The racing operation, led by Joorabchian, also set a new record for the most expensive colt sold during the Book One portion of the auction. A Wootton Bassett colt, also purchased by Amo Racing, fetched a price of 4.3 million guineas (£4.515m). This marked a new record for a colt in this prestigious part of the Tattersalls sale, reinforcing Amo Racing’s commitment to investing in top-tier bloodstock.

The colt, bred by Lodge Park Stud, was admired for his pedigree and physicality, with Jamie Burns of Lodge Park remarking on the family’s consistent success. Burns was visibly emotional when the final price surpassed 4 million guineas, a clear testament to the colt’s exceptional quality. Bloodstock agent Alex Elliott, who was also involved in the purchase, described the colt as “close to perfection” and likened him to the ideal racehorse.

Joorabchian was equally enthusiastic about the colt, highlighting the importance of targeting the best horses to elevate Amo Racing to the next level. “When we saw this colt, every member of my team said ‘We can’t leave without him,’” Joorabchian said.

Frankel’s Legacy and Amo Racing’s Ambitious Vision:

Frankel’s continued success at the sales is a reflection of his exceptional legacy as one of the greatest racehorses of all time. The stallion, now based at Juddmonte Farms, has produced offspring who have gone on to achieve remarkable results on the track. His progeny’s success has not only enhanced his reputation as a sire but also made his offspring among the most coveted in the market.

For Kia Joorabchian and Amo Racing, purchasing such high-profile yearlings is part of a broader strategy to elevate the operation to new heights. With Joorabchian’s ambition and financial backing, Amo Racing is positioning itself as a major force in the racing world, targeting the finest stock to produce future champions.

In total, the 2024 Tattersalls October Yearling Sale saw 345 lots sold, bringing in a total turnover of 127.8 million guineas (£134.2 million), with an average price of 370,501 guineas (£389,026). The sale solidified the growing presence of Amo Racing and other high-net-worth buyers in the market for elite bloodstock.

As Frankel continues to dominate both the racetrack and the sales ring, his legacy is further cemented by the extraordinary prices his progeny command. The 2024 Tattersalls October Yearling Sale demonstrated the high regard in which Frankel and his offspring are held, with Joorabchian’s Amo Racing emerging as one of the key players in this elite arena.

Photo: JC 2024 (Newmarket)