John and Diane Fradkins

Timing is everything, right? Well, for John and Diane Fradkin, mistaken timing was everything. If not for a faulty timer at Del Mar, the Fradkins might have sold their debut winning, home-bred two-year-old colt, Rombauer, last year. Instead, they kept him. Rombauer rewarded them with his stunning victory in this year’s Preakness Stakes and then a distant, but certainly respectable, third in the Belmont Stakes.

The Fradkins breed to sell, not to race; and they figured they’d be offered a huge price after Rombauer won his one-mile, grass debut by a half-length by roaring home in :22 4/5 in his final quarter-mile. “I don’t think I’ve ever seen a first-time two-year-old do that,” John said. 

Fradkin expected multiple offers. Instead, Rombauer was given a pedestrian Beyer Speed Figure of 48 for his victory in 1:38 1/5. “Something just didn’t feel right about that time,” Fradkin said. “The mistake was substantial. I think it was the equivalent to a full second. I think it was the difference between someone offering $250,000 and getting no offers after a maiden special weight at Del Mar in the summer. Two weeks later, there were substantial stories about the times being wrong at Del Mar. The Speed Figure was changed from 48 to 55. And I still think it should have been closer to 70.”

Regardless, Rombauer soon generated multiple offers. In his second start, Rombauer finished sixth in a grass stakes. Then, in his dirt debut in the Gr. 1 American Pharoah Stakes at Santa Anita last September 24, Rombauer finished second by three-quarters of a length to Get Her Number, defeating highly regarded third-place finisher Spielberg by 4 ¾ lengths.

“We did take a gamble by not selling him, ever since he hit the board in the American Pharoah,” Fradkin said. “It was a gamble, and it paid off.”

Big time. And it was much appreciated. “There are a lot of ups and a lot of downs in racing,” he said. “We’ve been in the game since ’93 and breeding since ’97. You can go many years in a row losing money.”

This won’t be one of them. “The last month has been surreal,” Fradkin said.

Fradkin, who lives in California, got his first taste of horse racing in 1970 when he spent the summer in Cherry Hill, N.J. “I was 11 years old, and we went to Delaware Park,” he said. “I remember it was fun. I still remember a horse I bet on who won—a gray horse. He came from last and won.”

Could he have envisioned breeding and owning a Gr. 1 stakes winner? “Of course not,” he said.

Fast forward some 15 years. Fradkin was working as an institutional bond salesman, which meant keeping Wall Street hours and finishing your day at 2 p.m. A co-worker who grew up near Santa Anita convinced Fradkin to journey to the famed track. “He taught me how to read the Daily Racing Form,” Fradkin said. “He taught me how to handicap.”

Subsequently, Fradkin figured he’d be a better handicapper if he owned a horse. He claimed a seven-year-old gelding named Ruff Hombre for $25,000 on June 24t, 1993. Ruff Hombre finished 11th that afternoon. But given nearly two months to recover from new trainer Ron Ellis, Ruff Hombre won his first start for Fradkin by three lengths in a $20,000 claimer. Ruff Hombre, who won 18 of his 74 career starts and earned more than $230,000, never raced again; but he had kick-started his owner’s new career—breeding.

Using the money they earned from Ruff Hombre’s victory, the Fradkins went to the 1993 Keeneland September Sale, and with the help of a bloodstock agent they hired, purchased Ultrafleet for $10,500. “We gave her to Ron Ellis,” Fradkin said. Ultrafleet didn’t do well on the track, so the Fradkins decided to breed her. She turned into a broodmare superstar.

Her stars include Cambiocorsa, who won six straight races at Santa Anita and earned more than $520,000; California Flag, who won 11 of 27 starts, including the 2009 Breeders’ Cup Turf Sprint, and earned nearly $1.3 million; and Cashmere, the dam of Rombauer.

Rombauer ended his two-year-old season by rallying from 11th to 5th in the Breeders’ Cup Juvenile to Essential Quality, who would be named Two-Year-Old Champion. In his three-year-old debut on the synthetic track at Golden Gate Fields, Rombauer won by a neck, earning an all-expenses-paid entrance into the Preakness.

Trainer Mike McCarthy wanted to start Rombauer in the Kentucky Derby, but Fradkin convinced him to bring him back in the Preakness.

“When he started to range up around the turn and got into third, I felt pretty good about him hitting the board,” Fradkin said. “I told my wife, `He’s going to hit the board! He’s going to hit the board!’ Then I said, “He’s going to win! He’s going to win!”

He did, by 3 ½ lengths.

“It was a great feeling,” Fradkin said.

It still is.

“We don’t have kids,” Fradkin said. “In some ways, the horses we breed are like our kids. It's an emotional feeling, probably like the one parents get from watching their kids play Little League. We kind of feel the same way.”

Thank goodness for mistaken timing.