Mugatu’s Owner Hoping for Huge Return on Modest Investment 

May 8, 2024

Mugatu breaking his maiden at Gulfstream Park Nov. 18, 2023. (Lauren King)

David Joseph/Maryland Jockey Club

BALTIMORE, Md. – Christopher Britton, who has dabbled in Thoroughbred ownership for the past 14 years, wasn’t necessarily looking to buy a Preakness Stakes (G1) prospect when he asked bloodstock agent Dan Preiss to purchase a horse for his Average Joe Racing Stables Ltd.

“We didn’t have that big of a budget,” Britton said. “We told our bloodstock agent, ‘Find us as nice a one as you can get for $15,000 at the OBS sale.”’

A 2-year-old son of Blofeld joined Average Joe Racing Stables Ltd. and Dan Wells after selling at the ‘bargain’ price of $14,000.  When it came to naming the colt, there were two camps of thought.

“We got with each other, the owners, and bounced some names around. It came down to Mugatu, which some people liked because they liked that Zoolander movie,” Britton recalled, “and there were a couple of us who like Mr. Blojangles, because he was by Blofeld. Mugatu ended up winning the shake, you could say.”

Mugatu, named after Zoolander villain Jacobim Mugatu, would go on to graduate impressively in his fifth career start in a mile-and-70-yard maiden special weight race on Tapeta at Gulfstream Park by 3 ¼ lengths Nov. 18. He went winless in five subsequent starts at Gulfstream and Turfway before closing from last in a 10-horse field to finish fifth in the April 6 Blue Grass (G1) over Keeneland’s main track behind Sierra Leone, Just a Touch, Epic Ride and Dornoch, all of whom went on to run in Saturday’s Kentucky Derby (G1). Seize the Grey, who finished seventh in the Blue Grass, went on to win the Pat Day Mile (G2) on the Derby undercard. Due to late defections, Mugatu was on the bubble to make the Kentucky Derby field.

“At first, we didn’t want to get our hopes up because we were third alternate, Britton said. “Then Seize the Grey went ahead and dropped out and went to the Pat Day Mile, which was good for them because they won it. Then Encino scratches, and we were sitting here on Tuesday thinking it could be a reality. It didn’t happen.”

Britton has worked 17 years at Union Home Mortgage in greater Cleveland, Ohio, where Bill Cosgrove, who operates Lea Farms LLC, serves as Chief Executive Officer. Lea Farms LLC’s Power Squeeze, who captured the Gulfstream Park Oaks (G2), finished sixth in Friday’s Kentucky Oaks (G1).

“I sort of got him into the racing game about four years ago. There were a few horses we did together, but he’s on a different playing field than we are, so he’s sort of done his own thing and has had pretty good success,” Britton said. “He had one in the Oaks, and if we could have drawn into the Derby, that would have been real neat.” 

Britton and Mugatu’s trainer Jeff Engler have been longtime friends since playing ball together in their hometown, Westchester, Ohio.

Preakness Possibles

Copper Tax (Gary Capuano)

• Imagination (Bob Baffert)

Informed Patriot (Steve Asmussen)

Just Steel (D. Wayne Lukas)

Mugatu (Jeff Engler)

Muth (Bob Baffert)

Mystik Dan (Kenny McPeek)

Seize the Grey (D. Wayne Lukas)

Tuscan Gold (Chad Brown) 

Uncle Heavy (Butch Reid)

Save these dates!

May 16 The Alibi Breakfast

May 9 Pimlico Race Course Opening Day

May 15 ABR’s Pre-Preakness Party Tickets Now Available

May 17 Black-Eyed Susan Day

May 18 Preakness Day

May 20-21 Fasig Tipton at Timonium

Join the Coach at the Alibi Breakfast Thursday, May 16 to ‘Boast, Toast and Roast!’  

The Alibi Breakfast features an annual gathering of horsemen and media to celebrate the Preakness and to solicit interesting race predications. It has also become an opportunity for the Maryland Jockey Club to recognize those who have made significant contributions to the racing industry. Click for tickets.

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