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A group led by winemaker Jess Jackson paid $2.6 million for an 80% majority interest in rising star Curlin, who later won the Breeders Cup Classic and became Horse of the Year, in 2007.
The purchase price, long held secret, has been released for the first time in a motion filed in a civil case against Curlin’s two minority owners. Until Tuesday, the sale price had been reported to be in the $3.5 million range.
Jackson headed a group with three partners in buying a majority interest in the chestnut colt from lawyers William Gallion and Shirley Cunningham Jr. Jackson later bought out his partners. Gallion and Cunningham retain a 20% interest in the 2007 Horse of the Year.
Gallion and Cunningham are awaiting a second trial on charges that they conspired to illegally take $65 million from clients in a $200 million settlement over the diet drug fen-phen. The motion containing the sale price was filed in a related civil lawsuit against the men.
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