Headless Horsemen: A Tale of Chemical Colts, Subprime Sales Agents, and the Last Kentucky Derby on Steroids [Hardcover]

Jim Squires (Author)

Book Description

Publication Date: August 4, 2009

A pointed and irreverent critique of thoroughbred racing’s breakdown, by a prominent journalist turned horse breeder

Jim Squires was in trouble. He had gone from one business seemingly intent on committing suicide to another, both led over the cliff by visionless leaders. First it was the newspaper bean-counters’ blind adherence to the demands of Wall Street. Then in horse racing it was a clannish group called “the Dinnies” refusing to share power and unable to see that vast overproduction and unbridled greed had created a subprime-like bubble in the market. Overpriced animals of dubious quality and drug-enhanced performance on the track were undermining the integrity of competition and ultimately the very breed itself. With its economic model broken, its tawdry sales practices under attack, and its public image in tatters after a series of televised fatal breakdowns by horses in famous races, the sport was overdue for a reckoning.

Headless Horsemen is Squires’s comic but poignant critique of what is happening to the sport and the animals he loves, as he and a small group of unlikely heroes agitate for a return to fair dealing. For anyone who cares about the soul and survival of horse racing, this book is an impassioned call to arms.

Editorial Reviews

From Publishers Weekly

Squires, a newspaperman–turned–horse breeder who bred 2001 Kentucky Derby winner Monarchos (chronicled in his 2003 book, Horse of a Different Color), offers a meandering though at times hilarious and informative look at the troubled condition of horse racing at the end of 2008. The book is a subjective combination of memoir, recent horse-racing history and rant at the use of steroids, subprime sales agents and the tradition-laden powers who oversee the horse business, known as the Dinnies. Squires, a self-described pygmy breeder, spins some engaging stories, especially about the exploits and influence wielded by the late veterinarian Dr. Alexander Harthill on the outcomes of the Kentucky Derby. Although Squires is critical of much in horse racing, he writes persuasively about the love for horses that he and his wife share with real horse people. And Squires makes a passionate defense of the integrity of Larry Jones, who trained Eight Belles, the horse euthanized on the track after finishing second and then breaking both ankles in the 2008 Kentucky Derby. For casual horse-racing fans, though, some of his exposition on the multifarious boards that run the industry or the minutiae of X-rays given to horses may be more detail than necessary. (Aug.)
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Review

"Acerbic wit and an insider’s brazen take on the elusive horse-game."—Sam Shepard

"I laughed. I cried. I read this book a second time, and then I cried again. If you want to know how thoroughbred horse racing in the United States has destroyed itself, this is the book for you. If you want to know what is to be done, this is the book for you. I can’t recommend it highly enough."—Jane Smiley

"Jim Squires has written a sad and scathing and all-too-true story about the greed and obtuseness that are destroying the once glorious sport of thoroughbred horse racing and that are turning that most magnificent of God’s creatures -- the thoroughbred horse -- into a steroid-swollen dinosaur. The charlatans of the Kentucky breeding industry and at the New York Racing Association -- as well as their overpaid apologists -- should read every page of Squires’s indictment with heads hung in shame."—Joe McGinniss

"[A]n insider's stunning account of the corrupt practices that threaten both the horses and the game. . . . Squires' folksy style makes for an engrossing read."--Minneapolis Star Tribune

"[A] hilarious and informative look at the troubled condition of horse racing."--Publishers Weekly

"Exposes a thoroughbred horse-racing industry drowning in drug abuse and rife with unscrupulous business practices. . . . A well-told cautionary tale about greed and willful inattention."--Kirkus Reviews

See all Editorial Reviews

Product Details

• Hardcover: 272 pages
• Publisher: Times Books; First Edition edition (August 4, 2009)
• Language: English
• ISBN-10: 0805090606
• ISBN-13: 978-0805090604
• Product Dimensions: 8.4 x 5.8 x 1 inches
• Shipping Weight: 12.8 ounces
• Average Customer Review: 3.4 out of 5 stars  See all reviews (17 customer reviews)
• Amazon Best Sellers Rank: #693,497 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

19 of 21 people found the following review helpful:

4.0 out of 5 stars Dark Shadows in the Winner's Circle, August 4, 2009

By 

Bicycle Day - See all my reviews
(TOP 1000 REVIEWER)   

This review is from: Headless Horsemen: A Tale of Chemical Colts, Subprime Sales Agents, and the Last Kentucky Derby on Steroids (Hardcover)

Greed. Unbridled greed.

Author Jim Squires caught lightning in a jar when his Kentucky-based Two Bucks Farm bred 2001 Kentucky Derby winner Monarchos. Chronicled in his 2002 book, Horse of a Different Color (2003 paperback; Perseus Books Group: PublicAffairs), it is a wonderful story of a small breeding farm defying the odds and permanently carving its name into the Thoroughbred record book.

But there is no joy in Headless Horsemen: A Tale of Chemical Colts, Subprime Sale Agents, and the Last Kentucky Derby on Steroids (August 4, 2009; Times Books: Henry Holt and Company, LLC), as Squires provides a candid account of the other side of the "Sport of Kings," which includes a small club of influential owners and their sycophants who run the industry for private gain, the proliferation of illegal drugs being pumped into equine athletes and the unseemly price manipulation at public auctions and in private deals by "agents" who knowingly inflate prices in a game to boost profits, with a total disregard to the true reality of the marketplace.

The sordid saga is laced with Squires piecing together accounts from a variety of sources - but oftentimes lacking a "smoking gun" of documentary evidence - which is not surprising, since every facet of the industry has mostly avoided the public and professional scrutiny found in other sports. There are explosive allegations that may not be new to those who meticulously follow racing, but are now available to a wider audience.

Squires believes that steroids entered the sport as early as the 1950s and other dangerous drugs like cocaine were used to boost the performances of racers for many years. He alleges that the iconic Secretariat - the 1973 Triple Crown champion and considered by many historians and fans as the greatest ever - may have raced while on steroids.

And as with the now tainted 1998 season-long home run derby between Mark McGwire (70 homers) and Sammy Sosa (66), it was two recent equine superstars that brought the steroid debate in racing to the national stage. Two-time Horse of the Year (2007-2008) Curlin and 2008 Kentucky Derby and Preakness Stakes winner Big Brown each competed while on steroids, with the dosages used legal in certain states.

"These two champions are poster boys for the steroid era in racing," writes Squires.

The bloodlines in the boardroom are often as impressive as those found in the winner's circle in many top races, but - according to Squires - does not always deliver the same results, especially in The Jockey Club. Founded in 1894, it is the authority for all Thoroughbreds in North America, Canada and Puerto Rico. Because of the power wielded by two individuals - Ogden Mills Phipps and William S. Farish III - Squires says the organization has shirked establishing a firm leadership role within the industry.

Phipps is the grandson of Henry Phipps, who founded Bessemer Trust, and the son of Ogden Phipps, who was a racing executive and Thoroughbred owner/breeder, philanthropist and art collector. Farish III - the U.S. Ambassador to the United Kingdom from 2001 to 2004 - is the grandson of William S. Farish II, the founder and vice president of Humble Oil and Refining Company and president of Jersey Standard, who - in 1942 - pleaded "no contest" to criminally conspiring with the Nazi government in Germany.

There are also several shadowy veterinarians and an incident last year that Squires says was a conspiracy to silence his criticism of the industry. In November, the Delaware Thoroughbred Racing Commission upheld a stewards ruling against trainer Larry Jones for Stones River failing a drug test after winning a June 8 race at Delaware Park. The runner is owned by Squires and it was the first ruling against Jones - who was suspended for seven days and fined [....]- in more than 25 years of training. Squires says the incident involved sabotage of the horse or drug test.

Squires suggests a number of major policy changes that ultimately centers on Thoroughbred racing receiving federal antitrust exemption, like Major League Baseball, which would open the barn doors to - for example - uniform drug reform and stringent oversight of sales organizations through a national commissioner's office.

For more than 30 years, Thoroughbred racing has seen the erosion of its popularity with sports fans and railbirds to the point where survival for many tracks now hinge on alternative gaming revenues generated through slot machines and card tables. But the problems in the industry run deeper than finding cash to bolster purses for races. Squires does not mince words in his very public attempt to end the cycle of greed...once and for all.

11 of 12 people found the following review helpful:

5.0 out of 5 stars A Must Read For Horseracing Fans, August 11, 2009

By 

B. Clark - See all my reviews
(REAL NAME)   

This review is from: Headless Horsemen: A Tale of Chemical Colts, Subprime Sales Agents, and the Last Kentucky Derby on Steroids (Hardcover)

Squires book is an insiders take on what is ruining the horse racing industry. The thing I like
best about Squires book is that he holds no punches and is painfully candid.
From health battles, to personal feuds, to taking his finger and clearly pointing it at who is exactly at fault, the book is amazing. Squires has boldly gone where no horse racing author has gone before. He takes on the biggest and richest leaders in the racing world with an incredible amount of humor and humility.
I would recommend this book for every 2 dollar better to anybody who has been lucky enough to bid on or own a thoroughbred. Three cheers for Squires.

7 of 7 people found the following review helpful:

2.0 out of 5 stars Disappointing, October 10, 2009

By 

Portland Pony (Portland, OR USA) - See all my reviews

This review is from: Headless Horsemen: A Tale of Chemical Colts, Subprime Sales Agents, and the Last Kentucky Derby on Steroids (Hardcover)

This could have been a wonderful book. The subject is good. The writing isn't.

I had to force myself to keep reading until the end. Then I wanted to take all the information from it, spread it out, organize it, and put it back together into a logical and coherent story. I suspect that if I tried that, I'd find some duplicated pieces and a lot of missing ones. Several times, I had to reread sentences trying to make sense of them. I should have made notes so I could give examples of problems, but I didn't, and I'm not about to reread it to do so.

It's a mystery why Mr. Squires thought he should include his ordeal with kidney stones anywhere in the book. His problems with Indian Charlie also seemed off track. He also went on and on about his love for a mare, which seemed to have nothing to do with the subject of the book. These pieces probably could have been woven into the story neatly if more care had been taken with them. Instead, they're just strange, jolting sidetracks.

My impression is that this book was written hastily and put into print without any editor saying, "Whoa, this needs a lot more work!"