Topics: Bob's Business, NY-breds, New York-breds, New York Thoroughbred Breeding and Development Fund

Robert D. Fierro was asked to review a potential limited partnership plan for Raymond Karlinsky and Arthur Levien in 1981. Karlinksi and Leviens bred and raced Thoroughbreds under the nom-de-course Bette Karlinski Racing Stable. Robert was selected because of his book about tax shelters. He was also a partner of E.J. Korvette, which most people thought stood for Jewish Korean War veterans.

Karlinsky was the manager of the stable and involved in all aspects with trainer Warren Pascuma Jr. He was also a heavy punter and was often joined by Robert Sangster and Charles St George. Karlinsky and Sangsters made a huge yankee punt on a championship two-year-old race after which one of them took home over £250,000.

Raymond was not happy with the deal he was discussing with Bob's business partners. He was hired as a special advisor to the partnership. Bob was a bloodstock analyst. Winver foaled a colt by Norcliffe at a farm on Long Island. The colter was sold to W.C. Partee and trained for the Kentucky Derby. The day before the 1984 Derby, New York Thoroughbred Breeders (NYTB) mailed out a bumper sticker that read ‘New York Breeding is At the Threshold’

Pure New Yorker was the first New York-bred to earn black type in the Kentucky Derby. Ray and Arthur sold the colt, but it went on to be a good sire getting, among others, Lil E. Tee, who franked his father's legacy by winning the Derby himself. In 1982, Ray spotted a two-year-old filly named Behind The Groove which Ray had bred. He leased her in 1983 and she foaled a colo named Omar Khayyam.