J. Paul Reddam

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J. Paul Reddam
Born John Paul Reddam
(1955-07-28) July 28, 1955 (age 59)
Windsor, Ontario, Canada
Residence Sunset Beach, California, United States
Nationality Canadian
Alma mater University of Windsor (B.A.)
University of Toronto (M.A.)
University of Southern California (Ph.D.)
Occupation Businessman
Spouse(s) Zillah
Children Earl Putolito

John Paul Reddam B.A. M.A. Ph.D. (born July 28, 1955) is a Canadian businessman, Thoroughbred racehorse owner, and a former professor of philosophy at California State University, Los Angeles.[1]

Biography[edit]

Career[edit]

Known by his middle name, J. Paul Reddam was born in Windsor, Ontario, Canada, and graduated from the University of Windsor with a bachelor's degree in psychology. He then obtained a master's degree in philosophy from the University of Toronto.[1] In 1979, he moved to California to earn his Ph.D. at the University of Southern California and would make his home in that state.[1][2] In 1995, he established a mortgage lending company, Ditech, and sold the business to General Motors in 1999.[1] The New York Times [3] reported that Governor of California Jerry Brown characterized Reddam's company's debt collection methods as loan sharking.

He now owns CashCall, Inc., another firm specializing in small loans at very high interest rates.

Horse racing[edit]

As a young man, Reddam became interested in the harness races held at Windsor Raceway that eventually led to his involvement as an owner while working as a university professor in Los Angeles. He currently has Standardbred horses competing at Windsor Raceway and at Cal Expo in Sacramento, California. In 1988 he acquired his first Thoroughbred and has expanded his involvement to a current forty-horse racing stable plus twenty broodmares for his own breeding operations through arrangements with breeding farms in California and Kentucky.[4]

Widely respected in the industry for his strong support of Thoroughbred racing, Reddam's first major success came in 2004 with a win by 75%-owned Wilko in the Breeders' Cup Juvenile [5] and his next in 2006 with Red Rocks in the Breeders' Cup Turf.[6] His Thoroughbred racing stable is led by head trainer Doug O'Neill, with several horses being conditioned by Craig Dollase. His greatest achievement came when his colt I'll Have Another, from 19th position, won the 2012 Kentucky Derby and the 2012 Preakness Stakes. The New York Times reported that the trainer used by Reddam was suspended for drug violation.[7]

References[edit]

  1. ^ a b c d "Paul Reddam". National Thoroughbred Racing Association. ESPN. 2010-04-03. Archived from the original on 2012-05-05. Retrieved 2012-05-05. 
  2. ^ College professor turned loan agent hits it big as owner of Kentucky Derby winner
  3. ^ Sandomir, Richard (June 5, 2012). "Belmont Stakes: Reddam Is One Win From Triple Crown". The New York Times. 
  4. ^ October 11, 2006 Bloodhorse.com interview with J. Paul Reddam
  5. ^ Wilko's race record at the NTRA
  6. ^ Red Rock's race record at the NTRA
  7. ^ Sandomir, Richard (June 5, 2012). "In Other Races: Paying Back the Owner of a Triple Crown Hopeful". The New York Times. Retrieved June 9, 2012.