Weatherford, Texas horseman, rancher and real estate developer Preston M. Carter has been involved with horses all of his life. In the late 1970s, Preston became involved with racing through his friendship with B.F. Philips, Jr., and Jerry Rheudasil.
While owning both Thoroughbreds and Quarter Horses, Preston raced many stakes winners, with the most notable being the $1.16 Million earner On A High. In 1983, the Philips, Rheudasil and Carter owned On A High earned $1 million for winning the prestigious $2 Million All American Futurity as Ruidoso Downs. The next year at Manor Downs, On A High set a 440-yeard Texas record while winning the Texas Quarter Horse Association Derby.
On A High continues to stand at stud and is the No. 11(2014) all time leading living sire of American Quarter Horse money earners. A trust for Preston's children remains involved in the ownership of On A High.
Other horses that Preston owned include the stakes winner Sixarun, a $291,000 earner and Texas Champion who went on to sire the earners of nearly $8 Million. Now pensioned, Sixarun is the No. 14 all-time leading living sire of American Quarter Horse money earners. Sixarun was bought by Texas Horseracing Hall of Fame member Clarence Scharbauer, Jr.
Formerly president and chairman of the board of the Texas Horse Racing Association, Preston was a life member of the American Quarter Horse Association, the Texas Thoroughbred Association and the Texas Quarter Horse Association. He was an honorary vice president of the Texas Quarter horse Association.
Preston was one of the key figures in the passage of pari-mutuel legislation in Texas in the 1980s. After the successful passage of pari-mutuel wagering in 1987, Preston embarked upon his dream of building a racetrack in North Texas. Preston formed a partnership of Thoroughbred and Quarter Horse owners known as Lone Star Jockey Club and in 1992 was awarded the license to build Lone Star Park. Carter sold an interest in the largest and most successful track in Texas just before the track opened in 1997.
While owning both Thoroughbreds and Quarter Horses, Preston raced many stakes winners, with the most notable being the $1.16 Million earner On A High. In 1983, the Philips, Rheudasil and Carter owned On A High earned $1 million for winning the prestigious $2 Million All American Futurity as Ruidoso Downs. The next year at Manor Downs, On A High set a 440-yeard Texas record while winning the Texas Quarter Horse Association Derby.
On A High continues to stand at stud and is the No. 11(2014) all time leading living sire of American Quarter Horse money earners. A trust for Preston's children remains involved in the ownership of On A High.
Other horses that Preston owned include the stakes winner Sixarun, a $291,000 earner and Texas Champion who went on to sire the earners of nearly $8 Million. Now pensioned, Sixarun is the No. 14 all-time leading living sire of American Quarter Horse money earners. Sixarun was bought by Texas Horseracing Hall of Fame member Clarence Scharbauer, Jr.
Formerly president and chairman of the board of the Texas Horse Racing Association, Preston was a life member of the American Quarter Horse Association, the Texas Thoroughbred Association and the Texas Quarter Horse Association. He was an honorary vice president of the Texas Quarter horse Association.
Preston was one of the key figures in the passage of pari-mutuel legislation in Texas in the 1980s. After the successful passage of pari-mutuel wagering in 1987, Preston embarked upon his dream of building a racetrack in North Texas. Preston formed a partnership of Thoroughbred and Quarter Horse owners known as Lone Star Jockey Club and in 1992 was awarded the license to build Lone Star Park. Carter sold an interest in the largest and most successful track in Texas just before the track opened in 1997.