With his college friend Richard Mulhall as trainer, he got into the racing business initially as Universal Stable. In 1994 when the operation resurfaced as The Thoroughbred Corporation, with Mulhall retiring as a trainer and taking on the job of racing manager. Mulhall is the president of the operation.
He started racing under Universal Stable with his college friend Richard Mulhall as a coach. In 1994, when the business reappeared as The Thoroughbred Corporation, Mulhall left his trainer position and became the racing manager. Mulhall continues to lead the company.