1992: two-year-old season

On his first appearance Fatherland started 5/4 favourite for a maiden race over seven furlongs at Leopardstown Racecourseon 25 July in which he was ridden and Pat Gilson he won by a length from the Jim Bolger Scribe.^[6] Piggott took over the ride on 15 August when the colt was stepped up in class for the Listed Tyros Stakes over the same distance at the Curragh. Starting the 4/6 favourite he came home one and a half lengths clear of Frenchpark, a colt who went on to win the Beresford Stakes later that year.^[7] Two weeks later, over the same course and distance, he took the Group 3 Futurity Stakes at odds of 4/7, beating the British challenger Newton's Law by one and a half lengths.^[8]

At the Curragh on 19 September Fatherland was made the 4/5 favourite for the Group 1 National Stakes. The best fancied of his opponents was the British challenger Maroof whilst the other three runners were Ivory Frontier (winner of the Railway Stakes), Khoraz (from the John Oxx stable) and the 25/1 outsider Rondelli. Piggott restrained the colt at the rear of the field as Maroof set the pace, before making progress in the last quarter mile. He caught Maroof 50 yards from the finish and won by half a length.^[9]

On his last run of 1992 Fatherland was sent to England for the Dewhurst Stakes at Newmarket in October. He was made the 5/1 second choice in an eleven-runner field, but never looked likely to win and finished fifth behind the French-trained Zafonic.

1993: three-year-old season

Fatherland began his second season by finishing second to Massyar on the Leopardstown 2,000 Guineas Trial on 17 April, conceding seven pounds to the winner. In the Irish 2000 Guineas at the Curragh on 15 May he started at odds of 11/2 in an eleven-runners field and produced what was probably his best performance. After being restrained towards the rear by Piggott he produced a strong late but went down by a head to the British-trained favourite Barathea.^[10] When moved up in distance for the 1993 Epsom Derby over one and a half miles on 2 June he was made the 8/1 third choice in the betting but made no impact in the race, coming home ninth of the sixteen runners, more than twenty lengths behind the winner Commander in Chief. The colt was equipped with blinkers when he was sent to France in July and finished fourth to Revelation in the Prix Eugène Adam over 2000 metres at Saint-Cloud Racecourse.

After the Prix Eugène Adam, Fatherland was sent to race in California where he entered the ownership of Robert B. Lewis and joined the training stable of Gary F. Jones. On his American debut he was ridden by Eddie Delahoussaye and started favourite for the Grade II Del Mar Derby on 6 September. He was last of the twelve runners for most of the way before producing a strong late run to finish fifth, beaten just over two lengths by the winner Guide. Adalberto Lopez took the ride when Fatherland was moved up to Grade I class for the Hollywood Derby on 20 November. After running half a mile the colt was towards the rear of the field when he broke down injured and was pulled up by his jockey.^[11] A veterinary examination revealed a "shattered" pastern and he was immediately euthanised.^[12]