Industry News
Magic Millions announce two new races as prize-money boosted
The Magic Millions raceday is set to be enhanced next year with the introduction of two new races, along with an added investment of $1.5 million, taking the total prize-money pool to $11.75 million across the day. Yesterday, the auction house – in conjunction with Racing Queensland – announced the now ten–race card will become... Read More
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Strong interest lodged already for lock, stock and barrel Spendthrift Australia deal
Seven separate parties have already expressed their interest in buying Spendthrift Australia’s breeding operation since its US owner made the shock decision to offload the lavish Victorian stud and its breeding stock in a deal they hope can be structured on a walk-in, walk-out basis. Donovan and Co’s Clint Donovan and Magic Millions have been... Read More
Nominations open for Godolphin Stud and Stable Staff Awards
The nominations for the Godolphin Stud and Stable Staff Awards (GSSSA) were opened yesterday. First established in 2015, the GSSSA is run in partnership with Racing Australia and Thoroughbred Breeders Australia. The aim of the awards night is to show the dedication that the stud and stable staff have for the thoroughbred and to demonstrate... Read More
Portelli calls on prized series for retired thoroughbreds
Golden Slipper (Gr 1, 1200m)-winning trainer Gary Portelli has been inspired to call on Racing NSW to develop an annual competition series for retired thoroughbreds rich in prize-money after his experience as an official judge at the Thoroughbred Spring Fair held at Hawkesbury Showground last weekend. A Royal Show level rider himself growing up, Portelli... Read More
Interest ramps up in Spendthrift Farm as all-encompassing deal sought to sell property and bloodstock
Spendthrift Farm general manager Ned Toffey has told ANZ Bloodstock News that initial conversations have been held over an all-encompassing deal to sell the 600-acre property and large bloodstock portfolio, which includes four colonial stallions on their roster. After last week’s bombshell decision from the US operation to leave the Australian industry after five years... Read More
Spendthrift Farm to end Australian operation
Leading US-based stud Spendthrift Farm have announced the ‘difficult decision’ to disband its Australian operation in Victoria and sell their 600-acre Romsey property, just over six years after purchasing the stud. The move to withdraw their operations from Australia comes little more than four months since the death of Spendthrift Farm’s founder, B. Wayne Hughes,... Read More