Hesket Thoroughbreds Takes Up Spendthrift Australia & More News Here

Longtime Victorian proprietor and breeder David Moodie’s Hesket Bloodstock has bought Spendthrift Australia in a deal encompassing the property, stallions, and a choice of racehorses greater than 4 months after its United States proprietor made the bombshell Christmas-New Year announcement to stop its southern hemisphere operation.

Trading below the brand new Hesket Thoroughbreds banner, Moodie and enterprise companion Ash Hardwick agreed to purchase the pristine American-owned 244-hectare (roughly 603 areas) property and equine pursuits following months of negotiations, bringing Spendthrift’s nearly eight-year involvement within the Australian trade to an finish.

There had been dozens of written expressions of curiosity from people and events about shopping for the dear land and bloodstock holding because the Romsey property was formally listed on the market in early January. 

However, after a protracted and drawn-out course of, Hesket Thoroughbreds settled on the property and the equine portfolio May 6.

The domino impact of the Spendthrift Australia sale will see Dirty Work, a winner within the 2020 McCafe Schillaci Stakes (G2) who lined 155 mares in his first season final 12 months, and roster mate Overshare relocate to the close by Widden Victoria to proceed their stud careers.

The pair will stand at Antony Thompson’s southern operation, which is in its second 12 months, on behalf of Hesket Thoroughbreds after they put pen to paper on Monday night time to tackle the 2 stallions on Moodie’s and Hardwick’s behalf.

Overshare, whose oldest progeny are 2-year-olds and who lined 130 mares in 2021, is the sire of the Annabel Neasham-trained Lady Laguna, a three-time stakes-placed filly who additionally gained her first two begins in November.

Dirty Work will stand for a payment of AU$16,500, down from his introductory payment of AU$19,800, whereas Overshare stays at a payment of AU$11,000.

Moodie advised ANZ Bloodstock News May 10 that the relocation of the stallions to Widden was a strategic transfer and that he can be supporting the duo with a proportion of his personal high-class broodmare band, one which he has developed over a long time and made him one of many nation’s most profitable owner-breeders.

The acquisition of Spendthrift’s farm will tie in with the property Moodie already owns within the space referred to as Yungaburra at Newham within the Macedon Ranges to the west of Melbourne, which has additionally been used as a pre-training and coaching facility for his giant racing crew of horses. 

“It’s a lovely property, to start with, and to be partnering with Widden in so far as the future of the stallions is concerned, I am very pleased about,” mentioned Moodie, whose racing honor roll consists of 2010 AAMI Golden Slipper (G1) winner Crystal Lily , Mercedes Benz Blue Diamond (G1) winner Paint, Flamberge  and a bunch of different group 1 winners among the many greater than a thousand winners he is owned.

“We have got a bit of a three-pronged attack (buying Spendthrift). We’ve got Yungaburra, this new property now, and the association with Widden, so we’re working through that and we’ll do the right thing by all the current employees.”

Thompson was delighted to companion with Hesket Thoroughbreds, a transfer which brings the Widden Victoria stallion roster to 10 for this 12 months.

“David’s got a fantastic record over a long period of time, so with his support, Widden’s support, and the mares they’ve already got in foal and in the pipeline, these horses will get every chance to continue that momentum and really make their mark,” Thompson advised ANZ Bloodstock News.

“David’s farm (Yungaburra) isn’t removed from Widden Victoria (previously Sun Stud), so we now have achieved slightly little bit of enterprise, however it’s an thrilling new partnership and friendship. 

“We’re seeking to discover all these choices with him and it is pleasing—these discussions have been occurring for some time now—to have the ability to signal it final night time and announce it at this time. 

“While there was lots of interest in the farm, and particularly these two stallions, it’s really pleasing that they’re coming to Widden Victoria.”

Specifically talking about Dirty Work, an AU$800,000 ($615,680) Inglis Australian Easter graduate in 2018, Thompson believes the Hawkes Racing-trained sprinter shall be in style once more in his second season at stud.

“He had tremendous support in numbers and quality from a wide range of breeders, so he gets every opportunity with that first book of mares and I’m sure we’ll get strong support for him going forward,” he mentioned.

“David was keen to continue to get strong support for him going forward, so we thought just dropping him back a peg (service fee) that he would slot in very well in our stallion roster and make sure we get another good book of mares to him.”

Thompson can also be assured in regards to the prospects of Overshare, one other group-winning sprinter who was purchased as a yearling and raced by Spendthrift earlier than retiring to stud.

“He is a horse that has gained momentum with each crop and obviously he is a good-looking, fast son of I Am Invincible  which makes him very business,” he mentioned. 

“We’ve seen them sell well, they’ve hit the track running off a small fee, and he’s only had a few runners from that small first book, but they’ve all shown a fair bit.”

Moodie can also be a believer within the prospects of Overshare.

“Overshare is a lovely horse and he gets good types. His first runner is a very good group-class filly and the three that he’s had to the track they all seem to be able to run a bit, particularly Lady Laguna,” the long-time proprietor mentioned. 

“It is a small sample, but it’s a good sign. They tend to call elections on 5% of the vote, so I am hoping that the small sample translates to a fairly big return.”

Fellow Spendthrift stallions Gold Standard, the sire of gifted first crop stakes-winning Perth juvenile Sheeza Belter, and Swear shall be bought by Magic Millions by way of a young course of to be managed by bloodstock supervisor Dane Robinson.

Hesket Acquires Talented 2-Year-Old Colts 

Moodie already had a enterprise relationship with Spendthrift, promoting a 20% share in 26 of his homebred yearlings and 2-year-olds to race for its MyRacehorse syndication firm below the tutelage of Flemington coach Mathew Ellerton.

Spendthrift’s racing crew consists of promising juveniles—the Lamaros Hotel Chairman’s Stakes (G3) winner Sebonack, who ran fourth within the Blue Diamond Stakes (G1), and the unraced AU$1.2 million ($933,484) colt Pyrois, who gained two Rosehill barrier trials in January—are a part of the multimillion-dollar deal.

Hesket has wholly or partly acquired 16 racehorses as a part of the Spendthrift takeover and Moodie, who can also be a companion in Ellerton’s coaching enterprise, confirmed that Sebonack and Pyrois would stay in coaching with Michael, Wayne, and John Hawkes.

Spendthrift Australia additionally owns the Tony and Calvin McEvoy-trained Mac ‘N’ Cheese, a two-time listed-winning half sister to Vinery Stud’s Coolmore Stud Ascot Vale Stakes (G1) successful sire Exceedance and the group 2 winner Oxley Road.

The third of simply 4 stay foals and solely filly out of Bonnie Mac, who died in 2020, Mac ‘N’ Cheese shall be provided because the star supplementary entry as a racing and breeding proposition on the upcoming Magic Millions National Sale, her pedigree making certain she shall be one of the crucial wanted mares within the catalog.

There are additionally 12 Spendthrift Australia-owned weanlings cataloged for the Magic Millions National Sale later this month whereas 31 mares, who had been already cataloged, may also be provided unreserved on the broodmare sale the next week.

Among them are stakes-winning juvenile Madeenaty who Spendthrift purchased finally 12 months’s National broodmare sale on the Gold Coast for AU$800,000 ($620,208) from the Shadwell dispersal and the half sister to three-time group 1 winner Duais in Baccarat Baby, who Spendthrift purchased for AU$650,000 ($503,919) from the identical sale. Inclement, an unraced half sister to prime sprinter Santa Ana Lane, may also kind a part of the dispersal of mares. The trio of mares are in foal to Dirty Work.

Quite a few Spendthrift’s weanlings and mares had been additionally bought by way of the Magic Millions Online platform final month as a part of the unreserved dispersal.

“There’s huge interest and there’s a huge amount of quality in the Spendthrift dispersal that we’re leading into on the back of the sale of the farm to Hesket and David Moodie,” Magic Millions managing director Barry Bowditch mentioned. 

“It adds a lot of interest having an unreserved dispersal in any catalog, especially one that has acquired the level of bloodstock over the past ten years that Spendthrift has, both internationally and here in Australia.”

‘I Had Seven Wonderful Years Building Spendthrift Brand’ 

Spendthrift Australia basic supervisor Garry Cuddy—chosen by the stud’s founder, the late B. Wayne Hughes, to supervise his southern hemisphere operations upon the acquisition of Yallambee Stud in April 2015—is one worker who is not going to proceed in his position on the new entity.

American businessman Hughes died in August final 12 months, aged 87, however not earlier than he loved his greatest success in racing when Authentic   gained the Kentucky Derby introduced by Woodford Reserve (G1) in September 2020.

While Hughes was closely engaged within the southern hemisphere trade, his dying final 12 months prompted a reevaluation of Spendthrift’s funding in Australia, main Hughes’ son-in-law Eric Gustavson to name time on the Australian stallion and racing enterprise, leaving the way forward for the horses and employees in limbo.

“I had seven-and-a-half wonderful years building the Spendthrift brand in Australia, something I’ll be forever grateful to Mr. Hughes for giving me the opportunity to do,” Cuddy mentioned May 9. 

“I wish the Hesket team all the best with the operation in the future, they have purchased a wonderful farm, an exciting young stallion roster, and some very promising racing stock.”

Josh Rix, who was Spendthrift Australia’s head of nominations, will work for Moodie at Hesket Thoroughbreds whereas Ziva Mullins, who was employed in nomination gross sales, was lately appointed as a bloodstock marketing consultant at Inglis.

Moodie is liaising with Spendthrift workers to help people who could stick with Hesket Thoroughbreds whereas serving to those that want to discover different alternatives. 

40 Expressions of Interest Lodged for Spendthrift 

Donovan and Co’s Clint Donovan and Magic Millions, who had been supplied with the job of promoting Spendthrift Australia, had been initially instructed to aim to draw a purchaser on a walk-in, walk-out foundation encompassing the land, plant, and bloodstock portfolio however it turned more and more tough to discover a prepared celebration to undertake a deal on that foundation.

Yesterday, Donovan prompt “the mechanics of selling a business of this size and all the assets and liabilities that go with it does take a while to work through” however the stage of curiosity in Spendthrift left him assured a sale can be reached.

“We were fortunate and excited by the fact that we had 40 genuine written expressions of interest for the farm and the assets. That was a huge number and far more than I expected,” Donovan mentioned. 

“It ought to be seen as thrilling for all the thoroughbred trade that there have been many individuals pondering they might personal a farm and stallion station like that.

“It is also extremely gratifying (to be able to sell the farm) and it’s a great result for the Victorian industry that Hesket has managed to secure all the assets.”

Since Spendthrift’s entry into the Australian trade about seven years in the past, it has spent AU$32.115 million ($22,452,881) on yearlings and mares at public public sale both outright or in partnership.

Spendthrift stallions Omaha Beach   and Vino Rosso  , who shuttled from Hughes’ American farm to Australia in 2020 and 2021, is not going to return for a 3rd Australian season at stud.

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