David Moodie purchases Spendthrift Farm
Prominent Victorian racehorse owners and breeders David Moodie and Ash Hardwick have purchased the Australian property of Spendthrift Farm.
The pair’s Hesket Thoroughbreds completed the acquisition of Spendthrift’s 602-acre farm at Romsey and a number of their racing stock and stallions in a deal announced on Tuesday.
Spendthrift Australia’s stallion roster included Overshare, Swear, Gold Standard and Dirty Work whilst shuttling stallions such as Omaha Beach and Vino Rosso from the US.
Hesket Thoroughbreds reached an agreement with Widden Victoria to stand Dirty Work and Overshare at their neighbouring operation while Magic Millions has been entrusted with the tender process to find suitable new homes for Gold Standard and Swear.
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Dirty Work will stand the upcoming breeding season at $16,500 including GST and Overshare at $11,000 including GST, with live foal payment terms.
“We are absolutely thrilled to be standing Dirty Work and Overshare at Widden Victoria,” Widden Stud owner Antony Thompson said.
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“They are fast, good looking sons of highly successful stallions in Written Tycoon and I Am Invincible.
“Having these two exciting young stallions remaining in the state is great for the Victorian industry and they will be fantastic additions to the Widden roster.”
Moodie is believed to be delighted to have purchased the Romsey farm which has long been influential in Victorian breeding.
Spendthrift launched their Australian venture in April 2015 when late owner B. Wayne Hughes, who purchased the business in 2004, oversaw the acquisition of Yallambee Stud which had been one of Victoria’s leading nurseries for 50 years.
Hughes died in August with the business transferred to son-in-law Eric Gustavson, who worked alongside Hughes since the inception of the business, and decided to cease their Australian business last December.
The US-based racing and breeding operation are currently dispersing their stock with over 50 lots, consisting of weanlings, yearlings and broodmares, sold last month at a Magic Millions online auction.
Over 40 weanlings, broodmares, including stakes performed Mac ‘n’ Cheese, will be offered in an unreserved sale at this month’s Gold Coast National Sale.