Sir Patrick Hogan has today confirmed that his and Justine, Lady Hogan's
historic thoroughbred nursery has been sold to Auckland couple Brendan and Jo
Lindsay, ensuring that New Zealand's internationally renowned stud farm stays
in local hands."It is no secret that there has been huge international interest in Cambridge Stud for some time now," Sir Patrick Hogan said.
"Many different parties have made approaches to us, however Justine and I were determined to wait for both the right time and the right people - that was non-negotiable for us.
"That right time has now come and the right people have arrived. A new chapter begins for Cambridge Stud and is one that we firmly believe was worth waiting for.
"Cambridge Stud has been our lives for over four decades. We have nurtured it, been its guardians and have proudly seen it evolve into the globally respected operation it is today.
"As we pass the ownership baton on, we know that Cambridge Stud could not be in better hands. Everyone knows that Brendan and Jo Lindsay are deeply passionate about both our industry and our country, and Cambridge Stud certainly holds a unique place in both.
"For Justine and I, this is a dream come true - we can look ahead with great confidence to the future that Cambridge Stud is assured through its new ownership."
Despite the sale of the famed thoroughbred nursery, Hogan has no desire to step away from the industry that has been his life-long passion.
"In answer to the undoubted question of my retirement - the answer is a firm no, that is not on my agenda," Hogan said.
"We will have our 2018 Karaka draft, the final one under our auspices, to prepare. After that I have plenty of racing and breeding interests to keep me firmly involved in the industry - an industry I will be fully immersed in until the day I die."
Nearly 12 months ago, Brendan Lindsay sold Sistema, the plastic container maker firm he started and majority owned, for $660 million to US Fortune 500 company Newell Brands.
For the Auckland-based couple, it is a case of diving further into thoroughbreds,
an industry for which they have long had significant interests in.The seeds for Brendan Lindsay's passion for racing were sown from childhood, where he would regularly accompany his father to race meetings.
Lindsay's first horse was Maintain who won three races as a two-year-old, in the 1990-91 season from the McKee stable.
The Lindsays have since enjoyed success with the likes of Group One winning juvenile Marky Mark and Gr.1 Galaxy Handicap winner Griante, in addition to Group One performers J'Adane and Zonza.
Sporting their yellow and black checked racing silks, Marky Mark was also bred by the Lindsays from their 200 acre property at Karaka which was developed in 2009, where they now have a small private training operation.
Brendan and Jo Lindsay will assume control of Cambridge Stud in April 2018.
"We are very aware of the huge responsibility that comes with assuming the ownership of such a treasured and revered operation as Cambridge Stud," Brendan Lindsay said.
"Sir Patrick, a member of both the Australian and New Zealand Halls of Fame, is the undisputed king of the New Zealand thoroughbred industry.
"There are no parallels to what he and Lady Hogan have achieved including 31 years as the national sale's leading vendor. They have been an inspiration to owners and breeders across the world and have cemented the New Zealand thoroughbred as a force to be reckoned with on the world stage.
"Cambridge Stud is more than a stud farm - it is a unique Kiwi legend. No matter where you travel in the world, the Cambridge Stud name is synonymous not only with New Zealand but with unequalled Group 1 excellence. Eight Melbourne Cups, four Cox Plates, three Caulfield Cups and the Golden Slipper have been associated with the stud.
"We will honour the legacy that Sir Patrick and Lady Hogan have entrusted us with. We feel both proud and privileged to have the opportunity of helping to write exciting new chapters to the Cambridge Stud success story." – NZ Racing Desk
Images Trish Dunnell
