B Wayne Hughes
Joining the Australian Thoroughbred community, with its great horsemen and long-standing traditions, is one of the most exciting things we’ve ever done here at Spendthrift, and it’s something we’ve aspired to do for a long time. Spendthrift has always taken a real partnership approach with our breeders in the United States, and will look to do the same thing in Australia.
— B. Wayne Hughes / Spendthrift Farm

B. Wayne Hughes's Spendthrift Farm has purchased Yallambee Stud to be the base of its Australian Thoroughbred venture, the farm announced Tuesday. Renamed Spendthrift Australia, the Victoria property will be a full-scale operation - standing stallions, breeding and racing, as well as buying and selling in the Australian sales market. Garry Cuddy has been appointed to head Spendthrift Australia. He previously worked with Vin Cox Bloodstock and Bloodstock.com.au.

Over the past several years, Spendthrift has been increasing their involvement in the Australian Thoroughbred market. This season, they signed for a sale-topping A$1.2-million Sepoy colt (lot 613) during the 2015 Magic Millions Gold Coast Yearling Sale in January.

The farm has already purchased two yearlings during the opening session of the Inglis Easter Yearling Sale Tuesday, for a total of $A550,000.

Located in the Macedon Ranges in Romsey, Victoria, Yallambee is set on 602 acres. Recent Group 1 winners foaled and raised at the stud include G1 Sportingbet Classic Stakes heroine Rostova (Testa Rossa) and Rock Kingdom (Rock of Gibraltar). Yallambee also kickstarted the stud career of successful Australian sire Testa Rossa (Perugino).

"Joining the Australian Thoroughbred community, with its great horsemen and long-standing traditions, is one of the most exciting things we've ever done here at Spendthrift, and it's something we've aspired to do for a long time," said Hughes, who has owned Spendthrift since 2004. "Spendthrift has always taken a real partnership approach with our breeders in the United States, and will look to do the same thing in Australia."

Ned Toffey, Spendthrift General Manager, added, "We have been impressed with the quality of bloodstock in Australia and how vibrant the industry is as a whole. We are excited to develop an operation in Australia that mirrors what we have built in the States. Through the stallions we stand and the programmes we offer, we have always tried to provide breeders the best value possible, and we will look to replicate this at Spendthrift Australia."

"This is a very exciting opportunity for me, and our programmes will be great for the Australian industry," said Cuddy. "We have plans to stand stallions in 2015 at the former Yallambee Stud, and will announce our roster in the near future. We are delighted to announce that Rick and Christie Woodard have agreed to stay on and manage the farm. They bring a wealth of knowledge and many years of experience with them, which is great for Spendthrift."

Extracts from Spendthrift Farm

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