Spendthrift Discontinues Australian Operations

Spendthrift Farm is discontinuing its operations in Australia and putting its Spendthrift Australia property up for sale.

"This has been a very difficult decision for us. We have a wonderful team in Australia and will be working closely with them to help make this as smooth a transition for them as possible," said Eric Gustavson, owner of Spendthrift. "The Thoroughbred industry in Australia is one of the finest in the world, and we have great respect for the job they've done in building it. We've been fortunate to meet so many amazing people there and have very much enjoyed the experience."

In April 2015 the late B. Wayne Hughes bought the former Yallambee Stud in Victoria, a 600-acre farm outside of Melbourne. Spendthrift Australia's current stallion roster includes Overshare, Swear , Gold Standard , and Dirty Work. Over the years, the farm also shuttled Bolt d'Oro  , Omaha Beach  , and Vino Rosso  . The is also home to a broodmare band of approximately 50 mares along with their foals and yearlings.

"We want to thank all of our staff in Australia for their hard work over the years," said Ned Toffey, Spendthrift's U.S. general manager. "We have made it a point at Spendthrift to branch out and try new things. Naturally, not every idea is going to work but I will guarantee you we will continue to take that approach."