Cambridge Stud to remain Kiwi-owned after Sir Patrick Hogan sells
SIR PATRICK HOGAN has announced the sale of Cambridge Stud and he confirmed that it will stay with New Zealand interests.
The backbone of the New Zealand thoroughbred industry, Cambridge Stud has been sold to Auckland-based couple Brendan and Jo Lindsay, which ensures that the farm will stay Kiwi owned.
There have been many international enquiries of interest for Cambridge Stud, but the Hogan’s wanted to ensure their pride and joy was in capable and local hands.
“It is no secret that there has been huge international interest in Cambridge Stud for some time now. 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,” Sir Patrick Hogan said.
“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.”
Retirement had been a question asked of Hogan for many years, but the sale of Cambridge Stud is not a sign of the successful horseman and breeder stepping out of the industry.
“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,” he said.
“For Justine and me, 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.
“In answer to the undoubted question of my retirement – the answer is a firm NO, that is not on my agenda. 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.”
Brendan Lindsay was the founder of Sistema Plastics and he sold his company for $660 million. Since then he has made a significant contribution to the thoroughbred industry on both sides of the Tasman, including the sponsorship of the Railway Stakes.
Lindsay Racing has had success with the likes of Group 1 Galaxy winner Griante and Group 1 Manawatu Sires’ Produce Stakes winner Marky Mark.
The Lindsay’s know how much of an undertaking it will be, but the couple are looking forward to the challenge.
“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,” they said.
“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 One 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.”
They will assume control of Cambridge Stud in April 2018.