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UK Agents Join Bloodstock Fund

Wednesday, 8th February 2006

In the UK, a trio of well-known bloodstock agents "is set to join in launching Breeding Capital, a bloodstock investment fund aimed at the upper end of the commercial breeding market," reported racingpost.co.uk. Watership Down Stud general manager Simon Marsh & international agents Charlie Gordon-Watson & Michael Youngs "will add their expertise to the venture headed by Peel Hunt stockbroking firm co-founder Christopher Holdsworth Hunt & private-equity fund manager William Sporborg (son of former Racecourse Holdings Trust chairman Christopher Sporborg)". With Hunt the chairman, Sporborg the managing director & Marsh the bloodstock director (Gordon-Watson & Youngs will act as consultants on bloodstock purchases) the fund "is looking to raise £5 million (A$12m) to invest mainly in 6-7 'blue-chip' broodmares, to be bought for an average price of about £500,000 (A$1.2m). The mares (most of which are expected to be purchased while in foal) will be bred & the resulting foals sold at auction (generally as yearlings). Additional investments may include foals or yearlings to pin-hook, racehorses to resell abroad & stallion shares." The livestock (to be purchased internationally) will be kept mainly at Watership Down & New England Stud in Britain, Kiltinan Stud in Ireland, Lane's End Farm in Kentucky & Paca Paca Farm in Japan.

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