Sydney, Medianet International-AsiaNet - Darley Australia has signed an agreement to purchase the bloodstock operations of Inghams Enterprises.
The purchase agreement is subject to approval by the Foreign Investment Review Board.
"The sale of the bloodstock business was not something I was contemplating," Bob Ingham said today. "Once approached by Darley, I decided it was an opportunity that I should accept."
"The sale is on a 'walk-in, walk-out' basis. I will however be keeping our racing colours and will continue to race horses.
"Not only is it in the long-term interest of the company, it also secures the continuation of the bloodstock business and the employment of the team."
Further, it takes the business under Darley, a global breeding and racing operation, into a new and exciting phase.
It's a win-win for all parties," Mr Ingham said.
Announcing the purchase, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Darley's Principal said: "I have long admired the love Australians have for the horse and for racing.
The Ingham family have made a significant contribution to Australian racing and to the thoroughbred and I am looking forward to building on their success. I am delighted to be making this commitment".
ENDS
Media contact
(Darley):
Trent Mumford
+61 412-115-400
(Inghams): Emma Norgrove
(Reed Weir)
+61 294-362-088
ABOUT DARLEY IN AUSTRALIA
Darley is HH Sheikh Mohammed bin Rashid Al Maktoum's global thoroughbred breeding operation.
Darley currently operates thoroughbred stud farms in the United Kingdom, Ireland, the United States of America, Japan and Australia. Darleys Australian farms are located at Aberdeen in New South Wales and Seymour in Victoria.
Darley currently employs around 100 people in Australia and was established here in 2001.
ABOUT INGHAMS BLOODSTOCK OPERATIONS
Bob Ingham and his late brother Jack have been involved in racing for over 40 years.
In 1985 Woodlands Stud at Denman in the Hunter Valley was purchased by Inghams Enterprises. Inghams Bloodstock operations now span the property at Denman along with another stud farm at Cootamundra. In addition, there are training stables at Warwick Farm in Sydney and Flemington in Melbourne, as well as two pre-training centres on the outskirts of Sydney.
There are currently approximately 230 people employed in Inghams Bloodstock operations, all of whom will be guaranteed continuity of employment by Darley.
SOURCE: Darley and Inghams
The purchase agreement is subject to approval by the Foreign Investment Review Board.
"The sale of the bloodstock business was not something I was contemplating," Bob Ingham said today. "Once approached by Darley, I decided it was an opportunity that I should accept."
"The sale is on a 'walk-in, walk-out' basis. I will however be keeping our racing colours and will continue to race horses.
"Not only is it in the long-term interest of the company, it also secures the continuation of the bloodstock business and the employment of the team."
Further, it takes the business under Darley, a global breeding and racing operation, into a new and exciting phase.
It's a win-win for all parties," Mr Ingham said.
Announcing the purchase, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Darley's Principal said: "I have long admired the love Australians have for the horse and for racing.
The Ingham family have made a significant contribution to Australian racing and to the thoroughbred and I am looking forward to building on their success. I am delighted to be making this commitment".
ENDS
Media contact
(Darley):
Trent Mumford
+61 412-115-400
(Inghams): Emma Norgrove
(Reed Weir)
+61 294-362-088
ABOUT DARLEY IN AUSTRALIA
Darley is HH Sheikh Mohammed bin Rashid Al Maktoum's global thoroughbred breeding operation.
Darley currently operates thoroughbred stud farms in the United Kingdom, Ireland, the United States of America, Japan and Australia. Darleys Australian farms are located at Aberdeen in New South Wales and Seymour in Victoria.
Darley currently employs around 100 people in Australia and was established here in 2001.
ABOUT INGHAMS BLOODSTOCK OPERATIONS
Bob Ingham and his late brother Jack have been involved in racing for over 40 years.
In 1985 Woodlands Stud at Denman in the Hunter Valley was purchased by Inghams Enterprises. Inghams Bloodstock operations now span the property at Denman along with another stud farm at Cootamundra. In addition, there are training stables at Warwick Farm in Sydney and Flemington in Melbourne, as well as two pre-training centres on the outskirts of Sydney.
There are currently approximately 230 people employed in Inghams Bloodstock operations, all of whom will be guaranteed continuity of employment by Darley.
SOURCE: Darley and Inghams
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