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Plumley Farms & 100 Horses Offered For Sale

Friday, 21st September 2007

Former Florida Thoroughbred Breeders' & Owners' Association president Harold Plumley "has put his Florida thoroughbred property & business up for sale as part of what he termed prudent financial planning," reported bloodhorse.com. Plumley is offering a sales package (listed with Pegasus Realty for US$31,650,000) that includes "the primary farm infrastructure on 466 acres of his property northwest of Ocala plus about 100 horses". Plumley (who bought the farm in 1995 after selling his successful Ohio-based rubber company) explained: "It's simply an estate planning move. It isn't like we have to liquidate & it isn't that we are unhappy with the thoroughbred industry. I am 80 years old & I recognise that I am not immortal. I have 4 sons & none of them want to run the farm or take it over: so I decided to sell it as a package unit." Plumley (who has interests in Florida-based stallions Sweetsouthernsaint & Trippi) will retain about 220 acres of his property for his family's personal use.

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