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Darley Buys Ingham Bloodstock Operations

Tuesday, 25th March 2008

Darley Australia shocked the breeding industry by announcing it has "signed an agreement to purchase the bloodstock operations of Inghams Enterprises" (subject to approval by Australia's Foreign Investment Review Board). Bob Ingham confirmed: "The sale of the bloodstock business was not something I was contemplating. Once approached by Darley, I decided it was an opportunity I should accept. The sale is on a walk-in-walk-out basis. I will however be keeping our racing colours & 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 & the employment of the team. Further it takes the business under Darley, a global breeding & racing operation, into a new & exciting phase. It's a win-win for all parties." Darley principal Sheikh Mohammed bin Rashid Al Maktoum commented: "I have long admired the love Australians have for the horse & for racing. The Ingham family have made a significant contribution to Australian racing & to the thoroughbred & I am looking forward to building on their success. I am delighted to be making this commitment". Darley (Sheikh Mohammed's global breeding operation) currently operates stud farms in the UK, Ireland, US, Japan & Australia (at Aberdeen in NSW & Seymour in Victoria); Darley currently employs 100 people in Australia & was established here in 2001. Bob Ingham & his late brother Jack have been involved in racing for over 40 years & purchased Woodlands Stud at Denman in the NSW Hunter Valley in 1985; Inghams Bloodstock (currently employing 230 people) also includes another stud at Cootamundra in NSW, plus training stables at Warwick Farm in Sydney & Flemington in Melbourne, as well as 2 pre-training centres on the outskirts of Sydney.

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