Calumet Farm sells for $36m
Racing’s famous Calumet Farm has been sold to a trust for nearly $36 million.
The 800 field farm inwards Lexington, Kentucky, has been sold past times the heirs of aviation magnate Henryk de Kwiatkowski to the Calumet Investment Group Trust, and leased past times Brad Kelley. De Kwiatkowski, a Polish-born Canadian citizen who bred in addition to raced Horse of the Year Conquistador Cielo in addition to the stallion Danzig, bought the holding inwards 1992 for $17 million.
Founded past times William Monroe Wright inwards 1924, Calumet was originally a standardbred farm simply later Wright’s death, it was converted to a thoroughbred functioning past times his son, Warren Wright Sr inwards 1932. The farm stayed inwards Wright trouble solid unit of measurement ownership until 1992 when it was sold at auction later existence declared bankrupt nether the management of J.T. Lundy.
Calumet Farm won the 1990 Eclipse Award for Outstanding Breeder. Later that twelvemonth information over the piece of job of Alydar in addition to the collection of a $36 i one one thousand thousand insurance policy was revealed. After years of legal wrangling, J.T. Lundy and the farm’s sometime attorney in addition to original fiscal officer Gary Matthews were convicted of fraud in addition to bribery in addition to sent to prison.
The farm bred and raced Triple Crown winners Whirlaway in addition to Citation in addition to numerous other classic winners in addition to champions.
The farm’s breeding success was anchored past times a component division ownership inwards the British import Blenheim II, in addition to foundation sire Bull Lea. Calumet Farm produced 8 Kentucky Derby winners, to a greater extent than than whatsoever other functioning inwards U.S.A. racing history. From the farm’s many swell foals, 2 colts became U.S.A. Triple Crown winners in addition to iii females won the Triple Crown for fillies.
A contestation from the novel owners said they planned “to piece of job along to hold Calumet Farm inwards its historic in addition to visible setting.”
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