• Breeding Programs:

Spendthrift Australia sets 2016 stallion fees, including “Breed Secure” option


Monday, May 16, 2016

Spendthrift Australia has set fees for its current roster of four stallions that will stand the 2016 breeding season. While all Payable On Live Foal fees remain the same as 2015, Spendthrift Australia has introduced the option of the “Breed Secure” program for all four stallions.

“We learned a lot in our inaugural season a year ago, and have invested further into our team and into our programs for 2016,” said Garry Cuddy, general manager at Spendthrift Australia. “The team here is delighted and eager to get to work with breeders, both local and interstate, and we invite everyone to reach out to meet the team, visit the stallions, and get to know how the Breed Secure program works. We believe it’s going to be a game-changer here in Australia, like it’s been everywhere else Spendthrift has introduced it, and it will now be our job to make every breeder realise the benefit of it.”

Breed Secure becomes the latest breeder-friendly program to be offered by Spendthrift Australia, the Victorian-based stud farm which debuted a year ago along with its “Share The Upside” program.

The following are Breed Secure fees and standard Payable On Live Foal fees for each stallion for 2016 (all fees include GST):

Stallion

Payable On Live Foal Fee

“Breed Secure” Fee

Can the Man

$3,850

$3,850

Hampton Court

$8,800

$8,800

Jimmy Creed

$8,800

$8,800

Warrior’s Reward

$11,000

$11,000



Breed Secure offers breeders the ability to breed a mare to a Spendthrift Australia stallion with no fees due until the sale of the resulting horse at public auction. The key difference between Breed Secure and a standard foal share deal is that Breed Secure only allows for Spendthrift Australia to get back the maximum value of the stud fee. Any sales proceeds over the amount of the stud fee are realised as pure profit to the breeder, allowing Breed Secure to offer breeders limitless upside on a good sale result.

Breed Secure also offers other attractive features designed with the breeder in mind. The breeder will choose whether to sell the resulting offspring as a weanling or as a yearling at public auction. After the sale is made, the first sale proceeds automatically go to the breeder up to a certain threshold. Breeders will earn the first $6,000 for a weanling sale, or first $12,000 for a yearling sale, before Spendthrift is eligible to recoup any of the stud fee. Breed Secure also protects breeders by offering forgiveness of any shortcomings of a sale, which is designed to limit the amount of risk and loss for the breeder.

For more information about the Breed Secure program, or about any of Spendthrift Australia’s stallions or programs, please contact Garry Cuddy at +61 410 451 595 or Josh Rix at +61 499 880 855, or visit Spendthrift.com.au.
View All News

Top Stories

Tuesday, October 02, 2018
The Werribee Racing Club and Spendthrift Australia are proud to confirm the signing of a deal that will see new naming rights for the Werribee Racecourse...
Monday, September 03, 2018
King of Speed stormed from last to first in the stretch to win the $100,000 Del Mar Juvenile Turf by three-quarters of a length on Sept. 2, the first stakes win for the 2-year-old Jimmy Creed colt...
Saturday, August 25, 2018
Axelrod's four-length victory in Saturday's Smarty Jones S. (G3) at Parx Racetrack in Pennsylvania marked the second straight graded stakes victory for the 3-year-old Warrior's Reward colt...
Back To Top
Login