Spendthrift will introduce its Breed Secure program, successful at its U.S.-base, to its Australian satellite for the 2016 breeding season. The program allows breeders to use Spendthrift stallions with no fees due until the resulting horse sells at public auction. The difference between Breed Secure and a standard foal share is that Spendthrift will only collect the maximum value of the stud fee. Any sales proceeds above the stud fee go to the breeder. In addition, the breeder recoups the first A$6,000 for a weanling sale and the first A$12,000 for a yearling sale before Spendthrift recoups the stud fee. The breeder decides which sale the horse goes to.
“It is a program that was designed solely to equal the playing field between the stallion owner and the breeder, and it is far superior to a standard foal share,” explained Spendthrift's B. Wayne Hughes. “The focus of the program is on relieving breeders of risk and cash-flow issues, all while still allowing them to realize the upside we all hope for with a successful horse. I have long believed that if one of our stallions does not produce a profitable foal in a particular mating, then we should bear our fair share of the responsibility for it–not just the mare owner.”
Spendthrift debuted its Share The Upside program at Spendthrift Australia last year. Spendthrift's Australian roster currently includes Grade/Group 1 winners Hampton Court (Aus), Jimmy Creed and Warrior's Reward, and the Grade I-placed Can The Man.
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