Australian businessman Dick Karreman has purchased The Oaks Stud in New Zealand and will stand Our Emblem's full brother, Traditionally, there during the southern hemisphere season.
The Australian Associated Press reported Karreman paid more than $10 million (Australian) for The Oaks, which besides the land included 42 broodmares and 34 weanlings.Also part of the deal is five shares in Keeper (by Danehill) and a 5% interest in Viking Ruler, a racing and future stud prospect.
The Oaks was owned by Terry Jarvis.
Karreman also owns Glen Fern Stud in Victoria, Australia, which he purchased in February. Rick Williams, who manages The Oaks, will run both operations.
Karreman purchased a third interest in Traditionally from Ballylinch Stud in Ireland, which had purchased the horse after his retirement. Owned by the late Ogden Phipps, the 5-year-old son of Mr. Prospector last ran in the Feb. 9 Donn Handicap (gr. I) at Gulfstream Park and finished unplaced.
Traditionally (Mr. Prospector--Personal Ensign) scored his big win in the Oaklawn Handicap (gr. I) and earned a career total of $495,660 while trained by Shug McGaughey.
The Australian Associated Press said Traditionally is likely to stand at The Oaks at a fee of $NZ17,500 (about U.S. $8,600).
"Traditionally is the first grade I winning son of Mr. Prospector to stand at stud in New Zealand," Williams said.
"To secure a stallion of Traditionally's ilk is a major coup for the New Zealand breeding industry and he'll provide a wonderful cross for so many of our broodmares."
Karreman began his involvement in racing four years ago when he bought his first horse I Am A Ripper for $70,000. I Am A Ripper went on to win $570,000 including wins in the group II Champagne Stakes and group II Angus Armanasco.
Karreman currently owns 58 horses and 12 broodmares.