Everett Dobson, founder and executive chairman of Dobson Communications Corp., has invested as a minority partner in Three Chimneys Stallions.
Dobson races as Cheyenne Stables and owns a Thoroughbred farm in Central Kentucky. Dobson's investment does not include Three Chimneys Farm or any of its other lines of business such as consignment, boarding, and bloodstock management.
Dobson sold his Oklahoma City, Okla., communications firm to AT&T in 2007. He currently is an owner of the Oklahoma City Thunder, a National Basketball Association team.
"With this injection of new capital, we have strengthened our ability to continue to compete for top new stallions," Three Chimneys president Case Clay said in a statement. "Everett shares our values and has been a great friend and client of the farm for years."
"Three Chimneys is a world-class brand with a sterling reputation and a promising group of young stallion prospects,” Dobson said. “I am excited about the opportunity to be involved with the Clays and their professional management team.”
Clay said the farm will continue to recruit investors for its stallions and stallion investor funds.
Dobson will be joining the Three Chimneys Stallions board of directors. He will not be involved in day-to-day management.
Three Chimneys' stallion roster of 11 stallions includes prominent sire Dynaformer. The farm, which was founded in 1972 and will celebrate its 40th anniversary in 2012, encompasses six divisions--four broodmare divisions, a yearling and sales prep facility, and stallion complex spread across 2,300 acres. Three Chimneys also has offices in Japan, France, and England.