Frankfort Park Land, a partnership headed by Irish bloodstock agent Brendan Gallagher, has purchased Old Frankfort Stud near Lexington, home of 1992 Kentucky Derby (gr. I) winner Lil E. Tee. Jim Plemmons, who founded the Lexington farm in 1993, is relocating to neighboring Woodford County. The 220-acre farm sold for $3.65 million, according to public records.
"We are expanding," Plemmons said about the relocation. "The prior location had 220 acres, and we'll now have 600 acres. We are going to continue to expand, and we are keeping the name (Old Frankfort Stud). We are very excited about the future."
Plemmons plans to stand the farm's four stallions in 2007. They are Lil E. Tee, Rod and Staff, Rockamundo, and Mula Gula.
Gallagher and his partners, major European pinhookers John and Willie Browne, plan to use their newly purchased property for horses that are going through various Lexington sales.
"We are going to trade more over there (in America) from the farm," said Gallagher, managing director of Emerald Bloodstock. "We are going to quarantine a lot of the horses we have coming back to Europe there as well."
While Plemmons was looking for more space for his horses, the partnership was looking for a convenient location for their needs.
"It is three miles from the back gate of Keeneland, and that was the big factor in why we bought that farm," Gallagher said. "We've moved in already. We had 54 horses in quarantine that we sent out to the farm, and we are going to have horses there from the November sales.
"We buy and sell a lot of horses over here (in Ireland) already, and we are just going to do a bit more in America."