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.
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