06/25/2004 11:00PM

Hughes details his plans for Spendthrift Farm


LEXINGTON, Ky. - B. Wayne Hughes, who bought Lexington's historic Spendthrift Farm for an undisclosed price Friday, says he doesn't plan to stand stallions there himself.

"I'm not really interested in being in the stallion business," said Hughes, who earlier signed contracts to stand Malibu Moon and Action This Day at nearby Castleton Lyons. "This is a place I can bring my grandkids, and they can stay there and play. It's big enough that they can do what they want there, and I can have mares and babies there in one place."

Hughes bought the 700-acre property from a partnership headed by Bruce Kline and will lease the stallion operation back to that partnership. Eleven stallions currently stand at Spendthrift, including Mr. Greeley, advertised this year with a $50,000 fee.

Hughes said he has about 60 broodmares now and plans to move about 40 of them to Spendthrift. "I'm not going into commercial breeding," he said. "I'm not changing my program at all. I breed to race and to have fun racing. No sales program, no consignment operation, no boarders. I love Lexington and Kentucky, and ever since I was a boy I always wanted to own a farm."