04/04/2014 11:32AM

Three Chimneys to no longer consign yearlings

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Prominent breeding and sales operation Three Chimneys will no longer consign yearlings as part of a restructured business focus by the farm and its ownership.

Three Chimneys will continue to consign broodmares during the fall and winter breeding stock sales.

“It’s just part of a new business plan with the new ownership structure here, focusing on some different things,” said Three Chimneys Chief Operating Officer Chris Baker. “It’s a 2014 decision. What we do going forward, we’ll see at the end of the year here, but this decision is going to allow us to focus on furthering our business plan internally – adding mares, identifying stallion prospects, taking care of our clients, those sorts of things.”

The Midway, Ky., farm has undergone significant changes since entering a partnership in fall 2012 with the Borges Torrealba Holdings, which operates TNT Stud in Brazil.

Using the farm as his U.S. base of operations, Goncalo Torrealba has made several high-profile broodmare purchases at Central Kentucky auctions. In January 2013, the Torrealba family purchased the 275-acre Padua Farm, adjacent to a division of Three Chimneys, for a reported $8.8 million.

Baker said that the farm would work with several different consignors when selling yearlings for itself or for clients at future sales.

“We have relationships with lots of other consignors here, and we haven’t identified anybody at the present time, but we’re making referrals for our clients and we have our own yearlings to sell as well,” he said. “There won’t be any particular single association, but we’ll probably use talented and skilled consignors, either by recommending our clients to them or using them ourselves.”

Additionally, Three Chimneys recently eliminated six positions among its organization, including Jen Roytz, former director of marketing and communications.