Racing NSW announced on Monday that it has purchased Princes Farm. The property was formerly owned by legendary trainer Bart Cummings AM. The announcement confirmed a report on smh.com.au overnight of the pending purchase from the Cummings family.
Princes Farm is located one hour from the Sydney CBD at Castlereagh on the banks of the Nepean River. The land is 137 acres and amongst other improvements has 67 day yards, 1000 metre sand track, stables, water license and kilometres of fencing, plus a number of residences.
Racing NSW Chairman, Russell Balding AO welcomed the purchase which will provide great benefit to the NSW Thoroughbred Racing Industry.
“Naturally we sought to keep this historic property in the industry’s ownership. It has enormous opportunity for the NSW Thoroughbred Racing Industry including the establishment of a Racing Academy which will not only be used for the training of jockeys, trackwork riders, stablehands but for all racings workforce. In particular it will be used as an educational facility for Stewards. The property will also be used as the show piece for the Horse Rehabilitation Program and for a Quarantine Station” Mr Balding said.
Racing NSW Chief Executive, Peter V’landys AM said that “The property is a very valuable asset for now and into the future for the NSW Thoroughbred Racing Industry. Also, its most pleasing that the great Bart Cummings AM property will stay in the industry.
“The Board of Racing NSW will consider changing the name of the property to the Bart Cummings Farm, to further recognise the great man.”