Phoenix Thoroughbreds has purchased “a significant stake” in the Aquis Farm stallion Pierata.
Phoenix Thoroughbreds CEO Amer Abdulaziz confirmed the purchase in a statement on Sunday.
“We are thrilled to have bought into such an exciting young stallion. When the opportunity arose, we jumped at the chance to be involved,” Abdulaziz said.
“You only have to glance at his race record to see what a talent he was on the track and as a son of Pierro, we are confident he can follow in his father’s hoofprints as a leading stallion. We will be supporting him with plenty of our mares as well as in the sales ring.
“It’s extra special we get to face this exciting future with Aquis who have been fantastic partners. We have had plenty of success together and we are confident that will continue long into the future.”
Pierata is standing his first season at Aquis Farm in the Hunter Valley this year, advertised at $44,000. Aquis Farm’s managing director Shane McGrath said it is a privilege to partner with Phoenix.
“It is indeed a privilege to welcome Phoenix as our partners in Pierata. Phoenix have invested heavily in the Australian breeding industry and with their quality breeding stock we are confident Pierata will benefit greatly for our partnership.”