Eric Gustavson

Spendthrift Farm's Ned Toffey has been named the Kentucky Thoroughbred Farm Managers' Club (KTFMC) 2024 Ted Bates Farm Manager of the Year. Toffey has been at Spendthrift since 2004, when he worked with the late B. Wayne Hughes to rebuild the historic farm to a leading modern-day institution in the sport. KTFMC will host its annual Dinner Dance to honor Toffey at the Carrick House in Lexington on Friday, Dec. 6. A silent auction will be held with all proceeds benefitting a charity of Toffey's choosing. "Ned's management of Spendthrift,...

Nineteen individuals have been elected Breeders' Cup Members by 2023 Breeders' Cup foal and stallion nominators in voting that concluded Monday evening. Each Member will serve a four-year term. The following individuals, listed alphabetically, received the most votes from the Breeders' Cup nominators to fill 19 Member seats: Conrad Bandoroff, Maria Niarchos-Gouaze, Barbara Banke, David O'Farrell, Boyd Browning, Bernie Sams, Doug Cauthen, Alex Solis II, Matt Dorman, Edward (Ned) Toffey, Craig Fravel, Elliott Walden, Eric Gustavson, Barry Weisbord, Bret Jones, Aron Wellman, Gray Lyster, Jacob West, and Clem Murphy. The...

The GI Beholder Mile is being renamed the B. Wayne Hughes Beholder Mile in honor of the multiple champion's late owner, who passed away in August 2021. Hughes, the founder of the Public Storage company and whose silks carried the same purple-and-orange color scheme, owned horses for five decades and was the proprietor of Spendthrift Farm from 2004. Beholder, a daughter of Henny Hughes, was purchased for $180,000 at the 2011 Keeneland September sale and won a record 13 stakes races at Santa Anita, including the 2012 GI Breeders' Cup...

Spendthrift Farm has made a $50,000 donation to the Light Up Racing initiative, the community-driven organization said in a release early Friday morning. Founded by a group of horse racing advocates, Light Up Racing's primary mission is to educate both the industry and the public on evidence-based practices, with a strong emphasis on horse welfare and transparency. The organization seeks to reshape perceptions and foster a well-informed community. "Our donation demonstrates our commitment to upholding the highest standards of horse welfare, fostering transparency, and driving positive perception change for our...

Eric Gustavson, who with his wife Tamara Hughes Gustavson own Spendthrift Farm, has been named to Keeneland's Advisory Board of Directors, the association said in a press release Thursday. Gustavson has played a pivotal role in restoring Spendthrift Farm's position as one of the world's premier Thoroughbred breeding operations. He is also a member of The Jockey Club and Breeders' Cup Board of Directors. "We welcome Eric Gustavson to the Keeneland Board, where his business skill and marketing acumen will be instrumental as we meet the opportunities and challenges of...

In the Sept. 30 edition of the Thoroughbred Daily News, we ran an interview with John Sikura in which he raised questions about the funding mechanism and purse of the Kentucky Derby. In the article, Sikura says: "(The Kentucky Derby is) "The single event that drives the commerce of the industry. The point of entry to virtually everybody that owns a horse: 'I want to win the Kentucky Derby.' If you're fortunate enough to do so, there should be a financial reward that recognizes that--not just pride in achievement. A...

Seven new members were elected to the Jockey Club of America, which include Gary Fenton, Eric Gustavson, Bret Jones, Jane Lyon, Michael Mulvihill, David O'Rourke and Mandy Pope, the organization said in a release early Thursday morning. Fenton has been the managing partner of Little Red Feather Racing, a racing syndicate based in California, since 2005, and he is on the board of the Thoroughbred Owners of California and has been chairman since 2021. Over the last 17 years, Gustavson has overseen Spendthrift's growth as it acquired, raced and launched...

They say that beauty is in the eye of the beholder, but in the case of one of the world's most precious broodmares it has so far been a case of "look but don't touch." That's all about to change, however, with the inclusion in Fasig-Tipton's freshly-minted Saratoga catalogue of a colt by Curlin out of Beholder (Henny Hughes). This is the first of the Hall of Famer's foals to be offered for sale by Spendthrift, a move that reflects a quiet shift of the weathervane as the farm evolves...

3rd-Churchill Downs, $80,000, Msw, 5-27, 2yo, f, 5f, 1:00.27, ft, head. EASY RED (f, 2, Omaha Beach--Blessings Count, by Pulpit) was hammered at the windows from 5-1 down to 3-2 in her debut here for first-crop sire Omaha Beach (by War Front), who recorded his first winner with Cynane May 5 at Belmont Park. The chestnut filly trailed early, but began to make up ground around the far turn. Racing out in the center of the track, Easy Red laid down a furious rally down the lane and with less...

Edited Press Release As One Racing Stables has launched its first diverse and inclusive racing partnership. The group will race under the As One Racing banner and has acquired its first equine athlete to promote the group's mission and vision. As One Racing was formed by a group of six like-minded individuals with a desire to grow the sport by broadening its base and bringing new faces to the industry. Turning to history, the group recognized the need for the African American community that had once been a vital part...

Lexington, KY - Spendthrift Farm opened the doors to its new B. Wayne Hughes Visitors Center on Tuesday, Nov. 1 as part of the lead-up to the Breeders' Cup World Championships. Named in honor of the farm's late founder, the 7,000 square-foot, two story facility will serve as the home for Spendthrift's tourism. The building is located between the farm's stallion complex and main office and features a trophy room, which showcases Spendthrift's collection of trophies, artifacts and racing memorabilia, as well as a gift shop.   Spendthrift owners Eric...

Spendthrift Farm has erected its new Malibu Moon memorial statue that will serve as the centerpiece at the front of the B. Wayne Hughes Visitors Center, which is set to officially open Nov. 1 during Breeders' Cup week. "The B. Wayne Hughes Visitors Center has really come together, and the addition of the Malibu Moon statue in front is a special highlight that we are all very proud to see go up," said Ned Toffey, Spendthrift General Manager. "We look forward to unveiling the visitors center Breeders' Cup week as...