May 20, 2010

Current Events in Argentina:

Here is Argentina's Billionaire Eamon Cleary Invests in Polo Stud in Buenos Aires:
$2.0 billion
Best known for his heavy involvement in the growth of the dairy industry in Southland and Central Otago since the early 1990s, this Irish Kiwi is more enamoured of horses these days.
Based in Malta and running his global agribusiness empire without a corporate office, Eamon Cleary is investing in a big 485ha state-of the-art thoroughbred and polo pony stud near Buenos Aires in Argentina, where he also has property interests, including a shopping mall development.
But his biggest thrill was earlier this year at the Karaka sales, when he paid $300,000 for a chestnut filly. Not just any filly but one with a direct line back to a mare that sold for $US14.5 million at the Lexington, Kentucky, sales last November.
The filly is destined to become what is known as a Blue Hen – a brood mare that produces high-quality foals regardless of the sire’s pedigree. Cleary spotted the filly’s classic breeding lines because he was at the Lexington sale. The filly was owned by fellow Rich Listers Peter and Phillip Vela and was out of Ireland’s Silver and Roses from the Australian sire Pins.
“Both sides of the filly’s family have the genetics that go to create a Blue Hen mare,” Mr Cleary says.

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