Bloomberg News

Padua Stables, Birthplace of Silver Charm, to Be Auctioned

May 26, 2012

Padua Stables, the 763-acre Florida horse farm where 1997 Kentucky Derby and Preakness Stakes winner Silver Charm was foaled, will be auctioned May 31, nine days after Secretariat’s birthplace in Virginia was sold.

The Ocala, Florida, farm is owned by Satish Sanan, who invested $30 million in improvements since 1998. Sanan moved his thoroughbred racing operations to Lexington, Kentucky, in 2007.

“We were shipping our high-end mares from Florida to Kentucky and back every year, and it didn’t make financial sense anymore,” Sanan said in a statement on the auctioneer’s website. “It’s a shame because we put our heart and soul and a lot of capital into the farm in Florida, but it’s the best thing for the business to do.”

The farm includes an 8,000-square-foot, eight-bedroom owners’ home, 22-room dormitory, breeding and training facilities, 3/4-mile dirt track and 20 run-in paddocks.

After winning the first two legs of thoroughbred racing’s Triple Crown, Silver Charm came in second to Touch Gold in the Belmont Stakes.

Mark Lovell, an expositions promoter, purchased the birthplace of Secretariat, the winner of horse racing’s Triple Crown in 1973, and the Virginia State Fairgrounds for $5.35 million at a foreclosure auction.

To contact the reporter on this story: Nancy Kercheval in Washington at nkercheval@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net


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