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Rausing and Frisby purchase historic BBA

TBA CHAIRMAN and Lanwades Stud owner Kirsten Rausing has joined forces with agent Richard Frisby to buy theBritish Bloodstock Agency, which next year marks its 100th anniversary.

At its pinnacle, from the post-second world war period to the 1980s, the BBA was the largest bloodstock agency worldwide, dominating sales and buying notable horses including Caerleon, Nureyev and record-priced $13.1million yearling Seattle Dancer on behalf of a Coolmore syndicate.

Both Frisby and Rausing served as directors of the famous Newmarket firm but left, along with many longstanding agents, in 2001 – a turbulent year for the BBA in which Simon Hayes took over as chief executive, overhauling the company and changing its name to Newmarket Investments.

Kirsten Rausing - Sept 08 - Mark Cranham

Kirsten Rausing: new BBA director

  PICTURE: Mark Cranham 

The BBA was among Newmarket Investments' portfolio of companies, which also includes equine insurance agency ERM and the International RacingBureau.

Rausing bred Sunday’s Prix de l’Arc de Triomphe contender Fame And Glory in partnership with Ptarmigan Bloodstock, a company founded in 2004 by Frisby and David Loder, with former banker and Egerton Stud owner Guy Heald as one of the main investors.

The BBA name will be used to front a similar venture, with Heald on board as a third director alongside Frisby and Rausing, and Michael Goodbody joining the company in a consultancy role.

The operations of the new BBA will bear little resemblance to the agency in its heyday. Rausing and Frisby said in a statement: "We would like to emphasise that it is not our intention to rekindle the BBA as an agency with all its former ancillary services.

"Our first aim is to establish a significant bloodstock investment fund which will trade principally in breeding stock. The fund, BBA 2010, would be formed as an Enterprise Investment Scheme."

The Enterprise Investment Scheme offers tax relief to encourage investment in smaller higher-risk trading companies.

Frisby said: "The aim is to be in action in time to purchase at the breeding stock sales. Letters are being signed now outlining the investment opportunity and the offer will close in mid to late November." 

 

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