Eliza Park has been placed in receivership after the deadline for its sale passed on April 26 without a buyer being found.
Eliza Park is based in Victoria and Queensland – on freehold and leasehold properties – operating breeding, agistment and racing ventures. It stood 14 stallions in 2012 headed by Black Caviar’s sire Bel Esprit.
Since news of the sale was announced earlier this year, Written Tycoon and God’s Own have moved on while Squamosa was added to its Kerrie roster.
Owner Lee Fleming is a son of former STC Chairman and successful supermarket entrepreneur Jim Fleming. His brothers Dean and Paul took over the running of the family’s Tyreel Stud in NSW when Fleming snr died in December 2007.
When Eliza Park was put on the market, Lee Fleming had hoped the sale would generate $20 million. “I’m immensely proud of our position as one of the nation’s top thoroughbred operations,” he said. “It represents a tremendous opportunity for investors.”
Eliza Park will continue to run as normal while insolvency firm PPB Advisory conducts a review of its operations.