Fasig-Tipton Co., which owns the facility where the Lexington Selected Yearling Sale holds its annual auction, is being sold to a Dubai-based company with close ties to Sheikh Mohammed bin Rashid al-Maktoum, a prominent Thoroughbred breeder and buyer and the ruler of Dubai. On Thursday Fasig-Tipton announced it had reached an agreement to be acquired by Synergy Investments Ltd., a company headed by Abdulla Al Habbai.
The Lexington Selected Yearling Sale, which was formed through a partnership by the Kentucky Standardbred Sales Company and Tattersalls, has held its annual auction at the facility since its beginning in 2005.
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