By Dane McLeod/TTRAusNZBig changes are on the horizon for Mitch Cunningham and his family, following the decision to sell their Hunter Valley property, Ridgmont Farm. While this marks the end of their time as stud farm owners, their commitment to the racing and breeding industry remains strong, with their involvement continuing from Newgate Farm.Cunningham originally acquired the property – then known as Glastonbury Farm – in 2020 alongside Andrew Dunemann and Neil Douglas, purchasing it from Duncan and Di Grimley, and Yvonne and Mark Clerke. Following the sale, the farm was rebranded as Ridgmont and, in 2023, Cunningham bought out his business partners and assumed sole ownership.Cunningham acknowledged the challenges and questions that could arise around making this announcement mid-season, but he explained that upcoming Magic Millions Gold Coast Yearling Sales preparations have been a significant factor.He said, “There was never the right timing for this decision, but first and foremost on our mind was that preparations for Magic Millions are starting very shortly, so one factor of the decision is around that.“We had no intention of moving horses mid-preparation. This way, we can travel the horses to Newgate, and they can start their Millions preparation there. There wasn't much time left, so we had to make the call and let our staff know.“It's a regrettable decision, but a decision that has been made to redistribute equity into building our racing and breeding portfolio. It is a re-calibration of the allocation of funds for us, and a desire to continue to develop our broodmare band.”With the sale of Ridgmont Farm now pending, the Cunninghams have made arrangements to relocate their horses. All broodmares, foals and yearlings will move to Newgate Farm, which will also act as consignor for Ridgmont-owned yearlings during the 2025 sales season.“We have done a lot of business together in the past, so it is a natural fit,” Cunningham added. “Henry Field and the team have been a huge source of counsel for us, and we have a lot of stallion equity with them.“I'm really looking forward to working with Henry, Bruce [Slade] and Jim [Carey], and I'm sure we will have lots of success. Ridgmont will continue building towards having one of the leading broodmare bands in Australia.”The post Ridgmont Farm On The Market as Cunningham Family Shift Focus appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.