Musket was bought by Ingham for a then record .5 million at the William Inglis Easter sale, where over the past three years the "chicken king" has spent .4 million buying 68 youngsters.
"The sale of the bloodstock business was not something I was contemplating," Ingham said yesterday in a joint statement with Sheik Mohammed, who races horses under the Godolphin banner.
By 1967 they had bred their first of eight Golden Slipper winners in Sweet Embrace. Within three years, two adjoining farms had been added, and Woodlands Stud had expanded to 2500 hectares.
In a multimillion-dollar deal in 1989, the Inghams bought the media mogul Mike Willessee's Transmedia Park Stud at Cootamundra.
"I have long admired the love Australians have for the horse and for racing," Sheik Mohammed said in the statement.
It will now have two studs in the Hunter Valley and one in Victoria, as well as Ingham's Cootamundra farm.
At one point the Inghams had racing stables in Sydney, Melbourne, Brisbane and Adelaide.
In 2003, Woodlands was crowned the leading breeder of stakes winners in the world.
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