The Old Friends Thoroughbred Retirement organization announced Aug. 10 that it will be expanding in upstate New York and has secured additional funding through the Sackatoga Stable syndicate.

Michael Blowen, Old Friends founder and president, said his outfit has the opportunity to buy the former Sez Who Thoroughbred Farm near Stillwater, N.Y., for $1.4 million. The farm is about 15 minutes south of Saratoga Springs, home of Saratoga Race Course.

"The cost just to put up the fencing on a farm like this is $1 million, so we have a real opportunity here," said Blowen. "The farm is practically in move-in condition."

Sez Who, which has not been an operating farm for a year and half, covers 265 acres and includes six barns with more than 150 stalls. Old Friends has a waiting list of 67 horses and needs to expand, according to Blowen