Tuesday, December 31st, 2013
LAKE WORTH, FL – It was announced today that the owners of the South Florida Trotting Center has reached an agreement to sell the harness racing training facility to Stathis Enterprises of New York and Vero Beach. The selling price was not disclosed.
The 102 acre facility features 14 barns and is home to 300 harness racing horses located on route 441/SR 7 in Lake Worth.
Stathis Enterprises is owned by Sam Stathis, who already has his Celebrity Farms Stable at the South Florida Trotting Center.
“I think this is going to be a wonderful opportunity for Stathis Enterprises,” Sam Stathis said. “I am obsessed with horses and harness racing and we are going to expand the farm. We have a lot of plans to keep this facility a real showplace.”
Eric Cherry, the original principle owner of the South Florida Trotting Center, is happy with the agreement.
“We have come to an agreement that we are both pleased with and I am going to stay on the farm with my Let It Ride Stable,” Cherry said. “I look forward to working with Sam as he has great plans for the future of the farm and to turn it into a premier facility.”
Sam Stathis was born in Greece and immigrated to the USA with his family at age 7. He is a passionate entrepreneur, investor, developer, engineer, inventor and philanthropist with extensive experience in starting and operating multimillion dollar companies on a domestic and international basis.
He also owns Celebrity Farms in Goshen, NY where he has a stable of horse and breeds Standardbreds for racing.
“This is going to be very exciting,” Stathis said. “I can’t wait to begin making improvements and moving forward. Now New York and Florida are my home and I can have the best of both worlds in winter and summer.”