This season’s Group I Australian Guineas winner Palentino has a major change of ownership.

Palentino will race in new ownership next preparation. Photo: Darryl Sherer

Sun Stud, formerly known as Eliza Park International, has secured a 50 percent stake in the Darren Weir-trained three-year-old son of Teofilo.

Sun Stud principal Danielle Cheng said the operation had chased Palentino hard.

“Sun Stud had been pursuing Palentino since the Australian Guineas and has been fortunate enough to secure a 50 percent stake in the colt,” Cheng said.

“The view is obviously with a stallion in mind but we are extremely excited about his racetrack potential which we feel is yet to be fully realised.

“He’s a horse we have a long term plan for and we’d like to think he can be competitive in a race like the Cox Plate in the spring and then potentially Europe.”

Winner of the Group 1 Australian Guineas over 1600m at Flemington in March, Palentino will race on in 2016 before retiring to stud in Victoria for the 2017 season.

Sun Stud sale and nominations manager Mark Lindsay said the farm was delighted to have secured Palentino.

“He is the type of colt we are wanting to stand and make available for our clients and mare owners however we are looking forward to further Group race wins with him before he gets to the breeding barn.” Lindsay said.