Private company

Castleton Lyons

US horse-racing stable and breeding business

Castleton Lyons near Lexington, Kentucky, is an American horse-racing stable and breeding business best known by the name Castleton Farm.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1793Founded1
  • HeadquartersLexington1

Castleton Lyons near Lexington, Kentucky, is an American horse-racing stable and breeding business best known by the name Castleton Farm.2

The story

The farm was established in 1793 when Virginian John Breckinridge, a future U.S. senator and attorney general, purchased 2,467 acres (10 km2) of land and on a portion of it established a Thoroughbred horse-breeding operation. On his death, the property transferred to his daughter, Mary Ann, the then Mrs. David Castleman, who eventually built a mansion on the horse-farm site and gave it the family name. Under the Castlemans, Castleton Farm continued as a Thoroughbred operation, but added the breeding of American Saddlebreds and Standardbreds for harness racing.

Development by James R. Keene

The original property changed hands several times, occasionally small parts being divvied up and sold to multiple different parties. In the early 1890s, Wall Street tycoon James R. Keene acquired the farm and purchased additional land to bring the operation to almost 1,000 acres (4 km2). Keene usually referred to the farm as "Castleton Stud", and under his direction, it became one of the greatest Thoroughbred operations of its day. The farm bred and/or raced future U.S. racing Hall of Fame horses Kingston, Domino, Ben Brush, Colin, Sysonby, Maskette, and Peter Pan.

As part of a program honoring important horse racing tracks and racing stables, the Pennsylvania Railroad named its baggage car #5865 the "Castleton Farm".

Castleton StakesGravesend Race Track in Brooklyn, New York created the Castleton Stakes in 1908 to honor Castleton Farm. The event was run only one time when racing in New York state was shut down due to the New York Legislature enacting the Hart-Agnew anti-betting legislation with penalties allowing for heavy fines and up to a year in prison.

Ownership transition to Foxhall Keene

Upon the death of James R. Keene in 1913, the farm was taken over by his son Foxhall P. Keene. He continued the operation on a slightly reduced basis, but sold it in the 1920s to fellow New Yorker, David Look. Look had considerable success in harness racing, but was forced to sell the farm after experiencing personal financial setbacks during the Great Depression.

Mid- to late 20th century

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In the early 1940s, heiress Frances Dodge founded the Dodge Stable. She was the daughter of Michigan automobile pioneer John F. Dodge and a half-sister of Isabel Dodge, owner of the highly successful Brookmeade Stable. In 1945, Frances Dodge, with her husband (polo player and hunter/jumper rider) James B. "Jimmy" Johnson, purchased Castleton Farm and relocated her Dodge stables there. Their Standardbred breeding operation included two Hambletonian winners and a Little Brown Jug winner. After she married Pennsylvania native Frederick Van Lennep in 1949, the farm underwent major renovations to breed and raise Standardbreds. The Van Lenneps made Castleton Farm one of the pre-eminent operations in both disciplines. Under Mrs. Johnson, Dodge Stables' American Saddlebred show horse Wing Commander became a six-time world grand champion, and with her husband, she enjoyed enormous success in harness racing that included a number of Hambletonian and Little Brown Jug victories from horses such as United States Harness Horse of the Year and Harness Racing Museum & Hall of Fame inductee Victory Song (1947), Hambletonian Stakes winners, Hoot Mon (1947), Emily's Pride (1958), and Speedy Scot (1963). Among the other noteworthy harness horses bred by Castleton Stud were Ensign Hanover, winner of the 1946 inaugural Little Brown Jug, and 1972 Jug winner Strike Out, which won in world-record time. Strike Out went on to sire 1979 winner Hot Hitter, bred by Castleton in conjunction with Anthony Tavolacci.

2000s

In 2001, Irish businessman and racing enthusiast Tony Ryan acquired Castleton Farm from the Van Lennep Family Trust. Ryan renamed it Castleton Lyons after his Irish estate Lyons Demesne, and undertook renovations to the property while returning to its original roots as a Thoroughbred operation.

From Wikipedia’s article on Castleton Lyons, shared under CC BY-SA 4.0.3

Timeline

  1. 1793Founded Founded1

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$683.9K 2020–2021
Money received by yearMoney received by year, 2020–2021: $683.9K in all. PPP loans $683.9K.$0$100K$200K$300K$400K2020 · PPP loans: $336.9K20202021 · PPP loans: $347.0K2021
Figures by year
YearPPP loansTotal
2021$347.0K$347.0K
2020$336.9K$336.9K

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA4. Matched to this company by name and state.

  1. Apr 10, 2020$336.9K PPP loan (first draw) from JPMorgan Chase Bank, National Association4To CASTLETON LYONS, INC., Lexington KY; $340.5K forgiven May 10, 2021
  2. Apr 2, 2021$347.0K PPP loan (second draw) from JPMorgan Chase Bank, National Association4To CASTLETON LYONS INC, Lexington KY; $349.1K forgiven Nov 22, 2021

Sources

The numbers on this page point here. Each one links to the record it came from.

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