Sir Patrick Hogan has announced the sale of his famous Cambridge Stud in New Zealand.

The farm will remain in local hands with Auckland businessman and racing enthusiast Brendan Lindsay and his wife Jo to assume control in April.

Hogan's gamble on French horse Sir Tristram paid off when he brought him to New Zealand where he began to set records at the sales and his sons and daughter excelled on the track in the 1980s and 90s.

He sired 45 individual Group One winners with his son Zabeel's record standing at 46.

The stud's latest acquisition, Tavistock, has already sired four individual Group One winners.

Hogan also owned the mare Eight Carat whose progeny included champion Octagonal from Zabeel's first crop.

"It is no secret that there has been huge international interest in Cambridge Stud for some time now," Hogan said.

"Many different parties have made approaches to us, however Justine and I were determined to wait for both the right time and the right people - that was non-negotiable for us.

"That right time has now come and the right people have arrived. A new chapter begins for Cambridge Stud and is one that we firmly believe was worth waiting for.

"Cambridge Stud has been our lives for over four decades. We have nurtured it, been its guardians and have proudly seen it evolve into the globally respected operation it is today."

Hogan, 78, says he has no intentions to retire and has interests in more than 40 racehorses.

He will sell his final Cambridge draft at the Karaka yearling sale early next year.

"In answer to the undoubted question of my retirement - the answer is a firm no, that is not on my agenda," Hogan said.

"We will have our 2018 Karaka draft, the final one under our auspices, to prepare. After that I have plenty of racing and breeding interests to keep me firmly involved in the industry - an industry I will be fully immersed in until the day I die."

The Lindsays have owned and bred Group One winners from their boutique 200-acre farm at Karaka.

"We are very aware of the huge responsibility that comes with assuming the ownership of such a treasured and revered operation as Cambridge Stud," Brendan Lindsay said.

"Cambridge Stud is more than a stud farm - it is a unique Kiwi legend. No matter where you travel in the world, the Cambridge Stud name is synonymous not only with New Zealand but with unequalled Group One excellence. Eight Melbourne Cups, four Cox Plates, three Caulfield Cups and the Golden Slipper have been associated with the stud.

"We will honour the legacy that Sir Patrick and Lady Hogan have entrusted us with."