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The Breeders' Cup board will be looking for a new director. (AP Images)

The Breeders' Cup announced yesterday that B. Wayne Hughes, a prominent Thoroughbred owner and the founder and chairman of Public Storage, has resigned from the Breeders' Cup board of directors to concentrate on other business interests.  Hughes had been part of the Breeders’ Cup board of directors since 2006.

"Since I began serving on the Breeders' Cup Board in 2006, we have undergone a series of changes and innovations, and I am proud to have played a role in helping chart a new course for the organization," said Hughes.

"We will miss Wayne's passion for our industry, his business acumen and candor, and we are very grateful for his service to the Breeders' Cup," said Breeders' Cup chairman William S. Farish Jr.

The Breeders' Cup Board will choose a replacement for Hughes from the Breeders' Cup members and trustees on January 20 to serve the remainder of the term.  Hughes' term expires in June.

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