NEW YORK (AP) -- The owner of I'll Have Another says he sold his Kentucky Derby and Preakness winner to a farm in Japan for $10 million, a price that far exceeded any amount he was offered in the United States.
J. Paul Reddam made his comments in a blog appearing on the bloodhorse.com website. He writes there were two offers from U.S. breeding operations, one valued at just under $5 million, the other at $3 million.
Reddam also notes that the rights of Derby, Preakness and Belmont runner-up Bodemeister "recently purportedly sold for about 13 million in America."
I'll Have Another was retired with a tendon injury the day before he was to run in the Belmont Stakes and attempt to become the first Triple Crown champion in 34 years.