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.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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