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Kentucky Derby winner I’ll Have Another sold for $10 million

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How much can a racehorse be sold for? Try $10 million. Kentucky Derby and Preakness winner I’ll Have Another was bid to a farm in Japan for $10 million (£6.44 million), according to former owner J. Paul Reddam. Two other offers from U.S. breeding operators amounted to $5 million and $3 million.

I'll Have Another attempted to become the first Triple Crown winner in 34 years but was retired with a tendon injury the day before he was to run in the Belmont Stakes. He’ll head to a new stud career at Shigeyuki Okada's Big Red Farm on the island of Hokkaido.

"Certainly greed has something to do with it," Redman wrote in a blog on bloodhorse.com, adding that the "one offer was four times higher in cash than the best offer here," and "I couldn't rationalize not selling him overseas." Reddam also claims that Kentucky Derby and Preakness runner-up Bodemeister "recently purportedly sold for about 13 million in America."

In U.K. horse racing news, Michaelangelo may compete for the Bahrain Trophy instead of competing in St Leger at Newmarket on Thursday. The John Gosden-trained sprinter has won the Leger the past two seasons.

"I'm not sure we'll run both of them - Shantaram will probably run and we were more thinking of the Gordon Stakes at Goodwood with Michelangelo," Gosden told attheraces.com. Masked Marvel took the Bahrain Trophy a year ago.

Gosden’s Nathaniel held on for a thrilling win in the Group 1 Coral-Eclipse at Sandown this past weekend, barely edging jockey Frankie Dettori’s Farhh.

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