Triple Crown Champion Value Soars Print E-mail

East Coast Equestrian

June 11, 2018

Newly minted Triple Crown champion Justify saw his stud value skyrocket with his gate-to-wire victory Belmont Stakes. The muscle on muscle chestnut three-year old colt with a big white blaze joined Seattle Slew as the only undefeated Triple Crown winners and became the 13th horse ever to win the Triple Crown comprised of the Kentucky Derby, the Preakness Stakes and the Belmont Stakes at Belmont Park on June 9.Justify Winstar

ESPN sports business reporter Darren Rovell reported the Belmont Stakes (Grade-1) victory pushed the value of Triple Crown winner Justify to an all-time record $75 million.

ESPN and the New York Times previously reported after the Preakness that an agreement was in place for the owners of Justify's breeding rights – WinStar Farm with 60 percent, China Horse Club with 25 percent, and George Soros' SF Bloodstock with 15 percent – to sell them to Coolmore Stud for $60 million with a $15-million bonus if the son of Scat Daddy were to win the Belmont.

WinStar Farm CEO Elliott Walden has denied that a deal has been made. The New York Times said that it may not be official until September so that Justify's owners can take advantage of tax laws dealing with capital gains. Rovell writes that Coolmore can put a higher value on Justify than other stud farms because it has the capacity to stand the superstar at both its Ashford Stud in Kentucky and in Australia during the southern Hemisphere breeding season. WinStar has stood some of its stallions in the southern Hemisphere but does not own a stud farm in Australia. The highest previous stallion deal, Rovell writes, was the $70 million Coolmore paid to acquire 2000 Kentucky Derby winner Fusaichi Pegasus.

 
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