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American Pharoah's breeding rights sold
horse web
Victor Espinoza celebrates winning the second leg of the Triple Crown atop American Pharoah at the 140th Preakness Stakes, May 16, at Pimlico Race Course in Baltimore, Md. - photo by Associated Press
NEW YORK — Win or lose the Belmont Stakes, Triple Crown hopeful American Pharoah is expected to keep racing for the rest of the year. At least that's the plan owner Ahmed Zayat laid out Wednesday after confirming the sale of breeding rights of his Kentucky Derby and Preakness winner to Coolmore Ashford Stud near Versailles, Kentucky. The value of the deal was not disclosed, but even before the announcement, Zayat's son, Justin, said the family had been inundated with offers, some for more than $20 million.