'Pegasus' is sold for reported $70M


Kentucky Derby winner Fusaichi Pegasus, who finished second in the Preakness and missed the Belmont with a minor hoof injury, has been sold for a reported world record $70 million.

The winner of the bidding war for Fusaichi Pegasus' breeding rights was Coolmore Stud, a thoroughbred breeding and racing empire based in Ireland. According to Coolmore spokesman Richard Henry, the agreement that calls for Fusaichi Pegasus to begin his stud carer in 2001 was finalized with representatives of the colt's Japanese owner, Fusao Sekiguchi, on Friday night.

Fusaichi Pegasus will stand at Coolmore's Kentucky branch, Ashford Stud in Versailles, Ky., during the Northern Hemisphere breeding season and will go to Australia for the Southern Hemisphere season. His stud fee is expected to be $200,000 per mare in the Northern Hemisphere, breaking the record for a new stallion.

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