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-- do that big brown will try to become the first thoroughbred.
Triple Crown winner in thirty years tomorrow at the Belmont Stakes.
But the COLT is already making big green for the owners.
A legally purchased for just 60000.
Dollars he now has a reported -- -- fifteen million dollar breeding deal.
With a three chimneys farm in Kentucky the same farm that red flannel -- in Smarty Jones joining us is the owner of that farm.
And owner of big Brown's breeding rights proper -- good morning good morning.
So it is congratulations in order and you have a deal.
We do have a deal we're thrilled to have the privilege of standing big brown three chimneys.
Pretty exciting news there has been a lot of reports from the press let me ask -- about those first before we get into that the business of breeding.
That you did this deal for fifty million dollars.
After the Kentucky Derby and before the preakness.
Is that true and why did he do that so early.
Well we did do the deal after the derby before the preakness where I'm on the school we're not disclosing the price the terms of the deal.
His potential looked so great we felt like it was a good time to to make the investment the sellers were owners Rangers should end.
Making a deal with a farm that -- to manage a horse after his retirement and going heading getting the way so so we did make available for the preakness.
The black people in the industry who are surprised that the -- made the deal very early some of them talking about the injury to.
Big Brown's foot and whether or not that -- played into it or if they were hedging their bets.
I'm sure you have done your due diligence.
Is this probably one of the greatest opportunities for you or do you feel that there's some inherent risk in this as well.
-- we had some great up.
-- -- in Seattle -- for seventeen years was a huge opportunity for us.
We did do our due diligence on the source physically and we were comfortable that is -- what will last him throughout this year.
So can I ask you this is -- -- like a two part.
Fifty before it happens NN that the Triple Crown happens it's something else because you and I both know.
The New York Times and many other publications are suggesting that.
If big brown wins the Triple Crown it could -- as high as a 120 million dollars for this deal.
Where we're not disclosing the terms of the deal I will say that if -- is a Triple Crown his values stood will be more than than if he does not.
-- I like that.
Let's talk about them as a for breeding.
What do you think about the business of breeding -- -- that has caught a lot of attention some scrutiny right now about what it's doing to horse racing how does that work.
And you've been in it for a long time why is it's so successful.
Well that you human -- lost one.
To be to his his his fellow man would with a with a horse and that goes back to cro Magnum man so I think that that innate desire to win a sporting event -- with the with the this.
Magnificent thoroughbred animal.
It's something that that continues to grow our sport and there is -- demand for those sources and people breed them to race and they also breed them to sell and we're in the business of managing these stallions.
And trying to bring them -- the best marriage possible to produce the best forces to continue to win the classic races.
I asked you before you sat down -- said it appears to me that there is a conflict of interest here.
There's a lot of scrutiny that of course the course is potentially gonna go off the market after the Triple Crown if in fact big brown wins the Triple Crown.
You -- -- is -- business a breeding champions.
But if the horses are studied so quickly.
How can -- become champions for horse racing if they're not able to participate in things like the breeders' -- cup or continue to.
You know make horse racing exciting -- or bring fans to horse racing at a time when right now horse racing is really not that successful.
Well -- they owners have indicated that they are going to take this question that.
To the Breeders' Cup so I think that the public will be able to CB -- from there for the rest of the year and run in the championship at the end of the year.
In the insurance cost have gotten so high for these forces that the economics of keeping him on the track sometimes.
Our guys just not possible.
And this and that's unfortunate we would be better we can run these -- longer but it does become a matter of measuring the economic risk.
The the risk of keeping horse in training.
Have to change in that regard because as I -- to you why I grew up with a family around questions I went to Saratoga every summer as a kid for probably fifteen years -- one of my favorite places to go on the planet.
When we looked at -- -- pushes more and it's you know 2030 races -- -- today.
You look at big brown and big brown has -- five times so what will change -- have to change an order for this to turn around.
Well I mean there are still a lot of -- Is around point three times and there -- a lot of horse around forty and fifty times.
A big brown happen to have a foot injury and here at the end of his two year old -- and he is only -- five times but he has been very brilliantly and and all of those races.
And I expect that he's going to run some more this year so.
Each each course is different on that on his durability and how.
How many races they choose to run in them.
Now a horse like big brown -- two what we sat down as well explain the very basic basic terms here.
What can a horse like big brown do in terms and reading opportunities.
How many horses does -- -- blended value on the sources and how -- you know when you have a champion.
For another -- well.
And then the demand this of them demand creates the price the market to create creates the price and if he wins -- Triple Crown he will get us elections have so many of the best -- in the world.
And a very usual send those matters to him I'll try to breed another champion and how we determine if he's a champion he's back on the on the race course tests and once again trying to trying to -- -- another Triple Crown winner.
Well Robert clay predictions for tomorrow let me guess.
Big brown in the Belmont.
Help but how many legs.
I think that that's that's and that's that's the hard hard to tell it's very difficult to tell I just hope there is hope he comes home safely that's the main.
The main thing I think the number of lake city wins by this is not as important is that it's affected all of you come home safely one of the best you've ever seen one of the best I've ever seen.
-- best to block thank you so much for joining us I wish I could be there with you but I'll be watching the created breath -- you should come I show it OK we all talk about that I've been.
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