Kentucky Derby winner Big Brown will head for stud at Three Chimneys after his racing career, which the colt's owner, International Equine Acquisitions Holdings, has said will end with his 3-year-old season.
Big Brown, a Boundary colt who was to run in the Preakness Stakes late Saturday afternoon, went into the second leg of the Triple Crown undefeated in four starts. He won the Derby on May 3 by 4 3/4 lengths.
The stud deal reportedly puts Big Brown's total value at about $50 million. The deal with Three Chimneys, the Midway, Ky., nursery that also stands the 2004 Derby and Preakness winner, Smarty Jones, appeared to have fallen through on Thursday, when International Equine's founder and co-president, Michael Iavarone, issued a statement saying a hoped-for Preakness-week sale of the colt's breeding rights had been scrapped as "legal issues and time constraints proved too much to overcome."
According to an announcement made by NBC during Preakness coverage, Big Brown will be syndicated.
Bred by Monticule Farm in Kentucky, Big Brown is out of the Nureyev mare Mien.