American Pharoah’s owner, Ahmed Zayat, said horse racing’s first Triple Crown winner in 37 years will retire at the end of 2015 after racing at least one more time.
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Once he retires, the horse’s breeding rights will be valued at “substantially higher” than $20 million, Zayat said via ESPN. Affirmed was sold for $14.4 million — $46 million in today’s market — in 1979 after winning the Triple Crown.
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After the Preakness, American Pharoah’s breeding rights were sold to Coolmore Ashford Stud in Kentucky.
