Recent Publications
June 9, 2008
Big Brown deal includes incentives, IEAH controlling interests
Joel
B.
Turner
By Ed DeRosa
As the connections of Big Brown continued to prepare the dual classic winner for the Belmont Stakes (G1) and a chance at becoming the first Triple Crown winner since Affirmed in 1978, details about the Boundary colt's next career began to surface.
The deal to stand Big Brown at Robert and Blythe Clay's Three Chimneys Farm in Midway, Kentucky, gained attention for being completed just hours before the Preakness Stakes (G1), but the deal valuing the Boundary colt at more than $50-million was ten days in the making. Three Chimneys bought a minority stake in Big Brown with current majority (75%) owner IEAH Stables retaining what attorney Joel B. Turner called a controlling interest in the colt. Turner said that the deal also includes several incentives that could further increase Big Brown's value.
Click to read the full story.