Future Breeders: Three Chimneys (Robert Clay, Owner)
On Preakness day (before the race), Three Chimneys reached an agreement with IEAH and Paul Pompa Jr. worth somewhere in the range of $50-60 million regarding the breeding rights to Big Brown.
USA Today - Gary Mihoces - June 6: Big Brown set for five-star life once racing career ends
There are six, spacious stalls in the main stallion barn at Three Chimneys Farm. One will be going to Big Brown, whose breeding rights have been acquired by the farm......more
Exact details of the deal between IEAH and Three Chimneys were not immedately released and some reports are conflicting. In an article at Blood-Horse.com, indications are that Three Chimneys only purchased a "minority interest" in Big Brown and that the racing career of the horse is under the control of IEAH and Paul Pompa Jr.
AP - Will Graves - June 5: Three Chimneys gears up for Big Brown's arrival
Lazy afternoons spent in a paddock with plenty of room to roam and all the Kentucky bluegrass you can eat. A morning hot walk or a casual jog around a quarter-mile track. Daily baths and the kind of personal attention that would make even the most pampered celebrity blush. Oh, and a date — sometimes two — just about every day for five solid months. Visitors stop by a few times a week, snap your picture and tell you just how great you are. A horse could get used to this.
If Big Brown thinks he's got it made now, standing so regally in his stall at Belmont Park while he waits for Saturday's run at a Triple Crown, wait until he gets to Three Chimneys. The farm, 2,000 acres in the middle of Kentucky's pristine horse country, will serve as Big Brown's home once the Kentucky Derby and Preakness winner retires from racing, probably by the end of the year......more
Daily Racing Form (subscription) - Glenye Cain Oakford: Three Chimneys enters new era
A little more than 23 years ago, Robert Clay stood outside the stallion barn at his Three Chimneys Farm, awaiting the arrival of the undefeated Triple Crown winner Seattle Slew, who came to the Midway, Ky., farm after starting his stud career at Spendthrift. Clay hopes he will be waiting for another undefeated Triple Crown winner in the fairly near future, now that Three Chimneys has secured the right to stand Kentucky Derby and Preakness winner Big Brown at stud in a deal that is believed to put the stallion prospect's value at about $50 million.....more
Blood-Horse - Dan Liebman: Whirlwind for Clay Pays Off
....Clay would not release any financial details, but said he and a group of 10-12 partners purchased a "minority interest" in Big Brown. When the colt will be retired is completely controlled by his owners, IEAH Stables and Paul Pompa Jr. "The racing career is under Michael’s direction," Clay said, referring to Michael Iavarone of IEAH......more
Newsday had reported that sources indicated the deal was worth $60 million, but had no further details.
New York Newsday - Ed McNamara: Source says Big Brown stud deal worth $60 million
Win or lose June 7 in the Belmont Stakes, what are the chances that undefeated Triple Crown contender Big Brown will run again? "Very good," his co-owner, Holbrook resident Michael Iavarone, said yesterday. "As long as he comes out of the race in the right way and shows us that he wants to go on, I think it would make sense for us to go on with him." Iavarone has said Big Brown will not race as a 4-year-old next year, when he will begin his stud career. On Saturday, Iavarone sold Big Brown's breeding rights for what one source told Newsday yesterday was more than a record $60 million......more
Blood-Horse: Big Brown to Three Chimneys
...."We have entertained a variety of flattering offers but felt Three Chimneys was the best choice for us," Iavarone was quoted as saying in a press release on the IEAH Web site. "We were determined to participate in his breeding career and the Three Chimneys deal has given us this opportunity.....more
New York Newsday - Ed McNamara: Stud deal for Big Brown
....IEAH co-president Michael Iavarone said this week that the colt will not run next year as a 4-year-old. "We have entertained a variety of flattering offers but felt Three Chimneys was the best for us," Iavarone said.....more
