Coolmore Stud has been revealed as the successful buyer of the breeding rights to champion US colt American Pharaoh.
Ahmed Zayat, owner of the Kentucky Derby and Preakness Stakes winner, has confirmed that his Pioneerof the Nile colt will stand under the Coolmore banner upon the completion of his racing career.
On Tuesday Zayat reportred that he had sold the breeding rights to American Pharaoih but said a “confidentiality agreement” precluded him from divulging the stud or the value of the deal.
The deal was reported to be worth well in excess of $US20 million but Zayat would not entertain further discussions until after American Pharaoh contests the Belmont Stakes in New York on June 6 where he will bid to become the first to Triple Crown winner since Affirmed in 1978.
Zayat retains full ownership of the colt until he retires and reports indicate he intends to keep American Pharoah in training after the Belmont Stakes.
Sold asa yearling for $300,000 at the Fasig-Tipton Saratoga sale, American Pharoah was named US champion 2YO after wins in the GI Del Mar Futurity and GI FrontRunner Stakes in 2014.
He is unbeaten in four starts this season, with current earnings of $US3,730,300.