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Tuesday, 10th July 2012
In Japan Sports News,

Japanese farm forks out $10m on horse

A farm based in Japan has dug deep to purchase a racehorse at the end of his sporting career.

Big Red Farm put in a bid of $10 million for the Canadian-owned horse, I'll have another, who also received offers of between $3 million and $5 million from the US.

Writing a guest blog for bloodhorse.com, owner Paul Reddam explained it was not an easy decision to make but that the colt would benefit from a "much better book of mares" in light of the Japanese offer.

He said: "As far as his care goes, he will get top quality care in Japan. People are not going to spend that kind of money on a horse and then neglect him."

Mr Reddam admitted that his decision was motivated by financial gain as other owners "would have kept the horse despite the money".

The owner decided to sell I'll have another after he suffered a debilitating tendon injury which was likely to plague him in further competitions.

I'll have another counts the Kentucky Derby among his wins.

Posted by Graham McPherson