When asked Saturday about Pioneerof the Nile, Zayat said it was “mind-boggling” how important the horse has been to his stables.
Faversham said it was a savvy business move by Zayat to sell off American Pharoah’s breeding rights while retaining a large part of the syndicate that owns Pioneerof the Nile.
Before the race, American Pharaoh trainer Bob Baffert praised Zayat’s business approach,
“At the end of the day he has to sell these horses,” Baffert said. “You have to sell in order to stay with it.”
His stake in Pioneerof the Nile will help as well. The stallion’s relative youth also means he has fewer living sons, which likely boosts the value of his yearling colts as they go through the sales ring.
“There’s scarcity value to the Pioneerof the Nile line,” Fox said. “It insures than he and his sons remain in high demand.”