Stallions command higher stud fees as their offspring win races, said Darren Fox, director of the stallion breeding season at WinStar Farm in Kentucky. Fees are tied to the number of healthy foals a horse can sire. Fox said Pioneer’s fees could “easily” reach $100,000 per live foal if American Pharoah won at Belmont Saturday.
Rights for American Pharoah himself were sold this year to Coolmore Ashford Stud. Zayat has said there’s an incentive in the deal if the horse won the Triple Crown and his plan is to race the colt for the rest of the year.
While terms of the Coolmore sale weren’t disclosed, industry analyst Bill Oppenheim said in an e-mail that American Pharoah’s stud rights will be worth about $30 million with a Triple Crown win.
Zayat Stables now has more than $100 million in assets and less than $10 million in debt, Zayat said.
The case was Zayat Stables LLC 10-10202, U.S. Bankruptcy Court, District of New Jersey (Newark).