Farm paid $10 million for I'll Have Another

Japan’s Big Red Farm paid $10 million for the breeding rights to Kentucky Derby and Preakness winner I’ll Have Another, the colt’s owner Paul Reddam has confirmed.

Reddam told Daily Racing Form that Shigeyuki Okada’s Big Red Farm topped another Japanese farm’s $9 million offer. Both bids were well above what American stud farms had offered for the 3-year-old Flower Alley colt.

Big Red Farm, Reddam said Tuesday, “knew there was another offer, and we said we’d take $10 million,” Reddam said he did not consider the alternative of buying a herd of mares and standing the stallion in the United States with his support.

“That’s not the direction I would have wanted to go,” he said. “I’m not a breeder.”